In the cryptocurrency market, some altcoins are becoming popular due to hype, major exchange listings, notable upgrades or other reasons. Recently, PEPE and SUI have been among the most talked about altcoins. So, what’s the latest on these 2 altcoins?
PEPE Reviews
PEPE, which has a market capitalization of $664.6 million according to CoinMarketCap data, is trading at $0.00000169 at the time of writing.
PEPE attracted attention especially with its listing on Binance, the world’s largest cryptocurrency exchange in terms of trading volume on May 5. PEPE, which broke a record with $ 0.000004354 on the day of the listing, is trading 61% below the ATH level. Therefore, it is clear that PEPE has recorded a noticeable decline in 11 days.
In addition, it should be noted that there are some allegations about PEPE, a meme token, that may worry investors. For example, the Ripple lawyer responded to the tweet claiming that PEPE was a scam and expressed that he thought the same way. Nevertheless, it is worth noting that this situation is just allegations.
According to analysts, PEPE made a major correction after the hype and may leave the old ATH level behind in the new rally in the cryptocurrency market. Still, it should be reminded that it may be useful for investors to do their own research independently of rumors.
SUI Token Latest Status
SUI is actually a cryptocurrency that was recently listed on Binance and made a name for itself with this listing. With a market capitalization of $630.8 million, SUI is trading at $1.19 at the time of writing.
SUI was listed on Binance on May 3rd and broke a record with this listing, just like PEPE. SUI’s ATH is currently at $1.72. Therefore, unlike PEPE, it can be stated that the decline in SUI is 30 percent. At this point, it is thought that the fact that PEPE is a meme token and SUI is not a meme token makes a difference.
Therefore, investors should make moves without forgetting that meme tokens can create great hype and the subsequent withdrawal may be larger than other altcoins.
