Meme Coin Momentum Fades After Trump Inauguration but Wall Street Pepe ICO Continues to Pump

The meme coin hype is cooling after Donald Trump’s inauguration celebrations.

Over the past 24 hours, big names like DOGE, PEPE, and SHIB have taken a nosedive.

But while most meme coins are selling off, one project continues to impress – Wall Street Pepe (WEPE).

Its ICO has passed $57 million in early contributions, setting the stage for a highly-anticipated exchange debut in just over three weeks.

Meme Coin Market Sees Major Correction as Trading Volumes Plummet

Nearly every major meme coin is in the red right now.

What started as minor profit-taking has snowballed into a broader sell-off, dragging the meme coin sector’s market cap back to $102 billion.

Meanwhile, trading volumes have dropped by more than 50% since yesterday.

Tokens that were rallying earlier in the week are now feeling the heat.

SHIB is down 2%, DOGE has dropped 4%, and TRUMP coin – last weekend’s breakout star – has plunged 14%.

But the biggest loser is AI16Z, down 25% in the past 24 hours.

The only real standout was PENGU – managing to post a small gain.

This kind of pattern is nothing new in the meme coin space, where sharp corrections often follow massive rallies.

Still, not everyone is spooked by the price action.

Well-known meme coin trader Murad called the sell-off an “opportunity of a lifetime” for those willing to stomach the volatility.

Crypto Market Sells Off While Bitcoin ETF Inflows Drop

The broader crypto market is also showing some cracks.

Bitcoin has slipped to $101,800, Ethereum is down to $3,200, and XRP has dropped to $3.

LINK took the biggest hit among the top altcoins, falling 6% since yesterday.

Things are clearly cooling off – and total spot trading volumes have slumped 16%, with open interest also dropping.

At the same time, demand for the spot Bitcoin ETFs is fading slightly.

Total inflows dropped 69% yesterday to $248 million, and BlackRock’s IBIT fund was the only one to see meaningful gains.

GBTC led the way in terms of outflows with $47 million.

Some analysts believe this is a “sell the news” moment, claiming Trump’s inauguration buzz was already priced into the market.

The optimism around this colossal event may have already run its course.

However, things change fast in crypto – so even though the market is red today, it could quickly flip green tomorrow.

Wall Street Pepe ICO Passes $57M Despite Market Downturn – Next Big Meme Coin Opportunity?

Wall Street Pepe’s ICO is defying all this bearishness.

The project has now raised over $57 million, and more than $1 million is coming in daily – even as the broader market sells off.

With the ICO running until February 16, Wall Street Pepe’s momentum does not show signs of stopping.

So, why all the hype?

For starters, the project has positioned itself as an aid for retail traders, targeting the dominance of crypto whales in the meme coin space.

That approach is hitting home, as evidenced by Wall Street Pepe’s Telegram channel reaching 17,300 subscribers.

The project’s Twitter following has also exploded recently.

Wall Street Pepe’s team will give WEPE holders access to market insights, trading tools, and real-time signals.

They’ll also host trading competitions where the winners receive WEPE prizes.

And if that wasn’t enough, there’s even a built-in staking app for WEPE, offering higher yields than most crypto staking coins.

Big-name YouTubers have praised the project’s setup.

For example, NASS CRYPTO released a video about Wall Street Pepe last month, which has been viewed over 86,000 times.

Given that he has more than one million YouTube subscribers, his endorsement has given the project a massive boost.

So, with 24 days left in its ICO, things are looking positive for Wall Street Pepe.

Despite the ongoing meme coin sell-off, WEPE seems to be holding up quite well.

Visit Wall Street Pepe ICO

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