Pepe Falls Out of Crypto Top 100. Rebel Satoshi’s ICO Hits $1 Million

The popularity of the meme coin Pepe (PEPE) has decreased drastically, as it has fallen out of the top 100 cryptocurrencies list.

Meanwhile, the new cryptocurrency Rebel Satoshi (RBLZ) is gaining attraction in the Web3 space, with 1 million dollars raised in its ICO so far.

Pepe’s Descent from Peaks to Lows

Earlier this year, Pepe (PEPE), a meme coin connected to Pepe the Frog meme and built on Ethereum, experienced tremendous growth. Recently, Pepe suffered a huge drop in its rank in the cryptocurrency market, from its highest ranking to the 112th position, with a decline of 66% in value, currently trading at $0.00000142.

It all started when Pepe’s developers sold $15.7 million worth of tokens from the central wallet. This caused confusion within the Pepe community and made it hard for members to trust the system. If a project sells its holdings in an asset, it may lead to community members selling theirs because they assume it means the project is going to go down.

Even though the Pepe team made up a story of “a few bad actors” within the team and showed an attempt to move the remaining tokens to a safer wallet, still, there is still less credibility and trust towards the project. After Pepe’s telegram account was hacked again, many people started to doubt if the token price would recover or not.

Many in the crypto community, including EricCryptoman, have expressed their concerns about the future direction of the market. Experts like CryptoTony shared predictions about the possibility of further corrections. If Pepe goes past the limit of its current support, there could be a risk of dropping even more.

Rebel Satoshi Emerges As A Silent Revolution in Meme Coins

While Pepe is facing issues, there is a new player in town, Rebel Satoshi (RBLZ), which seems to be capturing the interest of investors.

Rebel Satoshi has received a good level of support since its introduction because it brings together people who want to fight back against oppressive rules and encourages them to speak up.

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Author: BeInCrypto Team

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