- Arbitrum (ARB) and PEPE face sell-off pressure, down 9.53% and 25.65% respectively.
- Memeinator’s MMTR gains traction, offering innovative utility and market dominance.
- MMTR token priced at $0.0292 in the final presale stage, attracting investor interest.
The cryptocurrency market has witnessed significant turbulence in recent days, with notable sell-off pressure impacting tokens like Arbitrum (ARB) and PEPE.
As popular tokens suffer bearish pressure, Investors’ attention is shifting towards the Memeinator presale, where investors are eyeing opportunities amidst the market fluctuations.
Arbitrum (ARB) sell-off post token unlock
Arbitrum, a prominent player in the cryptocurrency space, experienced a substantial sell-off following a significant token unlock event on March 16th.
Whales moved $58 million worth of ARB tokens to exchanges, triggering a downward price spiral. As a result, Arbitrum’s native token, ARB, faced a 9.53% decline in value within a day, now priced at $1.50.
The whales’ moves were a reaction to the influx of tokens following the token unlock, leading to concerns about increased supply and potential market volatility.
PEPE’s price drop after an impressive surge
PEPE, another notable cryptocurrency, also experienced a notable price drop, declining by 25.65% over the past seven days.
Currently priced at $0.000006166, PEPE’s market cap has decreased by 18.99%. However, despite the decline, trading volume remains relatively high, indicating ongoing market activity.
Investors speculate that the price drop may be attributed to market sentiment, as well as broader trends impacting the cryptocurrency market.
With PEPE’s all-time high recorded just five days ago, volatility remains a key characteristic of this meme coin.
Memeinator MMTR token presale
Amidst the sell-off pressure facing Arbitrum and PEPE, investors are turning their attention to the Memeinator presale, where the MMTR token is making waves.
MMTR aims to fuel Memeinator’s ascent to become the most traded and valuable meme coin in the market.
Currently in its final presale stage, MMTR has garnered significant interest from investors seeking to capitalize on the token’s potential utility and market dominance. With a presale price of $0.0292, MMTR represents an opportunity for investors to participate in the Memeinator ecosystem early on.
The Memeinator is characterized by its innovative approach, leveraging AI technology, powerful marketing strategies, and a mission to eliminate inferior memes from the market.
As the Memeinator project progresses through its roadmap, including phases such as the launch of the Memescanner and Memeinator game, anticipation for MMTR’s future grows among investors.
The post Arbitrum (ARB) and PEPE face huge sell-off pressure: focus shifts to Memeinator presale. appeared first on CoinJournal.
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