Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
PEPE Memecoin: Trend or Long-Term Potential?
- Pepe’s memecoin has garnered 155K tweets and retweets.
- The token’s total supply is capped at 420,690,000,000,000 PEPE.
The long-established meme character, Pepe the Frog, has been generating buzz on crypto Twitter recently. Fans of this iconic meme are growing weary of the incessant Shiba Inu dog memes and cryptocurrencies. Pepe’s memecoin has become a focal point in the Twitter and Reddit crypto circles, amassing 155K tweets and retweets.
10,000 holders
$pepe pic.twitter.com/vZoXTboaf3
— Pepe (@pepecoineth) April 18, 2023
The official website of the token outlines a roadmap divided into three distinct phases. Remarkably, within just four days of its launch, the Pepe token accomplished the objectives of its initial phase. This included reaching over 1000 holders, securing listings on CoinGecko and CoinMarketCap, and gaining recognition on Twitter.
The marketing strategy for the frog token aims to establish it as a substitute for all doge-themed tokens. Furthermore, the ‘About’ section of the official website mentions:
“Pepe is weary of observing everyone engage in a game of hot potato with the endless derivative ShibaCumGMElonKishuTurboAssFlokiMoon Inu coins. The Inu’s have had their moment. It’s time for the most recognizable meme in the world to claim his title as king of the memes.”
Current statistics from Etherscan indicate that Pepe crypto has over 11K holders, with the token’s maximum supply being 420,690,000,000,000 PEPE. In the days following its launch, the token has experienced significant growth. In the last 24 hours since its listing on CMC, the trading price stands at $0.00000008648, reflecting an increase of over 50%.
Cryptocurrency analysts remain skeptical about this development, viewing it as yet another joke coin lacking any substantial real-world utility. Following dogs and frogs, what might be next?
$pepe pic.twitter.com/vZoXTboaf3