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Crypto Whales Accumulate New Solana Meme Coin – Could It Be the Next Pepe?

Tim Hakki
Last updated: | 2 min read

Investors’ enthusiasm for popular meme coin Pepe ($PEPE) appears to be fading this week. The token has dropped 8.2% over the last seven days, taking the most losses of any of the other five biggest meme coins by market capitalization.

At its current price of $0.00001422, Pepe is 2.5% down from its price 24 hours ago, although it has pulled in the highest 24-hour trading volume of any meme coin at $754,126,106.

This is above market leader Dogecoin ($DOGE), which posted volume of $724,287,150, although the difference in scale between the projects is considerable.

Pepe currently has a market capitalization of around $6 billion while Dogecoin’s is closer to $23 billion.

Broadly speaking, many top meme coins are trading in the opposite direction to Bitcoin this week. The world’s favorite cryptocurrency actually grew 5% over the week and currently trades at $71,265.

Pepe’s trading chart shows a cryptocurrency that struggled to break out above the $0.00001 resistance until around mid-May, when a rapid ascent took the coin to a new all-time high (ATH) of $0.00001717, which it has since retreated from by about 18% as of this writing.

Source: TradingView

The gains appear to have been largely sustained as the token has now found support at $0.000014, as indicated by the horizontal green line. Any volatility implied by the token’s rapid late-May rally has been stabilized since the start of the month.

However, with a low relative strength index of 44, if the sell-off continues, Pepe could be in line for further losses over the weekend.

In any case, crypto-savvy investors right now are likely to be overlooking Pepe for a hilarious and patriotic new water dweller.

After Pepe Comes Solana’s Hillbilly $SEAL Meme Coin, Sealana

Solana’s Sealana ($SEAL) is a spin on South Park’s viral Gamer Guy, aka Fat Computer Nerd. The all-American hillbilly seal has already raised well over $3 million over the last month in a hilarious new presale.

Gamer Guy first appeared in South Park’s World of Warcraft episode and, thanks to his milk-bottle glasses, screen-locked stare, messy room and gravity-defying girth, he has since become a symbol of excessive screen use, from keyboard warriors to couch (or desk) potatoes.

When the Solana meme coin gold rush begins, Sealana has the potential to eclipse Pepe on his way out of mom’s basement and into the world of high-volume meme coins; a true patriot gone lookin’ for the ‘Merican dream.

Investors who want to prepare for the gold rush have a little over 2 weeks left to snap up $SEAL at a fixed presale price of $0.022.

The Sealana presale concludes at 6PM on June 25. That means this could be the last opportunity to get in early before post-listing appreciation potentially blows it sky-high.

Forget Pepe, Sealana is crypto’s hottest new meme coin!

Follow the latest developments on Sealana’s X account.

Buy Sealana at the official website here.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.