PEPE and Dogwifhat (WIF) Record Monthly Lows in Transactional Volume Amid Market Recovery

As the crypto market recovers after significant losses, memecoins are struggling to compensate for their recent underperformance. PEPE and Dogwifhat (WIF) have again emerged at the top of the decliners list with fading hype and significant value depreciation.

As the crypto market recovers from its recent downturn, memecoins have been largely overlooked by investors. Among them, PEPE and Dogwifhat (WIF) have hit new lows with fading hype and a drastic value depreciation.

Meanwhile, investors have taken notice of the DTX Exchange, which is positioned for substantial growth in the current financial year. Its presale has attracted attention with its impressive performance, thanks to its unique tradFi schemas and diverse asset base catering to major sectors.

PEPE Records Monthly Low in Transactional Volume

PEPE saw a huge price rally in May, reaching a new all-time high amid the buzz surrounding the Ethereum ETF. With many whales cashing out, PEPE has entered a prolonged consolidation phase, dropping by 18% in the 7-day timeframe. Given the pessimistic outlook, investors are hesitant to bet on the frog-themed memecoin, anticipating further consolidation.

Over the past 30 days, PEPE has seen a 36% decrease in transactional volume, marking the highest drop. Adding to the speculations, the number of large transactions—those ranging from $100,000 to $1 million—has also halved. As the bearish sentiment continues, the PEPE price is expected to see more price dips in the upcoming days.

Analysts Voice Caution for Dogwifhat (WIF) Amid 26% Drop

The price of Dogwifhat (WIF) has hit critical levels, indicating a potential crash if bulls fail to regain momentum. After the recent bull run above $4, the meme token has retraced to key support levels, breaking below $2.36. Dogwifhat (WIF) has seen a massive decline in its trading volume by 91.0% over the past week.

Whales continue to dump their holdings to avoid further losses, while some bulls are attempting to build up buying pressure at good entry points. As Dogwifhat (WIF) faces a 26% price drop in a bearish market, analysts are keeping a close eye on the situation and advising caution, as the memecoin enters a make-or-break scenario.

DTX Exchange Presale Round 2 Surges Past $700,000

Following its impressive ICO performance, DTX Exchange (DTX) has now crossed the $700,000 mark in round 2 of the public presale. The project boasts a high-performance hybrid marketplace with advanced automation strategies and a 1000x leverage feature.

On a platform that combines tradFi elements and access to over 120k assets, traders can multiply their profits even with minimal investment capital. This hybrid platform features multi-tier accounts, cutting-edge analytics, blockchain layer 1 technology, and robust security measures, making it a complete marketplace that integrates the best aspects of both centralized and decentralized exchanges.

With increasing demand and growth, the DTX token is set to reach a high price point, potentially exceeding $1 by the end of the presale. To secure early positions in the DTX Exchange, investors are heading toward this no-KYC exchange token, which is currently priced at $0.04.

Learn more:

Visit DTX Presale

Read Whitepaper

Join The DTX Community

News source：https://www.kdj.com/cryptocurrencies-news/articles/pepe-dogwifhat-wif-record-monthly-lows-transactional-volume-market-recovery.html

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