Pepe Coin rallies 1,000,000 percent

Crypto traders on Twitter, known for their interest in meme-themed cryptocurrencies, are shifting their attention from Shiba Inu-inspired tokens to those based on the internet meme Pepe the Frog. A new cryptocurrency called Pepe (PEPE) was launched on Sunday and has experienced a rapid surge in value, increasing by over 100000% in just five days. It achieved $110 million in trading volumes on Uniswap and reached a market capitalization of $160 million on Wed morning. The Pepe website describes the token as "the most memeable memecoin in existence" and suggests that it's time for Pepe to take over from dog-themed tokens.

The Pepe token quickly gained popularity, with data from Etherscan showing that it had 29,000 individual holders by Wednesday. The token's circulating supply is set at 420 trillion, a nod to "4/20," a term associated with cannabis culture. Despite being intended as a joke, the token has attracted significant trading activity, with over $1.3 million in liquidity locked up in a Uniswap trading pool for Pepe tokens. The tokens are not officially associated with the original Pepe the Frog meme or its creator, Matt Furie.

The Pepe the Frog meme, featuring a green frog with a humanoid body, originated from Matt Furie's 2005 comic Boy's Club and later became a viral internet sensation. The crypto community has a history of embracing meme-themed tokens, such as dogecoin (DOGE) and shiba inu (SHIB), which achieved substantial market capitalizations during previous bull markets. However, many such tokens tend to have short-lived popularity.

A trader supposedly turned 250 in PEPE into 1.5 million.

Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.