Market Watch: Pepe's Retreat & AB$AB's Ascent Amidst Volatility
The past week has seen some turbulence in the meme coin sector, with Pepe coin experiencing a notable retreat. As whales continued their selling activity and the broader crypto market faced a sell-off, PEPE, the second-largest meme coin on Ethereum, plunged by 36% from its May peak, reaching a low of $0.00001043. This decline mirrored a broader market trend where Bitcoin and many other meme coins saw dips due to profit-taking and current geopolitical developments. It's a clear reminder for traders to stay vigilant in volatile markets.
However, it’s not entirely bearish across the altcoin landscape. AB$AB is gaining notable traction following its recent listing on Binance Alpha, which has increased both its visibility and trading volume. Designed as a cross-chain asset with support for AB and BSC, it uses modular infrastructure and AB Connect to enable smoother interoperability. A 115 million token trading competition and a utility-driven airdrop continue to drive community engagement, reinforcing AB$AB’s positioning within the multichain ecosystem. Meanwhile, the BEER2 listing event on BingX is drawing attention as it features a substantial 1,775,000,000 $BEER2 reward pool tied to ongoing platform activity.
