Pepe

As the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency sector</a> continues to grow, with new digital assets appearing every day, the newly created <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> PEPE has caught the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> community’s eye, and for a good reason, as it is already recording massive success, both in terms of its price and market capitalization.Indeed, thanks to the overwhelming popularity of the Pepe the Frog meme, the PEPE crypto, which was created on April 15, has already surpassed a $150 million market cap and continues to advance, as <a href="https://twitter.com/unusual_whales/status/1648720607272660992" rel="noopener noreferrer nofollow">observed</a> by the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> tracking platform Unusual Whales on April 19.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/bb91a625d66d4f2c9b89cef439f6941a.jpg" /><h2 id="header-0">Making millionaires</h2>Thanks to such explosive growth, one PEPE <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investor</a> managed to become a <a href="https://twitter.com/lookonchain/status/1648524295994494977" rel="noopener noreferrer nofollow">millionaire</a>, turning a $251 <a href="https://finbold.com/topic/investing/" rel="noopener noreferrer nofollow">investment</a> into millions in just several days, and investors continue to flock toward the digital asset they are hoping could repeat the success of other meme cryptos, such as Dogecoin (<a href="https://finbold.com/cryptocurrency/dogecoin/" rel="noopener noreferrer nofollow">DOGE</a>) and Shiba Inu (<a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a>).Specifically, the investor, known as SmartMoney, <a href="https://etherscan.io/token/0x6982508145454ce325ddbe47a25d4ec3d2311933?a&#61;0x4a2c786651229175407d3a2d405d1998bcf40614" rel="noopener noreferrer nofollow">spent</a> 0.125 Ethereum (<a href="https://finbold.com/cryptocurrency/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) to buy 5.9 trillion PEPE on April 15, turning themselves into a millionaire, as <a href="https://twitter.com/lookonchain/status/1648524295994494977" rel="noopener noreferrer nofollow">noted</a> by the blockchain analytics platform Lookonchain on April 19. Considering the price of the token at press time, this investment is now worth well over $2 million.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/401f5251fc1b407eabaefa3b6cd79c8d.jpg" />PEPE purchase that is now worth $2 million. Source: <a href="https://twitter.com/lookonchain/status/1648524295994494977" rel="noopener noreferrer nofollow">Lookonchain</a>At the same time, as the crypto community on Twitter noted, another user managed to make nearly $1 million (specifically $870,678 at press time) after putting in only $27 to buy more than 2.5 trillion PEPE on April 19, according to the <a href="https://twitter.com/3orovik/status/1648856769488142336" rel="noopener noreferrer nofollow">posts</a> shared by Twitter users lyx.eth and borovik.eth on April 19 and 20.Built on the Ethereum <a href="https://finbold.com/topic/blockchain/" rel="noopener noreferrer nofollow">blockchain</a>, PEPE is a powerful mix of decentralized <a href="https://finbold.com/category/technology-news/" rel="noopener noreferrer nofollow">technology</a> and meme culture, owing its surge to the widespread popularity of the meme featured on various social media platforms. Pepe the Frog himself originates in 2005 as a character in Matt Furie’s comic series, ‘Boy’s Club,’ and users in places like MySpace, Gaia Online, 4chan, and <a href="https://www.reddit.com/r/pepethefrog/" rel="noopener noreferrer nofollow">Reddit</a> have widely shared it.<h2 id="header-1">Pepe price analysis</h2>At press time, the price of PEPE might look unimpressive at $0.0000003456 but zoomed out on the larger scale demonstrates a significant upward movement for the newly launched digital asset, which is up 31.45% in the last 24 hours, as per the latest <a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow">data</a> retrieved by <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a> from the crypto monitoring and analysis platform <a href="https://finbold.com/guide/best-crypto-data-websites/#CoinMarketCap" rel="noopener noreferrer nofollow">CoinMarketCap</a> on April 20.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/18871162e80f4e819efbb59810b47a85.png" />PEPE 24-hour price chart. Source: <a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow">CoinMarketCap</a>Whether PEPE manages to retain its <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a> momentum and continues to rise ‘to the Moon,’ will depend on multiple factors, including the developments and sentiment directly related to it but also the general atmosphere on the wider crypto market and the global macroeconomic landscape.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

From meme to millions: PEPE cryptocurrency’s explosive $150m growth

목차

Finbold

2023년 4월 20일에 게재된 다른 기사

[Feature] Tokenomics 3: Why Web3 games have an inflation problem

Get Ready to Discover the Best NFT Collections with OK VIP NFTs: A New Frontier in the Okcash Eco...

Democrats Are Not Happy With House Committee’s Draft Stablecoin Bill

BlockFi secures extension to submit bankruptcy strategy plan

Binance Labs Funds South Korean Blockchain Game Developer GOMBLE

Pink Moon Studios Launches its Highly Anticipated Free-to-Play Mode for KMON Genesis

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!