PepeCoin Facing Headwinds After Insider Trading Scandal
PepeCoin, a meme coin, is facing challenges after a recent insider trading scandal. Despite the negative sentiment, some supporters remain optimistic about the coin’s future.
Key Points:
- A significant amount of PepeCoin was sent to crypto exchanges and subsequently sold, prompting accusations of a “rug pull.”
- PepeCoin’s founders apologized for the incident and assured that the remaining tokens are safe.
- Criticism from Swan CEO Cory Klippsten sparked a response from pro-PepeCoin influencer Jason Williams.
- PepeCoin’s market capitalization has decreased significantly since its peak earlier this year.
- Despite the scandal, some prominent influencers and supporters remain optimistic about PepeCoin’s future.
Although negative sentiment surrounding PepeCoin has increased, positive sentiment on social media remains present. The coin’s liquidity has also remained steady despite the price drop.
Hot Take
PepeCoin’s recent insider trading scandal has undoubtedly shaken investor confidence. However, the response from some proponents of the coin suggests that there is still hope for its recovery. It remains to be seen whether PepeCoin can regain its previous market capitalization and restore trust among crypto investors.
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