Pepe and Book of Meme climb as renowned analyst dubs memes “new asset class”

The next wave of meme coin excitement looks set to take off as Pepe and Book of Meme embark on a steady upward trajectory.

This is enabled as the broader market acceptance of meme coins grows. Mechanism Capital co-founder Andrew Kang recently called meme coins “the emergence of a new asset class.”

The comment reflects an accelerating sentiment that meme coins are here to stay.

Currently, Pepe is trading at $0.000007579, finding support around $0.000007 after touching from lows of $0.000006 earlier last week.