Meme coins PEPE and WOJAK crash after the craze
The meme coin craze started by PEPE appeared around the end of April this year. New meme stars including PEPE, WOJAK, AIDOGE, and Turbo all saw big surges, but the craze was short-lived.
Since PEPE was listed on exchanges in early May, it has fallen by 60% from its peak.
PEPE daily chart
However, about two months later, a new batch of MemeCoin 2.0 emerged. In the past week, it has been actively traded on decentralized exchanges (DEX), and its price has easily soared despite the suspected manipulation of its supply.
What is PEPE2.0? The new meme coin FLOKI2.0 is launched
Including PEPE 2.0, FLOKI 2.0 and bobo 2.0, which imitate the previous generation of meme coins, they have been issued in the past week. According to DEXTools, the relevant data is as follows:
6/27｜PEPE 2.0: 0.000000134709 USD (24-hour increase of 33.1%)
7/3｜FLOKI 2.0: $0.00000000031 (254.76%)
7/5｜SHIB 2.0: $0.00000000019 (26.56%)
7/4｜DOGE 2.0: 0.0₇2 USD (12,042.3%)
7/5｜BTC 2.0: $0.04 (30,488.7%)
7/5｜ETH 2.0: $0.00028 (4,438%)
PEPE 2.0 has seen an astonishing increase since its liquidity deployment.
PEPE 2.0 daily chart
Analytics Platform: Early Buyers Monopolize Supply
The on-chain address analysis tool Bubblemaps pointed out the anomaly of PEPE2.0. Early buyers may have monopolized most of the supply when PEPE 2.0 was first issued and sold tokens slowly.
With controlled circulation and buyer demand, the price of the currency has risen sharply.
Bubblemaps also pointed out that the whale wallets that continue to sell PEPE 2.0 are all related to the three wallets of the deployer.
Popfloki Baby Baby 2.0 Baby 2 Soldier
