Pepe Coin (PEPE) Rallies Despite Bitcoin (BTC) Correlation: A Billion-Dollar Meme Coin with Clever Economics on Ethereum Smart Contract.
Pepe (PEPE) has shown a correlation with Bitcoin (BTC) in its price movements over the past week, dropping when BTC did but rallying on Friday and into the weekend. Despite Bitcoin's recent price drop, Pepe coin has achieved an impressive market capitalization, surpassing $1.6 billion just 20 days after its launch. The Ethereum smart contract that powers Pepe coin includes deflationary supply, a burn mechanism, and a "no taxes" policy, making it an attractive investment for cryptocurrency investors. Pepe's success serves as an example of the potential for early investment in successful projects. To increase the chances of finding similar opportunities, it is recommended to stay informed of new coin listings and use platforms like Uniswap. Pepe's debut also validates the trend of meme coins like Dogecoin and Shiba Inu, and highlights the demand for Ethereum services to store savings. Furthermore, anyone can build a defi app and work with Ethereum without requiring approval or support from others.
Binance Adds Isolated Margin Pairs for SUI and PEPE Meme Coin, Lists UMA As Borrowable Asset on Cross Margin
Binance, the world's largest cryptocurrency exchange, has expanded its support for Sui Network's native token SUI and PEPE meme coin by adding new isolated margin pairs for both. In addition, the exchange has added UMA as a new borrowable asset on Cross Margin. Despite listing meme coins such as PEPE and FLOKI in Innovation Zone, Binance has not yet listed Shiba Inu's gas token BONE.
Shiba Inu Overtakes Pepe and Bitcoin to Claim Top Spot in LunarCrush's "Top 10 Trending Searches"
Shiba Inu has surpassed Pepe and Bitcoin to claim the top spot in LunarCrush's "Top 10 Trending Searches" list. LunarCrush, a social intelligence platform, released the list to showcase the hottest topics that have captured the online community's attention in the past 24 hours.
PEPE Memecoin Craze Triggers Scams and Controversies in Crypto Space
The memecoin craze has led to the creation of numerous scam tokens, with at least 10 memecoin scams observed by blockchain security firm PeckShield. Scammers are also targeting PEPE investors, with fake accounts infiltrating the official community Telegram group and posting links to fraudulent websites. Despite being hailed by Elon Musk, the memecoin has drawn controversy, with US crypto giant Coinbase describing the PEPE meme as a "hate symbol" co-opted by alt-right groups in an email newsletter to its customers. However, the newsletter has since been edited and Coinbase's chief legal officer has apologized for the mishap.
Memecoin Minting Madness Hype Fades as PEPE Prices Fall Back
The popularity of memecoins like PEPE is declining, which is good news for Bitcoin users but not necessarily for investors. The frenzy of memecoin minting that congested the Bitcoin network has subsided, and PEPE has lost 60% of its value since its peak earlier this month. The market value of PEPE has dropped from $1.6 billion to around $720 million. This decline in memecoin speculation could indicate a local market top and may lead to multi-month drawdowns for Bitcoin and other cryptocurrencies.
From Comic, Alt-Right Symbol, to Meme NFT, to Viral Coin – The Pepe Journey
Pepe the Frog was originally created by artist Matt Furie in his comic book "Boy's Club" in 2005. However, during the 2016 US presidential election, the character was co-opted by online communities to spread hate speech and racist ideologies. In response, Furie launched the #SavePepe campaign to reclaim the character and promote a new narrative of positivity. Despite Pepe's negative connotations, Furie has secured legal victories and plans to resurrect the character in a new comic book. Pepe has also found success in the cryptocurrency realm, with an exclusive collection of NFTs fetching prices exceeding $100k.
Pepe The Frog: The New Memecoin Taking the Crypto Market by Storm
Pepe The Frog, a new memecoin launched on April 14th, has quickly gained a market cap of $691 million and has been a hot topic in the crypto community on Twitter.
Smart Money Makes $2.2 Million Profit on PEPE, Buys Another 1.33 Trillion PEPE for $2.1 Million
May 14 (Cointime) - Crypto analytics firm Lookonchain reported on Twitter that a smart money investor recently made a significant profit of 1,219 ETH (equivalent to $2.2 million) on meme coin PEPE. The investor then went on to purchase 1.33 trillion PEPE tokens again, spending 1,173 ETH (equivalent to $2.1 million) at a price of $0.000001586.
Unocoin Lists FLOKI and PEPE, Twitter Polls Suggest BONE Is Next To Be Listed on the Platform
Unocoin, a leading cryptocurrency exchange in India, has added two popular meme coins, FLOKI and PEPE, to its platform. Following their listing, Pepe has seen a 52.49% surge in just 24 hours, while Floki has also experienced a 3.77% increase in its price. Twitter polls suggest that BONE may be the next meme coin to be listed on Unocoin's platform. The addition of these meme coins could attract new investors to Unocoin and highlights the growing importance of meme coins in the cryptocurrency market.
PEPE, $SPONGE, and AiDoge: Meme Coins Show Promise for Investment Despite Bitcoin’s Recent Dip
The value of Pepe coin has increased by 33% to $0.000001644, along with other meme coins such as $SPONGE and AiDoge.com. Despite fluctuations in the market, bitcoin remains up 61% and above its 200-day moving average. Technical analysis is less important for meme coins due to their speculative nature, with momentum and sentiment being key factors. Pepe coin has already achieved a market cap above $1 billion, and other promising meme coins such as $SPONGE, Wojak, and Milady Coin are also gaining traction. Investors should consider dollar cost averaging and exploring presale opportunities for up-and-coming coins like AiDoge.com. $SPONGE has gained 41% in the past 12 hours and has secured eight exchange listings, making it a promising investment option.
