As the cryptocurrency industry continues to grow, with new digital assets appearing every day, the newly created cryptocurrency PEPE has taken the crypto eye of the community, and for good reason, as it is already recording massive success, both in terms of price and market cap.
In fact, thanks to the overwhelming popularity of the pepe the frog meme, the PEPE cryptocurrency, which was created on April 15, has already surpassed a market capitalization of $150 million and continues to advance, as observed for him finance tracking platform unusual whales April 19
making millionaires
Thanks to such explosive growth, a PEPE investor managed to become a millionaireconverting $251 investment in the millions in just a few days, and investors continue to flock to the digital asset that they hope can replicate the success of other meme cryptocurrencies, such as Dogecoin (DOGE) and Shiba Inu (shib).
Specifically, the investor, known as smart money, spent 0.125 Ethereum (ETH) to buy 5.9 billion PEPE on April 15, becoming millionaires, like noted by the blockchain analytics platform lookonchain on April 19. Considering the price of the token at press time, this investment is now worth over $2 million.
At the same time, as the crypto community pointed out on Twitter, another user managed to earn nearly $1 million (specifically $870,678 at press time) after investing just $27 to purchase more than 2.5 billion PEPE on April 19, according to he publications shared by twitter users lyx.eth and borovik.eth on April 19 and 20.
Built on Ethereum block chainPEPE is a powerful mix of decentralized technology and meme culture, due to its rise due to the huge popularity of the meme appearing on various social media platforms. Pepe the Frog originates in 2005 as a character in Matt Furie's comic book series, boys club,' and users in places like MySpace, Gaia Online, 4chan and Reddit They have shared it widely.
Pepe's Price Analysis
At press time, PEPE price may look unimpressive at $0.0000003456, but zooming out on the larger scale demonstrates a significant bullish move for the newly launched digital asset, which is up 31.45% in the last 24 hours , according to the last data recovered by fine ball of the cryptocurrency monitoring and analysis platform CoinMarketCap On April 20
If PEPE manages to keep his bullish momentum and continues to rise 'to the Moon', will depend on multiple factors, including developments and sentiment directly related to it, but also the general atmosphere in the broader crypto market and the global macroeconomic landscape.
Disclaimer: The content of this site should not be considered investment advice. The investment is speculative. By investing, your capital is at risk.
