Meme Coins Face Potential Downturn: On-Chain Metrics Raise Concerns
On-chain data suggests Dogecoin, Shiba Inu, and Pepe could face further price corrections due to low active addresses and high MVRV ratios, indicating overvaluation.
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Coinbase to Launch PEPE Perpetual Futures
Coinbase International Exchange has announced the launch of perpetual futures trading for the PEPE meme coin, set to commence on or after April 18, indicating a shift in the exchange’s stance towards listing the controversial token.