PEPE’s Lukewarm Reaction - What’s Behind It?
PEPE, the memecoin that started the memecoin mania, recently saw a 4% increase before a slight bounce corrected it to a 2.65% daily increase. But why the lukewarm reaction?
Main Breakdown:
- PEPE experienced a minor 2.29% increase in the last 24 hours.
- Since its launch in April 2023, PEPE skyrocketed by 83,000%, reaching a $1 billion market cap.
- PEPE’s price is still up 1833% since launch, benefiting early buyers.
- Other meme coins like Dogecoin and Shiba Inu also saw stable price movement.
- Possible reasons for the lukewarm reception include market conditions and lack of engagement from the projects on social media.
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Hot Take:
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