The popular meme coin Pepe ($PEPE) has experienced a significant price drop, with a 4.4% overnight loss and a 17% decline over the past week. This is a stark contrast to the sector leader Dogecoin ($DOGE), which fell by 1.6% overnight and 11.3% over the week. The decline in Pepe's price is not isolated, as the broader cryptocurrency market has also seen a dip, with Bitcoin ($BTC) losing 1% overnight and 6% over the week.

The recent price action of Pepe is a significant departure from its rising support throughout May, which helped the token rally to an all-time high of $0.00001717 on May 27. Since then, stiffening resistance has driven the token back about 30%, but it has still largely kept its gains. However, Pepe's falling relative strength index of 32 is close to the oversold threshold of 30, indicating that the post-ATH price correction/sell-off may continue.

Meanwhile, a new wave of viral Solana meme coins is gaining traction, with Sealana ($SEAL) emerging as a potential contender to eclipse Pepe. Sealana is a semi-aquatic homage to Gamer Guy, a character from South Park's World of Warcraft episode, and has already raised over $4 million since its presale launched two months ago. The token is set to conclude its presale on June 25, offering investors a last chance to get in early before potential post-listing appreciation.

Investors who want to prepare for potentially blistering returns have eleven days to snap up $SEAL at a fixed presale price of $0.022. At the current price, a $100 investment yields around 4,545 $SEAL tokens. If the price rises to $1, that same $100 investment would become worth over $4,500. Should the price reach $5 per SEAL, a $100 investment would skyrocket to over $20,000 – incredible returns for early investors.

As Pepe's price continues to sink, investors are flocking to Sealana, the hottest new meme coin in the crypto market. With its unique character and potential for significant returns, Sealana is poised to take the spotlight and become the next big thing in the world of meme coins.