Ethereum Plunges as AlphaPepe's Presale Draws Attention

Ethereum dropped by 3.5% as investors turned their attention to AlphaPepe's presale entry, which has already raised $2.54 million and attracted over 11,300 holders.

The decline in Ethereum's price came as a broader crypto correction hit the market, with macro conditions driving much of the weakness. The dollar and short-term Treasury yields rose, pushing prices down across risk assets.

AlphaPepe, on the other hand, remains priced at $0.02845 in Stage 20 and is expected to launch on a DEX in Q1 2027 with a listing price starting from $0.08. This represents a potential 2.81x increase for early investors.