What happened?
Global markets slid on U.S. regional bank fears and broader economic worries, and that weakness spilled into crypto. XRP, Pi Coin, and Shiba Inu all saw heavy losses in the last 24 hours and double-digit drops over the week. At the same time, a new presale token, PEPENODE, has raised about $1.8 million and is building momentum ahead of launch.
Who does this affect?
Retail and institutional investors holding XRP, PI, and SHIB are facing reduced portfolio values and heightened short-term risk. Traders who trade off technical levels are under pressure if key supports like XRP’s $2.20 (and lower levels) don’t hold. Early-stage speculators and yield-seekers may pivot toward presale projects like PEPENODE, while exchanges and fund managers watch ETF developments closely.
Why does this matter?
The drop intensifies risk-off sentiment and can squeeze liquidity, making further downside more likely unless positive catalysts arrive. Launches of XRP ETFs or other institutional products could channel big inflows into top altcoins and spark a sharp rebound, but without that demand prices could slide to lower support levels. Meanwhile, strong interest in high-yield presales can redirect capital, increasing volatility and creating a short-term shakeout that reshapes who wins and loses in the market.