Meme Cryptocurrency Pepe Coin Soars with 2,790% ROI in Just Days
Pepe Coin, a cryptocurrency and meme coin world newcomer, has garnered significant attention lately.
According to CoinMarketCap, early investors have seen a return on investment of 2,790% in just a few days since its creation.
The new meme coin draws inspiration from Pepe the Frog, a well-known meme in internet culture, although it is not associated with its creator, Matt Furie.
Pepe Coin’s price has dramatically increased, starting at $0.00000002764 on April 17, 2023, and rising to an all-time high of $0.000000823 before dropping to its current value. Some early investors have profited handsomely, and traders are investing in the hope of making quick profits.
CoinMarketCap data shows that Pepe Coin’s 24-hour trading volume has risen by 212% to $444 million, with a price of $0.000001189, up 99% in the last 24 hours.
READ MORE: Bitcoin Whales Quietly Accumulate $2 Billion During Recent Dip
Although it is currently the second-highest traded meme coin, behind Dogecoin, some question the coin’s reliability and suggest it may be a rug pull due to its large circulating supply of 420 trillion.
Only time will tell how Pepe Coin will fare in the cryptocurrency market.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
