{"id":562866,"date":"2023-11-28T09:30:58","date_gmt":"2023-11-28T09:30:58","guid":{"rendered":"https:\/\/wncen.com\/?p=562866"},"modified":"2024-06-11T10:12:55","modified_gmt":"2024-06-11T10:12:55","slug":"binance-turmoil-sends-pepe-and-altcoins-tumbling-in-crypto-crunch","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/binance-coin\/binance-turmoil-sends-pepe-and-altcoins-tumbling-in-crypto-crunch\/","title":{"rendered":"Binance Turmoil Sends PEPE And Altcoins Tumbling In Crypto Crunch"},"content":{"rendered":"

The altcoin market experienced significant downward pressure as the crypto world was shaken with Binance CEO and founder Changpeng Zhao and Binance itself facing federal charges for multiple finance-related crimes. <\/span><\/p>\n

As part of the settlement, the company was forced to pay more than $4 billion in fines and penalties. Zhao also agreed to step down as CEO of the company he built, along with paying fines and penalties worth $200 million.<\/span><\/p>\n

Related Reading: Revving Up: Solana Bulls Ready To Charge As Analysts Predict Rally Beyond $80<\/a><\/div>\n

PEPE: Struggling To Stay Afloat Amidst The Storm<\/strong><\/h2>\n

With massive pain across, PEPE is among the altcoins that try to weather the storm. According to <\/span>CoinGecko<\/span><\/a>, the token is down nearly 10% in the bi-weekly timeframe, following the likes of <\/span>Terra Luna Classic<\/span><\/a> on their downhill trajectory.\u00a0<\/span><\/p>\n

\"\"Source: Coingecko<\/pre>\n
Developments, on the other hand, barely kept PEPE on the surface. On November 20th, the dev team <\/span>announced<\/span><\/a> that over 418 billion PEPE tokens were sent to the Binance Earn wallet. This was a day before the world knew of the Binance scandal.\u00a0<\/span><\/p>\n
\n
418B $PEPE<\/a> tokens are about to be transferred from the team wallet. These tokens are being sent to @binance<\/a> Earn and will be rewarded to Binance users through various campaigns over the coming months that we are excited to share with you! \ud83d\udc38 pic.twitter.com\/V9diig8hwf<\/a><\/p>\n
\u2014 Pepe (@pepecoineth) November 20, 2023<\/a><\/p><\/blockquote>\n
That same day, the <\/span>#FREEPEPE<\/span><\/a> hashtag garnered attention from X users. Ledger, a cryptowallet company, hopped on the hype train, <\/span>posting<\/span><\/a> that they partnered with artist <\/span>@batzdu<\/span><\/a> to produce a limited edition PEPE-themed ledger. However, these recent developments still hold PEPE investors back.\u00a0<\/span><\/p>\n
\n
Happy #FREEPEPE<\/a> day!<\/p>\n
The community has spoken, we\u2019ll be working on a Limited Edition Pepe Ledger Nano X with @batzdu<\/a> – keep you all updated. https:\/\/t.co\/Ws7qRkJ7r8<\/a><\/p>\n
\u2014 Ledger (@Ledger) November 19, 2023<\/a><\/p><\/blockquote>\n
Related Reading: XRP Market Drama: Ups, Downs And The $3 Horizon \u2013 Experts Weigh In On The Future<\/a><\/div>\n
PEPEUSD currently trading at $0.000001084 territory. Chart: TradingView.com<\/a><\/pre>\n
Navigating PEPE’s Volatility Amid Market Pressure And External Influences<\/strong><\/h2>\n
Even though the market is placing enormous pressure on PEPE, investors might see an open opportunity on the 50% retracement level. The bulls are attempting to hold the price of the token between $0.00000103 and $0.00000113 price levels.<\/span><\/p>\n
This gives the bulls a strong support level to bounce toward $0.00000129, which will open the door to further gains. However, the price movement is delicate and will be subject to external forces. With the PEPE\u2019s correlation with ETH moving upwards at a steady rate, we might see the token mirror the top altcoin\u2019s price movements in the coming weeks.\u00a0<\/span><\/p>\n
Investors should also monitor the dev team\u2019s recent moves in the world like the aforementioned 418 billion token transfer to Binance. These decisions by the team will have significant and long-lasting effects on the bullishness of PEPE. For now, investors should brace for further drops in price as the majority of the household names of crypto have suffered big losses in the past few days.\u00a0<\/span><\/p>\n
Any positive development in the broader crypto market will provide a crucial boost for PEPE investors to keep their portfolios on the green.\u00a0<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Shutterstock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
The altcoin market experienced significant downward pressure as the crypto world was shaken with Binance CEO and founder Changpeng Zhao and Binance itself facing federal charges for multiple finance-related crimes. As part of the settlement, the company was forced to pay more than $4 billion in fines and penalties. Zhao also agreed to step down as CEO of the company he built, along with paying fines and penalties worth $200 million. Related Reading: Revving Up: Solana Bulls Ready To Charge As Analysts Predict Rally Beyond $80 PEPE: Struggling To Stay Afloat Amidst The Storm With massive pain across, PEPE is among the altcoins that try to weather the storm. According to CoinGecko, the token is down nearly 10% in the bi-weekly timeframe, following the likes of Terra Luna Classic on their downhill trajectory.\u00a0 Source: Coingecko Developments, on the other hand, barely kept PEPE on the surface. On November 20th, the dev team announced that over 418 billion PEPE tokens were sent to the Binance Earn wallet. This was a day before the world knew of the Binance scandal.\u00a0 418B $PEPE tokens are about to be transferred from the team wallet. These tokens are being sent to @binance Earn and will be rewarded to Binance users through various campaigns over the coming months that we are excited to share with you! \ud83d\udc38 pic.twitter.com\/V9diig8hwf \u2014 Pepe (@pepecoineth) November 20, 2023 That same day, the #FREEPEPE hashtag garnered attention from X users. Ledger, a cryptowallet company, hopped on the hype train, posting that they partnered with artist @batzdu to produce a limited edition PEPE-themed ledger. However, these recent developments still hold PEPE investors back.\u00a0 Happy #FREEPEPE day! The community has spoken, we\u2019ll be working on a Limited Edition Pepe Ledger Nano X with @batzdu – keep you all updated. https:\/\/t.co\/Ws7qRkJ7r8 \u2014 Ledger (@Ledger) November 19, 2023 Related Reading: XRP Market Drama: Ups, Downs And The $3 Horizon \u2013 Experts Weigh In On The Future PEPEUSD currently trading at $0.000001084 territory. Chart: TradingView.com Navigating PEPE’s Volatility Amid Market Pressure And External Influences Even though the market is placing enormous pressure on PEPE, investors might see an open opportunity on the 50% retracement level. The bulls are attempting to hold the price of the token between $0.00000103 and $0.00000113 price levels. This gives the bulls a strong support level to bounce toward $0.00000129, which will open the door to further gains. However, the price movement is delicate and will be subject to external forces. With the PEPE\u2019s correlation with ETH moving upwards at a steady rate, we might see the token mirror the top altcoin\u2019s price movements in the coming weeks.\u00a0 Investors should also monitor the dev team\u2019s recent moves in the world like the aforementioned 418 billion token transfer to Binance. These decisions by the team will have significant and long-lasting effects on the bullishness of PEPE. For now, investors should brace for further drops in price as the majority of the household names of crypto have suffered big losses in the past few days.\u00a0 Any positive development in the broader crypto market will provide a crucial boost for PEPE investors to keep their portfolios on the green.\u00a0 (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Shutterstock<\/p>\n","protected":false},"author":557,"featured_media":562881,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88382,83379,3],"tags":[134,10768,15845,88145,3505],"class_list":["post-562866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","category-binance-coin","category-news","tag-altcoin","tag-binance","tag-cz","tag-pepe","tag-price-analysis"],"acf":[],"yoast_head":"\nBinance Turmoil Sends PEPE And Altcoins Tumbling In Crypto Crisis<\/title>\n<meta name=\"description\" content=\"The altcoin market experienced significant downward pressure as the crypto world was shaken with Binance CEO and founder Changpeng Zhao and Binance itself\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Binance Turmoil Sends PEPE And Altcoins Tumbling In Crypto Crunch","url":"http:\/\/wncen.com\/news\/binance-coin\/binance-turmoil-sends-pepe-and-altcoins-tumbling-in-crypto-crunch\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/binance-coin\/binance-turmoil-sends-pepe-and-altcoins-tumbling-in-crypto-crunch\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/a-155.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/a-155.png?fit=416%2C201"},"articleSection":"Binance","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","binance","cz","pepe","price analysis"],"dateCreated":"2023-11-28T09:30:58Z","datePublished":"2023-11-28T09:30:58Z","dateModified":"2024-06-11T10:12:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Binance Turmoil Sends PEPE And Altcoins Tumbling In Crypto Crunch\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/binance-coin\\\/binance-turmoil-sends-pepe-and-altcoins-tumbling-in-crypto-crunch\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/binance-coin\\\/binance-turmoil-sends-pepe-and-altcoins-tumbling-in-crypto-crunch\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/a-155.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/a-155.png?fit=416%2C201\"},\"articleSection\":\"Binance\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"binance\",\"cz\",\"pepe\",\"price analysis\"],\"dateCreated\":\"2023-11-28T09:30:58Z\",\"datePublished\":\"2023-11-28T09:30:58Z\",\"dateModified\":\"2024-06-11T10:12:55Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/a-155.png?fit=416%2C201","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/562866"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=562866"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/562866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/562881"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=562866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=562866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=562866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}