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%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

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.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 562. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

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.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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
Sumber: Utoday_en - 🏆 295. / 63 Baca lebih lajut »