Launched in mid-April 2023, PEPE is an example of a meme coin, nevertheless one of a different variety than the oft-popular doge or Shiba Inu marks. Memecoins—cryptocurrencies based on internet memes besides usually popularized and promoted by influencers or prominent figures in the space like Elon Musk—have drawn both investor attention and eye-rolls over a professed lack of seriousness.
PEPE LaunchPEPE’s official Twitter account designates the token as the “most memorable meme coin in existence,” in addition that the “dogs have had their day,” a reference to an earlier group of meme coins with the once-popular Dogecoin. As interest in the meme coin cultivated, the value of those tokens flowed to about $1.8 million by April 19, 2023, yielding a latent return of roughly 4,500 times the initial investment. Notably, the ticket has a socializing supply of 420,690,000,000,000 (420 trillion) coins. Of these, 93.1% have been sent to the liquidity pool, with the LP tokens being burned and contracts renounced. As a result, only 6.9% of the stock remains in a multi-sig wallet intended for use in CEX listings, ties, and liquidity pools.
Recent Market Activity of Pepe Coin
Pepe coin has seen a remarkable upsurge in its market capitalisation since its launch, now at almost $550 million. Read More-Best Meme Coins For Long-Term Crypto Investments In 2023
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