This article is about blockchain, business and technology news. Here is the summary:

According to blockchain analytics firm Lookonchain, a crypto investor turned a $27 investment in Pepe memecoin into a phenomenal $52 million profit. The investor moved 2.1 trillion PEPE tokens that had been dormant for 600 days to a new address. Despite having no intrinsic benefit, memecoins have created many new millionaires. Pepe is the second best performing cryptocurrency in 2024, up 1,600%. The success of memecoins is seen as a symptom of the younger generation’s disillusionment with the financial system. Share your thoughts in the comments.