Just about four months ago, the entire crypto market was agog with the Pepe coin (PEPE) massive rally. A few months later, investors now think twice before putting their money on Pepe coin. Harsh reality, but it’s how crypto could get. And that underlines the importance of doing your research before investing in a token.
Pepecoin’s launch was a stellar outing for the coin, regardless of how its post-launch events have turned out. The coin is currently declining, compounded by a string of internal crises that rocked PEPE’s price.
What was once a fairy tale is becoming a nightmare. What’s the story like, though? We’ve got news for you!
Pepecoin (PEPE) Price Dip: PEPE Taking A Bow?
Pepe coin (PEPE) launched on the back of momentum from Pepe the Frog’s fame early in 2023, and the token raked up the most impressive launch in recent times. With a 150,000% price rally, early investors on the PEPE network have to be the happiest of the bunch, particularly those who cashed in before the big dip.
Pepecoin’s story has been similar to that of many meme coins, except for the spectacular launch. Most meme coins generally fade out of existence after their presales or launches, and crypto analysts have put it all down to a lack of real-life use cases in the protocol. Pepe coin (PEPE) had plans, no doubt, but they were taking too long to implement. Some investors got spooked by the early signs of a decline in June, and by July, the PEPE price was on a mudslide, about 70% off its peak value.
However, the PEPE price drop was not as profound until news of a massive sale of PEPE tokens broke late in August. According to reports from CoinDesk, some rogue developers altered the settings on a multi-signature wallet holding 26 trillion PEPE coins, withdrawing 15 trillion tokens to various exchanges for sale. The consensus statement was that it was a rogue action, but recent speculation says otherwise.
Several analysts have commented that the mass withdrawal could be a step in a huge rug-pull scam. While there is no evidence to show that there was truly a rug pull, the rumor has had an immense impact on the Pepecoin (PEPE) price. Many investors have lost confidence in the project and want out of the platform now, and the PEPE price looks headed for zero.
PEPE’s price is dipping fast, and its former investors are looking for better investments in the meme coin sector. Anarchy (ANA) is on hand to deliver massive profits this year, as its presale promises a certain bonus at each stage. Of course, that’s not all the meme coin has in store for its users on profits.
Stay tuned for more!
Something huge is coming.
If you see this 👀
Then your early! pic.twitter.com/HssZ4ywwrJ— ANARCHY (@anarchycoineth) June 10, 2023
Anarchy (ANA): Ending 2023 On A High Note Starts Here!
Pepe coin (PEPE) followed the typical meme journey, and as we can see, things aren’t looking nice in that camp. Crypto users often associate meme coins with a pump-and-dump syndrome, which indicates how unstable the meme market could get, even with proper analysis.
The Anarchy (ANA) project intends to deviate from that narrative, and its plans for a DAO and utilities will ensure the token stays on top of market trends. The platform will also run a deflationary protocol, where 0.5% of each transaction is burned to reduce the overall token supply.
The purpose of burning ANA tokens is simple. Like many meme coins, Anarchy (ANA) has about 69 billion tokens, and such a vast supply of tokens can affect the ANA price and market capitalization in the future. With the token burn mechanism in place, the ANA price will rise steadily, and token holders will gain passive income in the long run.
You must be wondering how to get your Anarchy (ANA) experience started already. Here’s how!
Anarchy (ANA) Presale News
Instead of waiting till after launch, here’s your chance to get the Anarchy (ANA) tokens before they sell out. Experts are touting the ANA price for significant spikes based on its presale performance and one-of-a-kind mission.
Get your ANA tokens here for $0.00027, and anticipate launch day!
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Source: https://www.analyticsinsight.net/dont-invest-in-pepe-coin-pepe-until-youve-read-this/