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

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

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines