Meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are at bearish crossroads, facing further losses. Both on-chain and derivatives data suggest that large wallet investors and retailers are reducing their risk exposure, boosting the supply pressure.
Dogecoin (DOGE) is up 3% on Monday as House of Doge revealed it plans to go public on the Nasdaq through a merger with Brag House Holdings (TBH).
Meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are taking a breather after two days of recovery. The derivatives data indicate elevated retail interest amid the general anticipation of a crypto market rally in October.