The once-booming Pepecoin (PEPE), born out of the viral web meme sensation Pepe the Frog, appears to be stumbling, resulting in whispers about its unsure future within the crypto realm. Glauber Contessoto, self-dubbed a “Dogecoin millionaire”, and well-known tracker @/DogeWhaleAlert have voiced their issues over PEPE’s ongoing plunge.
The Warning Bell Rung by a “Dogecoin Millionaire”
Contessoto, who gained vital public consideration after his Dogecoin success story was featured in mainstream media shops like CNBC, lately suggested that Pepecoin may very well be “formally lifeless.” Nevertheless, this sparked a contentious dialog with one other consumer, Crypto Jesus, who expressed a newfound curiosity in PEPE after Contessoto’s pessimistic prediction.
Crypto Jesus responded to Contessoto’s proclamation by saying, “This tweet makes me actually need to purchase $PEPE. I can’t think about this was your intent, however you’re reaching Jim Cramer ranges of investing at this level. I form of count on $PEPE to go full parabolic now.”
Countering the assertion, Contessoto retorted, “Was it Jim Cramer ranges after I referred to as the highest at 1.5 Billion market cap and instructed everybody to promote, and nobody listened to me? Then it simply continued to dump day after day after day…?” In response, Crypto Jesus slyly recommended that the essence of “reaching Jim Cramer ranges” exactly lies in folks both ignoring the recommendation or doing the exact opposite.
A Meme-coin’s Rocky Journey
Pepecoin, drawing its roots from the much-loved and humorous Pepe the Frog web meme, initially gave the impression to be following the meme’s lightheartedness. Whereas it initially seemed to be primarily for enjoyable and potential revenue, akin to its meme coin counterparts Doge and Shiba, PEPE has lately skilled a roller-coaster journey.
In current occasions, Pepecoin noticed a drastic plunge of greater than 40% in lower than a fortnight after hovering to over $1 billion in worth post-launch. At the moment, PEPE stands at a value of $0.000001254 with a every day buying and selling quantity of $150 million, a market cap of $491 million, and a whopping whole issuance of 420 trillion cash.
