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What is Pepe Coin? Pepe Coin is a new type of meme coin launched in 2023. Inspired by the famous image of Pepe the Frog, Pepe Coin quickly attracted the attention of the cryptocurrency community because of its unique characteristics. : Deflation system: Pepe Coin Uses the PEPE token burning model, which gradually reduces supply and increases value over time. Decentralization: PEPE Meme Coin Built on the Ethereum blockchain platform, ensuring transparency, safety and not subject to the control of any organization. Active community: Memecoin PEPE Possesses a large community of fans and investors, always supporting and promoting the development of the project. Although it was launched on April 16, after just 3 days, PEPE price has grown by up to 21,000% and recorded a trading volume of 30 million USD.$PEPE
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Meme coin is popular with Bitcoin Digital currencies created for fun, without technology or applicability such as Dogecoin, Shiba Inu... all skyrocketed when Bitcoin peaked. Pepecoin (PEPE), a coin inspired by the image of a green frog, increased more than 7 times after just one week of trading in early March. This meme coin also entered the top 50 cryptocurrencies with the highest market capitalization, according to CoinMarketCap . Similar to PEPE, two long-standing meme coins of the market, Dogecoin and Shiba Inu, also recorded strong increases. Dogecoin more than doubled, from 0.085 USD to nearly 0.2 USD in just a few days. ShibaInu also more than tripled in just a short time. The capitalization of these two digital currencies at their recent peak is both over 20 billion USD. Other notable meme coins, like dogwifhat (WIF) or Floki, have all jumped. The rise of meme coins in a short time pushed the capitalization of this group to more than 50 billion USD. Meme coin is considered a joke in the cryptocurrency world. Digital currencies are created inspired by popular images on the Internet or events that take place in real life. Unlike cryptocurrency projects such as Bitcoin or Ethereum, meme coins were created for entertainment purposes, without any underlying technical value or solving any real-life problems. Most people play meme coin just for entertainment or speculation.
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According to Odaily, BlockTower Capital transferred 202.2 billion PEPE tokens, equivalent to $2.79 million, to Cumberland two hours ago. The move caused the price to increase by 25%, marking a historic high for the cryptocurrency. If sold within seven days, the profit would amount to $569,000, an increase of 25.6%. The transfer and subsequent price increase highlight the volatile nature of the cryptocurrency market and the potential for significant profits.
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Roadmap & updated version The initial development team shares the PEPE Coin development roadmap as follows: Phase 1: Launch and be listed on Coingecko and CoinMarketCap. The initial expectation is that more than 1,000 people own this coin and make PEPE trend on social networks, specifically Twitter. Stage 2: Listed on CEX exchanges. The goal is to reach more than 10,000 users. At the same time, build a PEPE token investor community. Phase 3: Develop and enhance new features such as Pepe Merch, Pepe Academy and Pepe Tools.
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