Memecoin supercycle loading? – Why whales are betting on PEPE, WIF
The post Memecoin supercycle loading? – Why whales are betting on PEPE, WIF appeared on BitcoinEthereumNews.com. Memecoins are once again dominating headlines as PEPE and WIF spearhead a strong sector-wide rally. This strength aligns with a broader uptick in crypto market activity. While the broader crypto market dips 1.41%, the memecoin sector is bucking the trend. It is up 7.28% at press time, now sitting at a hefty $71.14 billion in market cap. This kind of divergence has historically hinted at the start of a “memecoin supercycle”, where speculative momentum goes parabolic. According to AMBCrypto, several early-stage indicators suggest the setup is “very much in play.” PEPE and WIF lead speculative rotation The memecoin space is crowded, but a couple of heavy-hitters are leading the pack. As of press time, Pepe [PEPE] has surged 77% month-to-date, while dogwifhat [WIF] has outperformed with an impressive 130% gain over the same period. The critical breakout window was the from the 9th to the 17th of May. While Bitcoin chopped sideways between $102k–$105k, WIF pulled off a clean 50%+ move, reclaiming the $1 mark for the first time since late January. Simultaneously, PEPE pushed through its $0.000015 supply wall, achieving nearly a 30% gain, signaling strong spot demand and accumulation. According to AMBCrypto, this price action reflected classic speculative rotation. The one where capital moves out of Bitcoin and into high-beta meme assets. Fast-forward to now: Both assets are cooling off. WIF’s down 21.65%, PEPE’s slipped 13.68% on the week – typical post-rally retrace. But the setup remains interesting. Memecoin sector flashes supercycle signal Risk-off sentiment has re-emerged as Bitcoin [BTC] encountered a liquidity squeeze, resulting in a sharp 3.21% intraday pullback to $103k at press time. This liquidity stress has triggered a rotation of capital out of the crypto market, with investors actively deleveraging. Evidence of this is clear in WIF’s 10.26% drop in Open Interest (OI). Despite…
The post Memecoin supercycle loading? – Why whales are betting on PEPE, WIF appeared on BitcoinEthereumNews.com.
Memecoins are once again dominating headlines as PEPE and WIF spearhead a strong sector-wide rally. This strength aligns with a broader uptick in crypto market activity. While the broader crypto market dips 1.41%, the memecoin sector is bucking the trend. It is up 7.28% at press time, now sitting at a hefty $71.14 billion in market cap. This kind of divergence has historically hinted at the start of a “memecoin supercycle”, where speculative momentum goes parabolic. According to AMBCrypto, several early-stage indicators suggest the setup is “very much in play.” PEPE and WIF lead speculative rotation The memecoin space is crowded, but a couple of heavy-hitters are leading the pack. As of press time, Pepe [PEPE] has surged 77% month-to-date, while dogwifhat [WIF] has outperformed with an impressive 130% gain over the same period. The critical breakout window was the from the 9th to the 17th of May. While Bitcoin chopped sideways between $102k–$105k, WIF pulled off a clean 50%+ move, reclaiming the $1 mark for the first time since late January. Simultaneously, PEPE pushed through its $0.000015 supply wall, achieving nearly a 30% gain, signaling strong spot demand and accumulation. According to AMBCrypto, this price action reflected classic speculative rotation. The one where capital moves out of Bitcoin and into high-beta meme assets. Fast-forward to now: Both assets are cooling off. WIF’s down 21.65%, PEPE’s slipped 13.68% on the week – typical post-rally retrace. But the setup remains interesting. Memecoin sector flashes supercycle signal Risk-off sentiment has re-emerged as Bitcoin [BTC] encountered a liquidity squeeze, resulting in a sharp 3.21% intraday pullback to $103k at press time. This liquidity stress has triggered a rotation of capital out of the crypto market, with investors actively deleveraging. Evidence of this is clear in WIF’s 10.26% drop in Open Interest (OI). Despite…
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