One such memecoin that has recently been making waves is Pepe Coin (PEPE), one of the most popular meme tokens of the year. As the crypto market in general faces a bearish phase, PEPE seems to be defying the odds, attracting significant attention from the crypto community. Pepe Coin's Potential Whenever the crypto market enters a phase of low volatility, memecoins have seen a surge in interest. PEPE stands out in this category, consistently recording the highest social volumes whenever market volatility takes a backseat. With Bitcoin and other altcoins currently in the low price range, PEPE's fame is hard to ignore. Adding to its credibility, Kucoin, a renowned crypto exchange, recently- recently revealed that PEPE topped the list of most searched cryptocurrencies over the past week. Such a revelation naturally aroused curiosity, making many people wonder if PEPE was ready for a significant increase. Since mid-August, there has been a significant increase striking in the supply of PEPE held by key addresses." This accumulation peaked when weighted sentiment bottomed on August 25, only to recover remarkably on August 30." Despite these positive indicators, the performance of the PEPE market tells a different story. different. The token has now slumped to its lowest level in four months, indicating an oversold scenario. However, this decline may be a blessing in disguise. Given PEPE's status as the most sought-after memecoin and its accumulation by major addresses, there is potential for PEPE market participants to take control. However, while the accumulation by major addresses is a supportive sign, it does not yet definitively indicate an impending bull run. coming. Even though existing demand is not yet strong enough to trigger a change in direction, there is still hope. PEPE has the opportunity to attract bullish volume. Don't forget to follow Bang Bray for the latest news updates $PEPE $BTC

A group of investors behind a class action lawsuit against Terraform Labs and its co-founder Do Kwon over alleged fraud has dropped the case. In a Sept. 28 filing in the United States District Court for the Northern District of California, attorneys representing plaintiff Nick Patterson, who filed the suit on behalf of investors, filed a notice of voluntary dismissal only against Terraform and Kwon. The notice did not explicitly state the reason for dismissing the case without prejudice. “The defendant (Terraform Labs) has not responded to the complaint or filed a motion for summary judgment. Because the Court has not certified the proposed class for any purpose in this case and this dismissal is without prejudice, it will not bind members of the proposed class,” Patterson's legal team filed suit in June 2022 following the collapse of Terraform Labs, which many attribute to the start of the market crash great crypto. Kwon and his company have been targeted by many global authorities for their role in an alleged scheme aimed at defrauding crypto investors. In February, the US Securities and Exchange Commission (SEC) filed a civil lawsuit against Kwon and Terra for allegedly orchestrating a multibillion-dollar crypto asset securities fraud. Authorities in Montenegro arrested Kwon in March and later sentenced him to 4 months in prison for using fake travel documents. At the time this story was published, it was still unclear whether he would be released in Montenegro or face extradition to the US or South Korea. Does this also have something to do with the Proposal that has been submitted to #Binance with 50% Burning #lunc and #ustc ? 👀•don't forget to follow Bang Bray for the latest news updates•$LUNC $LUNA $USTC