The altcoin market has been witnessing a 210x rally of Pepe Coin in recent weeks. Expecting a major correction from the top, meme coin has once again surprised investors.
Pepe Coin continues to lead the altcoin market
There has been another surprising development in the altcoin market. Pepe Coin has been recording unexpected double-digit rallies since its launch on April 17. The meme coin recently set the ATH level at $0.0000006343. The rise in prices has been a hot topic among altcoin investors and traders.
It looks like Pepe Coin will stay on the agenda for a while. According to CMC data, its price is currently rallying over 70%. This impressive increase caused the trading volume to surge to $58,480,898. This means an increase of 81.12% compared to its circulating supply. Interest in PEPE is driving the price higher, attracting new investors.
cryptocoin.com We mentioned that Pepe Coin made several of its investors millionaires within days. Still, there are some manipulation allegations about the project. It is also among the allegations that the price rally took place via a smart contract function where the team blocked the token sale.
Whales on the move
Lookonchain recently reported that 100 billion PEPE were exchanged for 21 Ethereum (ETH), which is currently worth $40,068.88 at the current market price. This news highlights the enormous potential of PEPE in the altcoin market.
However, there are those who benefit from the increased PEPE prices. According to a recent tweet by Lookonchain, one sells PEPE every time the price goes up. In fact, this trader has sold 800 billion PEPE coins, which is 14% of all coins. In his trades, he earned 117 ETH, equivalent to 221,500, with an average asking price of $0.0000002744.
Is Pepe Coin’s rally real?
According to their website, PEPE Coin aims to surpass Bitcoin. For a relatively new project, no other crypto project has come close to Bitcoin since 2008. Even Ethereum, the second largest crypto project, couldn’t come close. Converting Bitcoin. That’s a big, unrealistic promise.
Also, the people behind the project could not be found anywhere. Even when looking at domain credentials for websites, they went the extra mile to rearrange the information.
Additionally, according to Twitter user Louround, there are several unknown wallets that hold more than 5% of the total PEPE in circulation. If they decide to liquidate their wallets, the PEPE price will decline at the same pace.
What is Pepe Coin?
Pepe Coin is a relatively new cryptocurrency that has entered the market as a competitor to existing meme coins like Dogecoin. Unlike many other new coins, Pepe Coin has been quietly launched with no pre-sales or any related taxes or fees. In addition, its developers did not burn any liquidity pools and did not give up on their contracts.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.