NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Pro-XRP Lawyer Shares Opinion PEPE Explosion, What Did He Say?

Usman Zafar
Usman Zafar
1 year ago
3 mins read
PEPE

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Pro-XRP lawyer John Deaton has dropped his opinions on PEPE while the viral meme coin’s investors brood over its massive price plunge.

The Pepe the Frog-themed meme coin became prominent immediately after launch, rallying 1,000% within the first two days.

Pepe’s performance and increasing popularity secured it a listing on Binance, further pushing its price by over 200%. However, some investors were uncomfortable with the sudden price surge and have been asking questions. 

Deaton Suggests PEPE Is A Calculated Scam

Pepe coin’s explosive price actions moved the crypto industry. Bullish investors leveraged the coin’s growing popularity to accumulate more, while others appear to seek opinions from industry figureheads. 

Related Reading: Shiba Inu Coin Holders Hit Hard As 80% Of Addresses Smothered In Red

In a tweet, John Deaton revealed that he received several DMs and emails from people requesting his thoughts on PEPE. Deaton retweeted DeFi analyst Chris Blec’s opinion on Pepe.

In Blec’s tweet, the analyst warned people that Pepe is a carefully planned scam in which the creators use investors as pawns in a much bigger game.

In his words, such games have consumed the lives of many. He, however, advised investors to wise up. Deaton retweeting Chris Blec’s comment regarding Pepe as his response to people raised some questions. 

Did the lawyer investigate before arriving at this conclusion, or did he trust Blec’s words for what it is?

The crypto community reacted to Deaton’s opinion, some in support while others disagreed. A Twitter user @StanzaErick said he doesn’t understand why people should ask a lawyer for investment guidance.

Another respondent Mark Hawkes, a pro-XRP crypto enthusiast, agreed with Deaton that projects like Pepe could wreck retail investors.

The Current Price Outlook

Meanwhile, the meme coin isn’t doing well at the moment. The token’s price has gone the opposite of the bullish performances recorded two weeks ago.

It has lost most of its 7-day price gain over the past few days. The data shows the meme coin is down 38.46% over the past seven days. That’s not all. Pepe favored the bears for most of last week, with a 31.3% price decline on May 9. 

Related Reading: Ethereum Loses Grip On $1,800: Will The Bulls Barge In To Save The Day?

On May 12, it registered a 26.9% price decline before adding a 22.9% price gain on the 13th and 9.1% on the 14th.

Staying true to form, Pepe’s price has declined by a further 10.4% in the last 24 hours, with the technical indicators, including the Oscillators and Moving Averages, flagging strong sell signals.

PEPE
PEPE falls drastically on the chart l PEPEUSDT on Tradingview.com

Pepe is currently trading below the 10-day exponential and simple moving averages, an indicator that the bears are in control. The possibility of the meme coin rebounding from the dump depends on the bulls’ ability to overturn the situation.

Featured image from Pexels and chart from TradingView

Tweet123Share196ShareSend
Usman Zafar
Usman Zafar

Usman Zafar

Skilled in crafting compelling content, with a deep enthusiasm for blockchain technology. I offer precise and easily comprehensible perspectives on cryptocurrencies, decentralized finance, and the ever-evolving landscape. Count on me as a reliable resource to remain informed about the latest advancements in the world of crypto.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

From PayPal to Best Wallet: The New Era of Peer-to-Peer Payments

From PayPal to Best Wallet: The New Era of Peer-to-Peer Payments

PayPal is reshaping the way money moves across apps, borders, and currencies with its new launch – PayPal Links. This...

Aaron Walker 2 hours ago
Bitcoin

Gold Bug Peter Schiff Calls Bitcoin’s Rally Overdone

Peter Schiff, the outspoken gold advocate, warned that Bitcoin may be “topping out” as traders await a Federal Reserve decision...

Christian Encila 3 hours ago
dOGECOIN

Imetniki Dogecoina in Pepeja se obračajo k Pepenode

Trg meme kovancev se trguje na podlagi časovnega razporeda, zgodb in pozornosti. Vlagatelji, ki razumejo to dinamiko, lahko dosežejo znatne...

tanjapotocnik 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

This Is The Key Level That Stands Between The Ethereum Price And A Surge To $5,000

Scott Matherson 31 minutes ago
BNB

BNB Chain Projects Lead Binance Wallet With 2,000x IDO Returns

Rubmar Garcia 45 minutes ago
Is Trump te laat met FED rate cuts? Bitcoin koers blijkt top te hebben bereikt

Is Trump te laat met FED rate cuts? Bitcoin koers blijkt top te hebben bereikt

Lars Diederiksen 2 hours ago

Premium Sponsors

Press Releases

  • ビットコイン 今後の価格予測:119,500ドル突破を前に戦略的買い増し

    ビットコイン...

    1 hour ago
  • パイネットワーク 価格とカルダノの動向

    パイネットワーク...

    2 hours ago
  • Arderile masive de tokenuri continuă la Wall Street Pepe – deja au dispărut 3,6 miliarde WEPE și numărul este în creștere

    Arderile masive de tokenuri continuă la Wall Street Pepe...

    3 hours ago
  • Masivna spaljivanja tokena nastavljaju se u Wall Street Pepe – nestalo već 3,6 milijardi WEPE i brojka raste

    Masivna spaljivanja tokena nastavljaju se u Wall Street...

    5 hours ago
  • bitcoin price

    Đợt Bull Run Tiếp Theo Có Thể Đưa Giá Trị Lên...

    5 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.