{"id":4296,"date":"2023-05-04T08:41:27","date_gmt":"2023-05-04T12:41:27","guid":{"rendered":"http:\/\/leadingcryptonews.com\/3-signs-pepe-token-is-about-to-trap-bulls-after-2000-price-rally\/"},"modified":"2023-05-04T08:41:27","modified_gmt":"2023-05-04T12:41:27","slug":"3-signs-pepe-token-is-about-to-trap-bulls-after-2000-price-rally","status":"publish","type":"post","link":"https:\/\/leadingcryptonews.com\/3-signs-pepe-token-is-about-to-trap-bulls-after-2000-price-rally\/","title":{"rendered":"3 signs PEPE token is about to trap bulls after 2,000% price rally"},"content":{"rendered":"
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New memecoin Pepe (PEPE) has entered a sharp correction phase after surging by more than 2,000% since its debut a few weeks ago.<\/p>\n
On May 3, the PEPE price dropped to\u00a0$0.00000089, down about 35% from its record high of\u00a0$0.00000138 established two days earlier. As a result of the correction, its market capitalization slipped by nearly $80 million, pushing PEPE out of the top 100 cryptocurrencies.\u00a0<\/p>\n