PEPE Coin Price Madness: How To Get The Next Meme Surprise?

Pepe (PEPE) price correlates with bitcoin (BTC) on the seven-day chart. While Frog, the new ERC-20 token powered by the Ethereum blockchain, fell in price in the days against BTC, it rallied with BTC on Friday over the weekend.

Last week, the fall in the price of bitcoin was at a two-month low. Furthermore, it was the worst week for the leading cryptocurrency of the year.

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as coinmarketcap notesPepe Coin to be launched in 2023 is different from Pepe Cash (PEPECASH):

“Pepe should not be confused with Pepe Cash, another meme coin that launched in 2016 and is used to buy and sell rare Pepe artifacts on the Counterparty platform.”

Pepe Coin (PEPE) did not exist before April 16, 2023. Its anonymous creators launched the deflationary supply, fungible token Meme Coin without any pre-sales or marketing muscle.

Meanwhile, the new blockchain tadpole has turned into a billion-dollar bullfrog in a matter of days. Furthermore, in 20 days, the price of PEPE coin increased so much that the total market cap was above $1.6 billion.

After pulling back from its flash-in-the-pan launch rally, Pepe remains capitalized at over $700 million.

That’s an impressively fast market capitalization.

A Mighty Croc: PEPE Coin Economics at a Glance

Pepe Coin is much more than a smart logo and a name referencing a famous internet meme. There is some clever economics embedded in Meme Coin’s Ethereum smart contract.

The supply of PEPE is deflationary, with a limit of over 420 trillion tokens. It also has a burn mechanism to offset the shortfall by burning LP tokens from liquidity providers and canceling contracts.

Furthermore, PEPE has a “no tax” policy, which means very low fees for executing trade orders. Additionally, the PEPE series redistribution is designed to offset inflation in favor of long-term stakeholders.

The coin was initially designed to be as fair as possible on the crypto trading platform. While many new crypto projects allocate an unfair amount of supply to founders and devs, 93.1% of token sales were allocated for liquidity. Meanwhile, 6.9% remained in multi-sig wallets for strategic deployment.

The first phase of the project, “Meme”, has already been completed and was an outstanding success. The rapid inflow of capital into PEPE made the project comparable to crypto memecoin blue chips. Within a month, it became a peer to popular NFT collections such as DOGE, SHIB and BAYC.

With such encouraging economics, PEPE Coin bears will be hard pressed to cover their shorts.

meme coin power

The Pepe meme is one of the internet’s most epic, with a thriving community that goes back many years. There’s no telling who exactly Pepe’s most devoted memesters are, but anyone who uses Reddit can tell you a lot of them, and the users who post Shiba Inu memes are the same people.

As a result, it really isn’t too surprising that Pepe’s coin launched with the kind of success it did. It was designed to appeal to and serve a vast, anonymous market of experienced crypto investors, filled with juicy ROI from other meme coin investments.

Crypto whale investor support for Pepe Coin has been mixed. Whales bought $10M USD worth of tokens stocking 7% of the PEPE supply a week after launch. They controlled nearly a third of its liquidity in the markets at the start of the rally.

According to Nansen Ethereum blockchain data, around 30 “smart wallets” (large and active traders) bought a million dollars worth of new coins at the start of their rally. During last week’s price decline, some whale addresses booked profits. Meanwhile, three crypto whales were spotted by Lookonchain buying PEPE worth $4 million.

Tesla and SpaceX CEO and Dogecoin bull Elon Musk promoted PEPE on Saturday with a meme of Pepe “explaining constitutional amendments.” The meme displays two panes with the meme frog alternately depicted as a super cute browser of dank memes and a modern battlefield combat soldier.

Seize the production memes $PEPE

— Pepe (@pepecoineth) May 13, 2023

How to find the next Pepe?

The successful premiere of Pepe on Ethereum is an exciting development for crypto investors. It’s also an excellent case study of how to get hugely successful projects going quickly.

Many early investors in Pepe were able to turn a couple hundred dollars into a million in just a few days. A trader going by the pseudonym dimethyltryptamine.eth bought $263 worth of PEPE which turned into $12.8 million practically overnight.

That kind of profit from a single investment can suddenly change many people’s lives. Here are some daily practices to keep up that will increase your odds of hitting a home run like this one.

Receive new coin listing alerts.

You’ll get an alert when a new crypto hits an exchange.

Search volume on Google for “pepecoin” registered spikes on Google Trends starting on the day of its launch. So the day PEPE went on sale, there was some buzz going on in the community about it.

With Coin Listing Alerts, you can stay informed about new opportunities. But keep in mind that there are many new listings in a day. So you’ll need to have an efficient process and working, historically back-tested system to proceed in this way.

Use Uniswap and get notifications for updates from DeFi exchanges.

There is a pattern in the Pepe Coin saga in how many early buyers found it on Uniswap. DeFi volumes for Pepe exchanges spiked before Pepe Coin price went parabolic on May 1st.

Here is a brief guide with warnings about the risks of using Uniswap.

The trader who made a multi-million dollar profit on a $263 investment used Uniswap. Binance, KuCoin, Huobi, Gate.io and MEXC are other exchanges where PEPE is currently listed.

Bottom Line: The Frog Flips the Coin

Pepe Coin’s super bullish debut validates the thesis of meme coin investors who buy and trade coins such as Dogecoin and Shiba Inu. Furthermore, it is further evidence of the Internet’s vast and insatiable appetite for Ethereum services to store savings.

It is worth mentioning here, as the blockchain industry enthusiastically advertises, that these open-source finance platforms are open to use by anyone who learns to script Ethereum and design financial products.

Additionally, these blockchain platforms are autonomous, decentralized and artificially intelligent. Anyone can create a DeFi (decentralized finance) app and go to work for Ethereum without requiring any approval or support from other humans.

The software is designed such that it can be used by anyone with sufficient working knowledge instructional manual Programming for Ethereum (ETH).