DeFI News by Thebittimes.Com

The Hawk Tuah price plummeted 18% in the last 24 hours to trade at $0.005181 as of 02:50 p.m. EST on trading volume that plunged to $23 million. This comes after the meme coin experienced a 91% drop after its launch amid insider trading allegations. Haliey Welch, the creator of the viral “Hawk Tuah” phrase, announced the coin’s release on her X account, with traders jumping in. Hawk is live!!! HAWKThXRcNL9ZGZKqgUXLm4W8tnRZ7U6MVdEepSutj34 pic.twitter.com/9GFgYwpeFA — Haliey Welch (@HalieyWelchX) December 4, 2024 HAWK dropped from a $500 million market cap to $60 million in around 20 minutes after launch. One trader on X reported losing $43K. i really lost $43k apeing in “hawk tuah” coin pic.twitter.com/9j4frI37p8 — lynk (@lynk0x) December 5, 2024 Hawk Tuah Aiming For A Bullish Trend Reversal According to Hawk Tuah price Analysis on the 15-minute chart, HAWK initially rallied after its launch but underwent a prolonged correction foll...

The Pepe price slumped 14% in a week and 1% in the last 24 hours to trade at $0.000008089 as of 00:28 a.m. EST on trading volume that surged 8% to $1.1 billion. This comes as the meme coin sector gained 2% to reach a market capitalization of $61 billion, according to CoinGecko .  Pepe Price Aiming For A Bullish Trend Reversal The Pepe price chart shows a long-term descending triangle pattern. This pattern is generally bearish but can lead to a breakout in either direction if there’s enough volume and momentum. The price is approaching the triangle’s apex within the $0.000008089 support, where it often breaks out, according to data from GeckoTerminal . As a result of the downtrend within the triangle, the price of Pepe now trades slightly below both the 50-day and 200-day Simple Moving Averages (SMAs). However, the 50-day SMA is now closing in on the 200-day SMA, which might form a golden cross in the coming days, a signal that the price of Pepe might be headed tow...