Ethereum Plummets 8% After $1.5B ByBit Hack; FloppyPepe AI Meme Coin Soars

The Ethereum price has experienced a significant decline of 8% following a security breach at ByBit's wallet, which has raised concerns among investors about the short-term stability of the cryptocurrency. However, while Ethereum faces headwinds, an AI meme coin called FloppyPepe (FPPE) has garnered considerable attention from investors and analysts alike, who predict a staggering 5,649% rally for the coin.

The recent hack at ByBit's wallet, orchestrated by the Lazarus hacker group, resulted in the theft of approximately 10,000 ETH, valued at nearly $1.5 billion. The scammers employed a wallet replacement scheme to mask the transactions and distributed the stolen coins across 39 wallets. Analysts warned that if the assets were sold, the Ethereum price would likely experience a major drop.

Following the hack, the Ethereum price initially dropped by 4.5%, and subsequently, it declined sharply by 8%. Crypto experts have referred to this incident as one of the largest hacks in the Web3 space and have taken the opportunity to remind traders of the classic crypto rule: "Not your keys, not your coins."

In contrast to the Ethereum price decline, FloppyPepe (FPPE) has emerged as a breakout player in the booming AI meme coin sector. Top analysts and popular crypto YouTubers, such as NASS CRYPTO with over 1 million subscribers, have spotlighted FloppyPepe (FPPE) as an AI gem to watch closely. The AI meme coin's strong presale demand, vibrant community support, and promising tokenomics have positioned it for significant growth.

At its core, FloppyPepe (FPPE) stands out by integrating two powerful AI agents. The first is an AI text-to-image generator, which has already launched on Telegram, allowing users to create custom images with just a few prompts. The second is an AI video agent that enables users to generate video content effortlessly. Compared to large-cap AI cryptos, FloppyPepe's relatively low market cap presents significant upside potential.

FloppyPepe's strategic presale at $0.0000002, with a stage-based pricing structure, rewards early supporters. The private sale phase concluded in just 24 hours, raising an impressive $907