Recent events in the cryptocurrency market regarding Pepe and Pepeto indicate significant changes in the investment climate. Despite the former's 7% decline, Pepeto moves forward with an innovative, utility-focused project.
Pepe Faces Selling Pressure and Whale Influence
Pepe's price has dropped from $0.00001400 to $0.00001065, jeopardizing recent highs. The selling pressure is attributed to whales controlling 75% of the coin's supply. In the past week, approximately $848 million of large transactions have been recorded, indicating high activity among large holders.
Pepeto Prepares Ecosystem Launch
Pepeto positions itself as a project focused on building a utility-driven ecosystem. Developers have announced features like staking, a decentralized exchange PepetoSwap, and a cross-chain bridge aimed for launch post-token listing. The presale has raised over $5.3 million.
Pepeto's Strategy: Development and Stability
Pepeto's strategy centers around creating a stable ecosystem. 30% of tokens are allocated for the presale, with another 30% for staking. The project aims to avoid the pitfalls seen in meme coins by offering functional tools for users.
The situation around Pepe raises questions about its future, while Pepeto continues to advance by providing more sustainable solutions for investors and users. The potential strategy shifts and feature launches could significantly impact both projects.
