The MEME Leader that Soared 3100% in a Year - PEPE [Is There Still an Opportunity]
Today, let's take a look at this year's very popular MEME track leader [PEPE]
It is a MEME coin, similar to DOGE and SHIB, and is the top choice for major MEME hoarders. The recent increase has been quite good, rising from 0.00000771 on November 1 to a peak of 0.00002754 on December 9, a 2.5 times increase in 39 days. It has currently retreated to 0.00002508, and the market cap of PEPE has reached 10.56 billion USD, ranking 20th by market cap. Today, let's see why it is so strong.
PEPE is a deflationary meme coin launched on Ethereum. This cryptocurrency was created to honor the “Pepe The Frog” internet meme created by Matt Furie (the meme became popular in the early 21st century).
The project aims to create an investment product similar to meme coins like Shiba Inu and Dogecoin and strives to become one of the top cryptocurrencies in the meme field. PEPE employs the following methods to attract cryptocurrency enthusiasts, including: a no-fee policy, a redistribution system favorable to long-term investors, and a destruction mechanism to maintain the rarity of PEPE tokens.
Project Background
It is worth noting that in August 2023, PEPE's price plummeted by 20%, and founder Testa faced scrutiny, with reports indicating that he and team members had stolen over 15 million USD worth of PEPE from the project's multi-signature wallet.
Details and Destruction of PEPE Coin
The maximum supply of the token is as high as 420,690,000,000,000 tokens.
It is currently fully circulated.
At present, PEPE's holders remain strong, believing in PEPE and holding large amounts.
The whale holdings have not significantly decreased, indicating that whales still hold fantasies about PEPE, which may lead to further price increases of the token.
Social Media Data
X platform [Twitter]: 720k followers, with an average of about 200k views per post.
PEPE official website: 88.7K, Financial category ranking #2729 [growth is still quite good]
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