PEPE memecoin hits $1 billion market cap fueled by Binance listing

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

A new memecoin called Pepe, drawing both its namesake and likeness from the iconic “Pepe” meme, has surged by over 85% in the last 24 hours to surpass a $1 billion market cap.

largely due to the vocal support for the token espoused by eccentric billionaire Elon Musk on Twitter.during the 2021 crypto bull market after using Dogecoin as a springboard for its popularity.

Due to the lack of any underlying fundamentals, investment in memecoins is extremely high risk and they are notorious for extreme volatility and major swings in value. A closer look at some of the on-chain activity from Pepe insiders points to some concerning trades.According to data from the blockchain analytics service Lookonchain, five addresses allegedly linked to the Pepe team made a $1.23 million profit in a thin liquid market. They purchased 8.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

In 2021, $DOGE surged by over 23,000%, mainly due to the vocal support for the token espoused by billionaire Elon Musk on Twitter. Similarly, $SHIB surged by over 1,250% during the 2021 crypto bull market after using Dogecoin as a springboard for its popularity.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 562. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Pepe (PEPE) Market Cap Skyrockets, Approaching $1 BillionIn an unexpected twist in the volatile world of cryptocurrency, Pepe (PEPE), a meme-inspired digital coin, is seeing its market cap skyrocket towards an impressive $1 billion
Herkunft: Utoday_en - 🏆 295. / 63 Weiterlesen »