Pepe’s Price Plummets and Traders Look Like Clowns 🎭

In the swamp of the crypto world, Pepe (PEPE) decided to take a nosedive—dropping over 6% in a single day. Yes, dear comrades, that frog was jumping high, but suddenly decided to drown. This spectacular fall left the long hunters scratching their heads, bewildered by a liquidation imbalance of a staggering 146%. Who could’ve predicted that betting on a meme coin would turn into a comedy of errors? 🤡

$2.82 million in PEPE longs liquidated — Oops!

According to the wise folks at CoinGlass, the price crash led to a colossal liquidation of $3.22 million within Pepe’s swamp. Traders betting on PEPE soaring to $0.0000120 watched helplessly as $2.82 million got flushed away faster than a frog in a pond. Turns out their dreams of frog riches were just bubbles burst—more like splashes, really. 💦

These poor souls believed Pepe could reach the moon, but instead, it dipped lower than their hopes. The market proved once again that fortune favors the brave—or perhaps just the weird, in this case. Meanwhile, short traders barely lost $399,000—probably just enough to buy a modest pond or a small frog. The majority had their bets on the bullish frog, only to be frog-marched into bad luck.

As the clock struck press time, Pepe was circling at $0.00001161, down 6.61%. Trading volume hiccuped slightly—down 0.79% to $833.38 million. Looks like the investor crowd is still not abandoning their slimy friend, perhaps hoping for a miracle or just sheer stubbornness. 🐸

The meme coin bloodbath continues—Even Doge and Shiba are crying 😢

Pepe’s misery isn’t alone in the swamp. The meme coin kings, Dogecoin and Shiba Inu, are also having their own bad days, dropping 3.71% and 2.19%, respectively. Ah, the joys of meme economy—where riches are as fleeting as a frog’s leap.

If Pepe’s investors want a shot at survival, they’d better watch the key levels—like that elusive $0.0000120 resistance. Maybe, just maybe, if the whales start throwing around trillions of PEPE again, a comeback could emerge, like a frog jumping out of the mud. Until then, it’s a muddy pond and dashed hopes. 🐸

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2025-06-05 15:48