What is Pepecoin? Meme token hit $1.6 billion market cap, crashed 70%

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What is Pepecoin? Everything you need to know about the meme token that notched a $1.6 billion market cap then crashed 70% within days

" but was actually likely a result of speculators wildly pumping – proved short-lived.

broader crypto sell-offSince its launch, Pepecoin has traded at just a fraction of a cent – but a circulating supply of nearly 392 trillion tokens means it's still the 66th-largest cryptocurrency by total valuation even after its recent losing streak, per CoinMarketCap.Meme coins – or"shitcoins", if you're a crypto sceptic – are tokens that have zero underlying value but are still popular with traders because of their links to well-known memes.

 

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