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Last night, global risk assets plunged across the board, and $PEPE 's performance actually surprised me😯
BTC fell more than 6% over the past 24 hours, while PEPE was down only about 1.8% over the same period
It briefly dipped to around 0.00000463 intraday, then quickly recovered most of its losses and climbed back above 0.0000049
This is worth paying attention to👀
In theory, a sentiment-driven meme like PEPE should face greater selling pressure when global markets are gripped by fear; but this time, its relative performance was clearly stronger than BTC's, which at least shows that short-term selling pressure hasn't continued to weigh on its price
I've always liked using PEPE to gauge speculative sentiment in the market, and this time is no different
If BTC stabilizes and PEPE continues to show this relative strength, I'll prioritize watching for a rebound opportunity in it