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Pepe is a new meme coin that uses blockchain technology and the iconic Pepe the frog meme to give holders a unique user experience. This coin is currently commanding the attention of profit-seekers in the cryptocurrency market.
This new meme coin has turned around the poor momentum that the cryptocurrency market faced over the weekend.
The emergence of Pepe coin
There seems to be an emergence in the meme coin industry, and its name is PEPE. It has emerged with the kind of rally that has not been seen since the bull market in 2021. Pepe is a new meme coin that enters the market as a competitor to existing meme coins like Dogecoin.
PEPE’s market capitalization has risen to approximately $146 million with over 24,500 unique holders since it began trading. According to CoinMarketCap, the price of the latest meme coin sensation, PEPE, has increased by 1000% in the last two days.
What Pepe really is?
Pepe coin ($PEPE), put simply, is just another meme coin that uses “Pepe the Frog” as its mascot. The recent PEPE rally is similar to the Shiba Inu and Floki Inu rallies, which grew after the meme coin story gained traction.
Unlike other new coins, the debut of the PEPE coin was conducted quietly, and there was no presale, no taxation or fees, and no loss of LP.
🐸🐸🐸ATTENTION🐸🐸🐸
we found $Pepe gifs on twitter
previously thought pepe was censored from twitter gifs, but if you search “fren” “feelsgoodman” “feelsbad” “feels bad man” they exist!
Reply with your favorite Pepe gifs⬇️⬇️ pic.twitter.com/OLCPKy2M2I
— Pepe (@pepecoineth) April 22, 2023
In addition, the developers of the coin have not burned any liquidity pools, nor have they revoked their contract in any way. In the case of Pepe Coin, 93.1% of tokens were sent to the liquidity pool, with LP tokens burned and the contract abandoned.
The remaining 6.9% is maintained in a multi-signature team wallet for future centralised exchange listings, bridges, and liquidity pools. The ENS name “pepecexwallet.eth” makes this wallet easily trackable.
PEPE whales make amazing profits
On the surface, $PEPE may appear to be just another meme coin generating hype, but a comprehensive on-chain analysis shows a surprising development. As noted by the analyst An Ape’s Prologue, the price increase has resulted in huge earnings for the meme coin’s unclear whales.
Whales have amassed close to 30 trillion $PEPE, worth approximately $10 million across thirteen accounts. Visit and learn to our guide to the best meme coins to buy here.
The value of Pepe crypto and its impact on the meme economy
Pepe coins have had a tremendous impact on the growing meme economy, illustrating once again how the most popular memes can evolve into digital commodities with value in the real world and thriving communities. The Pepe coin was created by the Pepe meme community.
Pepe brings to light, once more, the expanding influence that memes are having on the online and financial landscapes of today. A Pepe coin is a living example of the social significance that memes have in today’s culture as a result of their incorporation into popular memes.
It perfectly conveys the spirit of internet culture and demonstrates how digital expressions may go well beyond the area of mere entertainment, even penetrating the world of economics. Pepe currency offers major potential for growth and investment, drawing inspiration from Dogecoin’s spectacular growth.
It stands to gain from the same viral popularity that powered Dogecoin’s rapidly increasing development as a meme-based cryptocurrency. Investors and fans should keep an eye on Pepe as it establishes itself in the ever-expanding world of cryptocurrencies.
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Source: https://insidebitcoins.com/news/pepe-coin-explodes-100000