Pepe Coin Price Plummets as Negative Funding Rate Triggers Further Losses

The price of Pepe coin has plummeted, falling below crucial support levels and signaling growing bearish sentiment in the market. Several factors are contributing to this steep decline, including negative funding rates, declining open interest, and a shift away from long positions by institutional investors known as ‘smart money’. Analyst Jordan Blake explains key insights into this recent price action for Pepe coin in his latest report.