#pepe news details :
okens like pepe 2.0, floki 2.0, and bobo 2.0 are seeing trading volumes jump to millions of dollars, attracting hundreds of thousands of dollars in liquidity and turning a few #dollars to six-figure fortunes almost overnight.
These tokens are mostly issued in the past week and are passing themselves off as new versions of the popular pepe, #floki and bobo tokens.
Anyone can call a smart contract and issue tokens on #Ethereum (or other blockchains) for a few cents, and the presence of decentralized exchanges means tokens can instantly be issued, supplied with liquidity and traded soon after.
As of Tuesday, pepe 2.0, seemingly the most popular of the clones, saw nearly $7 million worth traded in the previous 24 hours. It sported a market capitalization of $18 million, down from a peak of $45 million last week.
One wallet turned $900 of an initial pepe 2.0 purchase into over $176,000 in less than 24 hours. Analysis shows the wallet took profits on this position by selling in 2 ether (ETH) clips as the token rose.
On-chain analysis tool Bubblemaps has pointed out the centralized behavior of some early buyers who likely cornered a large part of the pepe 2.0 supply at launch and are gradually selling the tokens. That concentration may have contributed to the large price pump amid buying demand and significantly low sales from early buyers.
The real pepecoin (PEPE) is continuing to attract investors, with some large purchases extending gains of a nearly 80% rally over the past two weeks.
⚠️ Risk warning: These tokens are highly volatile and risky, and there is a high chance of losing money.
Do your own research before investing.
