Frog-themed cryptocurrency Pepe has seen a huge dip in price, falling about 79% from its all-time high of $0.00002825 set in early December 2024. This downturn has been compounded by the emergence of a "death cross" pattern, a technical indicator that signals bearish momentum.

The crypto market is imploding, with the total market capitalization in the industry crashing from over $3.5 trillion in November to $2.58 trillion. Bitcoin and most altcoins like Shiba Inu, Pepe, XRP, and Pi Network have all retreated by double digits from their 2024 highs.

Ethena surges 4.96% as derivative traders fuel momentum, while spot traders continue selling.

PEPE could see a bounce back in the market.

Ethena (ENA) has gained significant traction ever since its launch, but its price performance gains excitement and skepticism simultaneously. Considerable concerns exist as the token has not created a new ATH in a year.

During the current crypto downtrend, memecoins have been hit hard. Although top-ranking memecoins $DOGE, $SHIB, and $PEPE, still have large market caps, are they on a trajectory to zero, or can a renewal of the bull market still send them to higher highs?

Lacking a strong support base, PEPE faces the risk of an extended breakdown.

With PEPE coin prices sinking and selling pressure intensifying, investors are questioning whether the meme coin can survive.

Amid the crypto market downturn, the Ethena Token (ENA) is witnessing a significant price rally, surging 20% from yesterday's dip. The price spike, especially in the turbulent market, has caught everyone's attention.

PEPE has continued its downward trajectory, hitting a six-month low of $0.00000670. The meme coin's sustained losses have significantly eroded investor confidence, leading even uncertain holders to pull back.

XRP price has pulled back in the past few days, and is at risk of further downside after forming a head and shoulders pattern on the daily chart. Ripple was trading at $2.3515 on Saturday, down by over 30% from its highest level this year.

The past month's liquidation heatmap highlighted the $0.48-$0.515 as a strong magnetic zone.

The crypto market today continues to spark investor uncertainty, showcasing riveting movements. Bitcoin (BTC) price stagnates around $85K as the week comes to an end, whereas altcoins mimic a volatile trajectory.

With major shifts in the crypto space, some meme coins are proving they have staying power, while others quickly fizzle out. The recent rise and fall of projects like the Trump meme coin and Argentina's Libra token have shown that market trends can be unpredictable.

Frog-themed cryptocurrency PEPE has been trending downward since reaching an all-time high of $0.00002825 in early December 2024. Taken from this high, PEPE is down nearly 75%.

The crypto market slid back into the red as it declined over 4%, slipping below the $3 trillion mark and moving to its current $2.87 trillion. Bitcoin (BTC) is down nearly 5% despite Donald Trump's announcement of a strategic reserve consisting of Bitcoin.

Ethena (ENA) triggered a significant event in the crypto market by unlocking 2.07 billion ENA tokens, valued at approximately $740.71 million. This massive increase in circulating supply, accounting for 39.17% of the total supply, raised important questions about market stability, price volatility, and investor sentiment.

Pepe Coin's price is recovering, but key resistance at $0.675 could determine its next move. Break through or rejection?

Amid the ongoing market uncertainty, crypto whales are seen offloading Ethena (ENA) tokens. Today, March 6, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have dumped a significant $148 million worth of ENA tokens onto the exchanges in the past 48 hours.

Pepe price remains in a deep bear market after plunging more than 75% from its all-time high of $0.000028. Pepe (PEPE) dropped to $0.000071, mirroring the performance of most meme coins, which have crashed over the past few days.

ENA unlock injected $740.71 million into the market, influencing price action, volatility, and investor sentiment.

While meme coins like PEPE have gained attention for their rapid price swings, many investors are shifting focus toward projects with real financial utility. Mutuum Finance (MUTM) is emerging as a strong alternative, offering a structured lending ecosystem that goes beyond speculation.

Ethena (ENA) has recently experienced a price uptick of 17%, following a challenging start to the year. This rise, however, comes after significant losses that started early in 2025, exacerbated by a massive token unlock event in the last 48 hours.

Meme coin PEPE has been hovering near a crucial support level over the past few weeks, following a sustained decline that began at the start of the year. Interestingly, a crypto analyst on TradingView has highlighted this price support as a make-or-break level for PEPE, suggesting that a breakout above this zone could spark a 400% rally toward $0.0001.

Ethena (ENA), the governance token of Ethena Labs, has surged by an impressive 11% within 24 hours, climbing to $0.3791 amid a broader cryptocurrency market recovery. This rebound follows a brutal 69% correction over the past 60 days, offering a glimmer of hope to investors.

Bybit has announced a new initiative to reward users who hold or use Ethena's USDtb stablecoin.

Ethena Labs' USDe continues to make moves to position itself as a logical alternative to USDC and USDT as the stablecoin competition heats up. The latest in a series of progressive moves Ethena Labs has made regarding USDe involves Bybit, one of the largest exchanges in the industry right now.

The $0.000073 zone was a lower timeframe resistance zone and could present a selling opportunity upon a retest.

The incoming U.S. cross-border tariffs didn't bode well on the memecoin department, flushing down 17% of its market cap.

The move comes as the stablecoin market grows increasingly more competitive and the U.S. nears creating regulatory certainty around stablecoins.

Critical supports that have upheld Pepe in the face of recent market headwinds are now in question, placing the meme coin at a critical juncture. The post PEPE Bulls Defend Critical Price Level – Is a Breakout or Breakdown Next? appeared first on Cryptonews.

Meme coins PEPE and Dogwifhat (WIF) have made it onto Coinbase's Coin50 Index, indicating increased market significance and investor interest.

A sharp downturn has gripped the crypto market, with an almost 10% drop in the overall market cap within the last 24 hours. Leading cryptocurrencies (Bitcoin, Ethereum, and Solana) have suffered over 10% price losses.

Two popular meme coins, Shiba Inu and Pepe Coin, have experienced a substantial drop in value, leaving many reeling. Investing in these currencies today is akin to putting your investment at risk, with minimal potential for recovery.

Digital assets traded in the red on Tuesday as Bitcoin dipped to press time levels of $83.89K. While altcoins endured significant declines amid tariffs-driven macroeconomic worries, memes seemed to suffer the most. Coingecko data shows the market cap of all meme tokens lost over 20% in the previous day to $57 billion.

After a brief rally over the weekend, top meme coin PEPE has given up all its gains, as bears take over again. According to data from CoinMarketCap, the PEPE price has added another zero and is changing hands for $0.00000692, down by 17.44% in the past 24 hours.

Ethena token unlock will release $728 million worth of tokens on March 5, adding 2.07 billion ENA into circulation. According to data from Tokenomist, this unlock accounts for 66.19% of its total supply.

Over 2.07 billion Ethena (ENA) tokens worth $820 million will hit the crypto market in the first week of March.

Bitcoin Suisse, an institutional-grade crypto services provider, is expanding its digital asset offerings with access to four new tokens.

Mutuum Finance (MUTM) is quickly becoming one of the top performers, set to unseat leading meme coins like Pepe Coin (PEPE) and Shiba Inu (SHIB). At the time of press, Shiba Inu is trading at $0.00001413 and Pepe Coin at $0.0000074.

Ethena (ENA) is set for $1.3 billion in token unlocks this week, marking a significant milestone in the cryptocurrency landscape

The PEPE coin price has erased most of the gains it made in 2024. One of the top meme coins, Pepecoin is currently trading down by over 70% from its December levels. The Pepecoin technicals are giving hope to analysts who predict a bullish divergence and a good chance for PEPE to rebound soon.

This week in crypto, several major events are in the pipeline, with the potential to affect traders' and investors' portfolios. Among the top stories include the White House crypto summit, massive ecosystem-specific token unlocks, and Tron blockchain moving forward with its recent commitments.

A Pepe Coin whale ignited a tidal wave of speculation on Monday by dumping a staggering 262 billion tokens despite an ongoing uptrend. On-chain data suggests that this whale thereby redirected its investments into another token, ONDO.

If PEPE holds itself above the $0.00000765, it could soar by 30% to reach the $0.00000105 level.

Ethereum whales are making big moves, and this time, it's not just about Ethereum price. While ETH remains a top asset, many large holders are quietly shifting their focus. The surprise? They're leaving PEPE, one of the most popular meme coins, for a new crypto gaining massive hype, DTX Exchange.

The final week of February 2025 saw Figure secure $200 million for its asset management platform. Crypto.news collected data from Crypto Fundraising and discovered that the week's funding reached nearly $500 million across multiple sectors.

Cryptocurrency analyst and trader Ali Martinez is warning that a top memecoin could plunge significantly amid the market downturn.