Story Highlights
- $TRUMP falls 16% amid political and market pressure
- Whale withdraws 506B PEPE tokens, signaling confidence
- Dogecoin drops 8% after Musk dismisses U.S. adoption
Meme coins have taken a hit recently, with several popular tokens experiencing significant declines. Economic factors, including newly imposed Trump tariffs, have created uncertainty in the market. However, the investor optimism about market rebound remains strong despite the current lower pricing.
Whale Withdraws 506B PEPE Tokens as $TRUMP Faces Political Pressure
In the previous seven days, $TRUMP experienced a significant price downfall, reaching $9.5 as it declined 16%. The crypto token experienced enormous price instability following its launch in January through multiple downward slumps, reaching its lowest point of 75% devaluation. House Democrats have recently started questioning whether the $TRUMP token should remain in existence. Crypto traders maintain their interest in this token despite the ongoing market decline.
PEPE has registered an 8% decrease since last week and its current price stands at $0.0000070. Investments from big investors indicate that whale investors continue to have interest in the market. According to Spot On Chain data, a whale called qianbaidu.eth extracted 506 billion PEPE tokens from the Binance crypto exchange through the platform on March 26, 2025. Big investors remain optimistic about PEPE as demonstrated by their significant cash out of $4.4 million worth of tokens. PEPE achieved a market value of $1.6 billion in 2023 but jumped to $11 billion in December 2024. Investor optimism appears to be driven by PEPE’s historical high points even though its value has recently declined.
The number of investors who possess PEPE tokens continues to grow. According to market reports during March 2025, the PEPE market received 542 new investors. The price of this token has experienced significant growth patterns throughout its history. Its value at $1.6 billion emerged in 2023 before its historic jump to $11 billion occurred in December 2024. The previous astonishing price spikes seem to underpin investor enthusiasm, although PEPE currently shows decline.
Dogecoin Slumps After Musk’s Announcement, SHIB Shows Growth
Dogecoin (DOGE) marked a decline of 8% during the last week, trading at $0.1613. Elon Musk delivered a blow to Dogecoin supporters when he denied that the U.S. government would use Dogecoin as legal tender. DOGE owners who wanted broader acceptance of their token lost hope after the announced rejection from the government.
Shiba Inu (SHIB) has dropped 7% in the past seven days, currently trading at $0.00001210. However, the Shiba Inu ecosystem shows signs of improving with recent positive advancements. Shibarium, which serves as SHIB’s layer-2 scaling solution aims to achieve more than 1 billion transaction volume. The cryptocurrency network added 3.84 million daily transactions, which raised the overall total blocks to exceed 10 million, recent figures show. The number of SHIB wallet addresses has expanded beyond 191 million. As a result, many investors now show increased interest in SHIB following this recent surge in activity.
Various market factors, such as economic instability combined with inflation and investor pessimism, led to the general decrease in meme coin value. Trump’s trade policies create extra challenges for the unstable cryptocurrency market, thus leading investors to exercise caution. While some believe the meme coin mania is over, others argue that these dips present buying opportunities. However, historical data show that meme coins maintain unpredictable behavior with potential for a future price rally.
Source: https://www.livebitcoinnews.com/memecoin-mania-is-the-pump-over-or-a-fresh-rally-underway/