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If you’re on social media, you may have stumbled upon it in the last few days: Pepe Coins – a new cryptocurrency that has caused a huge stir on the internet. Users on Tiktok report how they made a lot of money with the digital currency. Sometimes even millions are mentioned. What’s behind it? Blick explains the top questions about Pepe Coins.
You could. Pre-sale started on April 15. For example, anyone who bought Pepe Coins for 100 francs could have sold all the coins for 37 million francs last Friday. The cryptocurrency has increased 375,000 times. One Pepe Coin then costs $0.0000042.
It is an ERC20 token based on Ethereum, the second largest digital currency in the world after Bitcoin. Pepe is a so-called memecoin and was created as a joke based on the internet meme “Pepe the Frog”.
The character first appeared in the 2005 graphic novel “Boy’s Club” by artist Matt Furie. Fascinating the internet community with his funny words, Pepe the frog quickly spread on social media such as Myspace and 4chan at that time. Today, “Pepe the Frog” is, among other things, a symbol of resistance for the pro-democracy movement in Hong Kong.
no The founding team doesn’t even hide it. Pepe Coins are completely useless and just for fun, they said. But the cryptocurrency turned into an object of speculation within days. You can make a lot of money with it because of the floating exchange rate, but you can also lose a lot of money.
This is unknown. There is no formal team and no specific goal followed by the founder or founders.
This phenomenon is not new. Pepe Coins are similar to the famous predecessors Dogecoin and Shiba Inu, which do not provide any benefit to the holder and are used only for entertainment. Like Pepe Coins, Doge and Shiba Inu are based on characters that have become popular on the internet.
The cryptocurrency is already listed on partner platforms. You can already buy Pepe Coins on Binance, the world’s largest crypto exchange.
Extreme caution is required! The price has fallen sharply again since last Friday. Pepe Coins are highly volatile – investors can lose a lot of money with them.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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