The cryptocurrency market is experiencing volatility, with notable developments surrounding Pepe Coin ($PEPE) and Unicorn Fart Dust ($UFD). Pepe Coin has seen a substantial drop in daily trading volume, plummeting from $18 billion in November to approximately $1.4 billion. Despite this decline, the coin has managed to maintain a position among the top ten crypto subreddits. Meanwhile, the newly launched $UFD is gaining attention, with reports of derivatives being developed for it. Analysts are observing mixed signals in the charts for both coins, indicating uncertainty in their future performance. Additionally, a new Ethereum Layer 2 memecoin, $PEAP, is generating excitement due to its innovative features aimed at enhancing transaction speed and reducing fees, further contributing to the ongoing meme coin trend.