Elon Musk posted a picture of the Pepe frog on platform X, showing the satirical character lighting a cigarette and looking tired. The post received widespread attention in cryptocurrency communities. Holders of tokens like PEPE, BabyDoge, and WIF quickly interacted, sharing similar responses. Some users also linked the timing of the post to the explosion of SpaceX's Starship in Texas, although no direct connection has been confirmed.
Whatever the reason, the tweet has brought renewed focus to a meme token that has been struggling to maintain a key support level.
PEPE tests support after an 8% drop
PEPE is trading at around $0.000008743 after a 9.1% drop over the past 24 hours. Market watchers believe the currency may retest the $0.0000101 level, with the potential to reach $0.000012 if sentiment improves. Currently, a bullish pennant pattern is forming on the eight-hour chart, a pattern typically seen before a continuation of the upward trend.
The lower end of this pattern forms support. If it holds, buyers may return. However, if it breaks, the recent rise may lose momentum. The current structure of the PEPE chart has divided traders, with some viewing it as a setup for a recovery, while others await confirmation of trading volume before taking any steps.
Pepeto attracts buyers with its practical tools
As PEPE trading declines, a new competitor is making waves. PEPETO, a new meme coin project, raised over $5.45 million in its presale phase. Its current price is $0.000000136, and interest is rapidly increasing. Unlike many meme coins, Pepeto features practical functionalities, making it the ideal choice for those looking for the best meme coin to buy.
The project includes an efficient cross-chain bridge, a no-fee trading platform, and audited smart contracts. It also offers rewards of up to 280% on staking, a system designed to encourage holding the currency instead of early selling. This approach helps Pepeto stand out from meme tokens that rely solely on hype.
Investor focus has shifted towards utility and structure
As meme coin investors look beyond short-term pumps, Pepeto's roadmap is gaining increasing attention. Several centralized trading platforms are expected to launch soon, adding momentum. This shift demonstrates a growing interest in tokens that combine community appeal with functional features.
Investors looking for the best cryptocurrency to buy in 2025 are starting to take Pepeto seriously. With an effective staking system, a transparent token, and zero trading fees, it has become a practical option for those considering long-term investment. On the other hand, while Pepeto is attracting significant attention, traders are waiting for a clear signal before taking any steps.
About Pepeto
Pepeto combines the appeal of memes with practical blockchain features, focusing on actual user tools rather than exaggeration. It offers zero-fee trading, staking rewards, and cross-chain support. With a clear roadmap and strong early backing, Pepeto stands out as a strong competitor for those looking for the best cryptocurrency options in 2025.
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