Pepe has made headlines in the past few days after its parabolic move created many illiquid millionaires. The Pepe price soared to a high of $44.195e-8 on April 19 and then quickly erased some of those gains as some earlier buyers started liquidating their coins. Pepe was trading at $31.655-8, which was ~28% below the highest point last week.
Will Pepe make meme coins great again?
Pepe is a new meme coin that aims to mirror the success of other popular coins like Dogecoin, Shiba Inu, and Floki Inu. Like these tokens, it has no major utility. Instead, its main role is to dethrone these popular meme coins. In its website, Pepe says:
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“The Inu’s have had their day. It’s time for the most recognizable meme in the world to take his reign as king of the memes.”
Pepe price has done well as many investors rushed to buy the token and its popularity grows. It has accumulated over 65k Twitter followers in the past few days. Also, the token was trending in Twitter and other platforms like StockTwits and Reddit.
Pepe token price is also in the spotlight after signs that more exchanges will list it. OKX, the leading exchange, conducted a poll asking its customers to vote for their favorite meme. It agreed to list the three tokens with the most votes. The competing tokens are Pepe, Bone Shibaswap, Bonk, and ArbDoge among others.
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