. The asset had already been struggling, having reached its June 16 bottom, effectively nullifying all the gains it had made over the summer. This latest incident has only added fuel to the fire, making recovery an uphill battle for the beleaguered coin. Investors who were riding the meme coin wave are now left to grapple with an uncertain future, as the asset's already limited liquidity is further compromised.
What makes this situation even more intriguing is the broader impact it could have on the meme coin sector. While the high volatility of meme coins can offer lucrative opportunities, it also comes with significant risks, especially when internal governance is shaky at best.Despite the drama, Pepecoin has secured its place among the top trending assets, albeit for reasons that leave much to be desired.