Meme coin PEPE is seemingly bouncing back after charting a series of red candlesticks over the past couple of days.
However, investors’ behavior and market conditions do not appear to support a positive outcome.
Meme Coin Investors Could Opt to Sell
PEPE’s price barely holds above the critical $0.
Louisiana Governor Jeff Landry signed a bill to prohibit central bank digital currencies (CBDCs) and protect crypto mining on June 19.
The bill, HB 488, prevents governing authorities from accepting or requiring payments in CBDCs.