The cryptocurrency market and meme coin realm have a newcomer referred to as Pepe Coin that’s now the speak of the city. Inside simply a few days since its inception, PEPE has supplied its early buyers with a 2790% ROI, in line with CoinMarketCap.
The brand new meme coin takes inspiration from and options Pepe the Frog. The meme was created by Matt Furie for the web tradition and meme realm. Nonetheless, the brand new meme coin has no relation to Furie and isn’t his initiative.
Additionally learn: Shiba Inu (SHIB) Burn Rate Takes a Nose Dive, Only 22 Million Burned Last Week
The value of PEPE has shot up so excessive that it went from a low of $0.00000002764 on April 17, 2023, to an all-time excessive of $0.000000823, depicting a meteoric rise earlier than falling to its present worth. The cryptocurrency realm has heard the tales of some early Shiba Inu and Dogecoin buyers turning millionaires. Pepe Coin has additionally given some of its early buyers a hefty bag.
In such anticipation, merchants are pouring their funds into buying and selling the brand new meme coin to make some fast bucks. Whereas the reliability of PEPE is unknown in the intervening time, the buying and selling quantity signifies that the brand new cryptocurrency Pepe Coin is gaining consideration.
Pepe Coin buying and selling quantity up by 253%
The newest knowledge from CoinMarketCap reveals that the 24-hour buying and selling quantity of the brand new meme coin is up by 253%. It presently stands at $215 million and is buying and selling at a worth of $0.0000007085, up 65% within the final 24 hours.
The 24-hour buying and selling quantity exhibits fascinating numbers, as it’s proper behind Dogecoin, which has a buying and selling quantity of $254 million. The brand new meme coin has dethroned SHIB, whose buying and selling quantity stands at $72 million.
Additionally learn: PXL Wars: All You Need to Know About Cardano Ecosystem’s New Game
Nonetheless, the reliability of PEPE is unknown in the intervening time. Many declare the venture is a rug pull. Many even query how excessive it may go along with its 420 trillion circulating provide. Solely time can inform in regards to the future of this new common meme coin.