Meme Coin Prices Dip as Some Investors Rotate into $30 Million Pepe Unchained Presale

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Meme Coin Prices Dip as Some Investors Rotate into $30 Million Pepe Unchained Presale
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The wave of enthusiasm that swept over the meme coin market in the wake of the US presidential election seems to have hit pause—at least for one day.

That means most meme coin traders are still sitting on a rich pile of gains, and may not be looking to sell at the first sign of trouble. That could prevent the dip from turning into a full-blown sell-off. Robinhood and Coinbase seemingly made moves to defy Gensler in his waning days as SEC Chair by listing $PEPE earlier this week. Both platforms have largely stayed out of meme coin trading after being served lawsuits by the SEC for listing tokens that the agency considers securities.

The project could hardly be better-timed: its new network will launch in the middle of the meme coin supercycle, providing a new home for meme coin developers and traders. All of the activity on Pepe Unchained will require the project’s native $PEPU token, which is poised to soar in value as a result.

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