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The Hidden Controversy Behind Pepe's Status Nobody Talks About From its debut in April 2023, Pepe Coin, or $PEPE, has stirred up various debates. This cryptocurrency, born from Ethereum and inspired by the internet meme Pepe the Frog, has sparked discussions due to its unique nature. In contrast to previous meme-based currencies, PEPE aims to rival Shiba Inu and fully embraces its meme identity, openly stating it lacks intrinsic value. Originating from the iconic Pepe the Frog meme, the currency leveraged the existing community and fanbase. To capitalize on the meme currency trend, Pepe Coin adopted strategies like tax-free policies and aggressive marketing. However, troubles arose when Matt Furie, Pepe the Frog's creator, filed a lawsuit against $PEPE for copyright infringement in June 2023. Furie argued that the cryptocurrency violated Pepe's trademark and diluted the original joke's purity. This legal battle negatively impacted Pepe's reputation. Beyond copyright issues, $PEPE faced accusations of being a pump-and-dump scam due to its lack of fundamental use. Critics claimed it mimicked patterns of other pump-and-dump schemes, and users criticized its similarity to Shiba Inu and Dogecoin. Further complicating matters, a security breach in the official Pepe Coin Telegram channel occurred in August 2023. A cyberattack resulted in a significant loss of $PEPE tokens and exposed personal information. This breach damaged trust and market standing. Presently, Pepe trades at 0.00000090 dollars, experiencing a 3.19% decrease in the last twenty-four hours. Despite challenges, Pepe Coin retains its 130th market capitalization position. Analysts project a positive market outlook in the coming months, but the cryptocurrency must overcome its turbulent past to regain user trust. #Write2Earn #PYTH #cryptosolutions View less PEPE-2.17%
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