PEPE Price Struggles Births Biggest Competitor Amid Crypto Bear Market, FloppyPepe Takes The Crown
Despite the bear market doing numbers on various crypto projects, remains a strong force in the meme coin market, thriving on its cultural significance and loyal following.
Currently trading at $0.056450, Pepe (PEPE) has defied the bear market, gaining 8.29% in the past 24 hours, but the bigger picture is concerning. It is down 9.69% in the past seven days and a massive 32.90% over the past month. The volatility has caused many to question whether Pepe (PEPE) can sustain its dominance.
However, FloppyPepe (FPPE) is capitalizing on the current bear market as it continues to see major buy-ins. Its private sale raises over $900,000 in a day, starkly contrasting Pepe’s (PEPE) struggles. This suggests a shift in investor preference toward projects offering more than just hype.
Another key aspect that has attracted investors to FloppyPepe (FPPE) despite the bear market is its deflationary token burn mechanism. With every transaction, 1% of tokens are permanently burned, reducing supply and increasing scarcity. This built-in mechanism creates sustainable long-term growth, something Pepe (PEPE) lacks.
