Traders are increasingly drawn to early-stage tokens like Bitcoin Pepe for speculative momentum, with the project having raised over $12.7 million.
Bitcoin and Ethereum dropped after US President Trump's trade deal accusations against China, adding uncertainty to the market already rattled by trade disputes.
FTX Recovery Trust set to distribute $5 billion in cash and stablecoins to creditors, potentially fueling a market recovery according to analysts at Coinbase.
The upcoming FTX repayments, delivered in stablecoins, could benefit major cryptocurrencies and speculative tokens like Bitcoin Pepe, which is nearing the end of its presale.