cryptocoin.com As we have reported, PEPE Coin (PEPE), one of the leading altcoin projects of recent days, continued to gain popularity with the support of many investors and saw a great rise in its social activities. However, there are many analysts who still think that PEPE is a ‘scam’. So what do these crypto experts stand for when they call PEPE a scam project? Here are the details…
Cryptocurrency experts explained: “The popular altcoin PEPE could be a ‘scam’!”
Chris Blec, a prominent crypto advocate and founder of DeFi Watch, suggested that Pepe did not come about by accident. According to Chris Blec, “big money, powerful people and careful planning” make up for ‘scam’ projects like PEPE. The DeFi Watch founder claimed that Pepe’s retail investors are pawns in a much larger game.
Another name who states that PEPE is a ‘scam’, that is, a fraud, is described as CryptoLaw founder lawyer John Deaton. It seems interesting that Deaton pointed to Blec’s remarks in response to tons of emails and DMs from people asking for his opinion on PEPE.
On the other hand, Yassin Mobarak, the founder of the private equity firm Dizer Capital, described PEPE as a ‘scam’ project. Mobarak called the Pepe token a trojan designed to make the crypto market worse, just like crypto exchange FTX. The expert stressed that the playbook of projects like Pepe often follows a similar pattern. These steps include promoting a scam project, pumping it until it attracts naive investors, and blaming crypto for being dangerous, using and repeating the event to strangle the entire industry.
Outperformed many cryptocurrencies
Digital Asset Investor, another name that turns to cryptocurrency projects on Youtube, questions why the United States Securities and Exchange Commission (SEC) does not investigate meme coin projects like PEPE. However, Digital Asset Investor noted, “I often wonder if some of these meme coins were designed by the government to keep the focus on the shady side of crypto.” The team behind Digital Asset Investor’s official Twitter account made this statement in response to statistics about Pepe shared by famous XRP influencer Mr.Huber (@Leerzeit).
The closely followed name stated that despite being launched less than a month ago, Pepe has more trading volume than top crypto assets such as XRP, Cardano (ADA), Algorand (ALGO), Quant (QNT) and Hedera (HBAR). .
How did Pepe Coin come about?
Pepe Coin was launched by an anonymous user on April 16, 2023. Unlike most Coins, Pepe did not have a pre-sale. According to CoinMarketCap data, PEPE is up 6,140 percent from its all-time low of $0.00000002764 since its launch. At the time of this writing, Pepe is trading at $0.000001706.
However, despite being launched less than a month ago, Pepe ranks as the third largest meme coin with a market cap of $667.6 million. PEPE ranks behind only Shiba Inu (SHIB) and Dogecoin in the largest meme coin ranking. Pepe’s massive rise to fame has caught the attention of top crypto exchanges. Top exchanges such as Binance, KuCoin, and Coinbase have listed the coin due to its growing popularity.
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.