It’s been a tough few days for Pepe and Dogecoin holders.

Both coins have dipped into the red this week as market conditions take a turn for the worse.

Yet while these established meme coins struggle, presale project Pepe Unchained is continuing to impress – passing the $50 million mark ahead of its first exchange listing.

Meme Coin Giants Take a Beating as PEPE & DOGE Lead Market Slide

Pepe and Dogecoin have taken a serious hit this week.

PEPE dropped 14% in just the last 24 hours, now trading around the $0.0000174 level.

DOGE hasn’t fared much better, sliding 13% to $0.36 and seeing its market cap shrink to $54.2 billion.

But it’s not just these two coins that are seeing a sell-off.

It’s a sea of red in the meme coin space, with MOG being hit the hardest, losing 20% of its value in a single day.

Overall, the meme coin market’s value has pulled back to $106 billion, signaling that the recent hype around these coins might be cooling a bit.

Spot trading volumes remain high – but that suggests traders are cashing out their earlier gains.

And the drop in open interest for PEPE and DOGE backs up this shift in sentiment.

So, after weeks of explosive growth, the meme coin sector seems to be finally taking a breather.

Crypto Market Turns Red as Bitcoin ETFs See Largest Outflow Since Election

The meme coin slump isn’t happening in isolation – it’s part of a broader cooldown in the crypto market.

Bitcoin has slipped 6% to $91,600, and other top altcoins, such as ETH, SOL, BNB, and XRP, are all deep in the red.

In the past day, the total crypto market cap is down 7%.

What really stands out, though, is the massive outflow from spot Bitcoin ETFs.

They just recorded their largest single-day withdrawal since Trump’s election win, with $438 million pulled out.

BREAKING: Yesterday the Spot #Bitcoin ETF saw $438.38 MILLION OUTFLOW! pic.twitter.com/r0HvW4c6OD

— Crypto Rover (@rovercrc) November 26, 2024

That’s a massive turnaround from a few days ago when the market was hyped over record-breaking inflows of $1 billion.

Still, not everyone is hitting the panic button.

Many analysts see this pullback as nothing more than healthy profit-taking after Bitcoin’s climb towards $100,000.

And while the ETF outflows might look unsettling, the bigger picture tells a different story: total net inflows still sit at $30.4 billion.

This shows that institutional interest in crypto hasn’t really wavered.

Pepe Unchained Defies Market Downturn & Shatters $50M Milestone Ahead of Upcoming Exchange Debut

While the rest of the crypto market is bearish, Pepe Unchained is breaking the mold.

The project has now raised over $52 million in presale, cementing its spot as one of the biggest meme coin launches ever.

With just 17 days left until exchange listings and PEPU tokens available for $0.01295 each, it’s got everyone – from retail investors to industry pros – paying attention.

However, it’s not just the presale numbers that make Pepe Unchained stand out.

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Pepe Unchained is coming. And it’s going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF

— Pepe Unchained (@pepe_unchained) September 26, 2024

It’s also the team’s bold vision: bring meme coin innovation back to Ethereum.

They have set their sights on disrupting Solana’s hold over the meme coin space by developing a new Layer-2 network called Pepe Chain.

The goal is to enable fast, low-cost meme coin trading while tapping into Ethereum’s security and liquidity.

A critical feature of this Layer-2 network is the Pump Pad.

This feature is designed to make meme coin creation accessible to everyone and is inspired by Solana’s popular Pump.fun platform.

Several top crypto experts have praised Pepe Unchained’s setup.

For example, ClayBro released a video yesterday in which he claimed that the PEPU token could “make millionaires” once it was released.

Clearly, the hype is building around this new meme coin project.

And despite the uncertainty in the broader crypto market, Pepe Unchained continues to go from strength to strength.

Visit Pepe Unchained Presale

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This week, we examine Ripple, Cardano, Optimism, Solana, and Dogecoin in greater detail.

Ripple (XRP)

XRP just had one of the best months in years, and its price increased by 74% this week alone, bringing it close to $1.5. In the last bull market, XRP reached almost $2 before sellers took over the price action.

The current all-time high is $3.3, which could signal that this cryptocurrency has plenty of room to run. Buyers will have to break above $1.6 and $2 before they can hope to aim for $3 or more.

Looking ahead, XRP’s rally continues to show strength, and its first real test will be around $2. Either way, a significant pullback should be expected later on, considering the price has only been going up for some time now.

Cardano (ADA)

Cardano is inching closer to $1 after closing another fantastic week with a 47% price increase. This has revived the ADA community, which has been patiently waiting for this rally since earlier this year.

The price found good support, around 80 cents, and is challenging the 90 cents resistance at the time of this post. If broken, ADA may rush to $1, which could bring back sellers looking to secure profits.

Looking ahead, buyers have a good chance to continue to dominate in the future, especially because the price has risen higher this week. The current ADA all-time high is at $3.1, which should allow market participants plenty of space to speculate on this coin.

Optimism broke above $2, which was a key resistance, and the price is up by 34% this week. This strong performance is a major signal to the market that OP is ready for higher levels after it just left its long consolidation since June 2024.

With good support at $2, this cryptocurrency can now aim higher, with key targets at $2.5 and $3. If the rally continues at this intensity, those levels could be hit by next week.

Looking ahead, ETH Layer-2 networks like Optimism are performing because Ethereum has awakened this week. As long as Ethereum performs, OP should also do well.

Solana (SOL)

Solana just made an all-time high this week at $264 and has returned to price levels not seen since 2021. It also increased by 22%, which makes it the strongest performer in the top 10 after XRP and ADA.

At the time of this post, the price entered a pullback after its new record, with sellers possibly taking some profits at these historic levels. Once this subsides, SOL could enter price discovery similar to Bitcoin.

Looking ahead, Solana has good support at $240 should the selling intensify. However, this uptrend is expected to resume, and this cryptocurrency will make new price records in the weeks to come. A key target right now would be $300.

Dogecoin (DOGE)

Dogecoin appears to be preparing its next major move and closed the week with a 6% price increase. This meme coin has been consolidating under 40 cents, which currently acts as key resistance. Once broken and turned into support, DOGE can aim for much higher levels.

If the resistance is broken, the next key targets on the chart will be 48 and 59 cents. Momentum continues to favor buyers, and a breakout could happen at any moment.

Looking ahead, DOGE could aim to hit its all-time high at 74 cents, which is not so far away considering the price has tripled in November.