Batracien 2, the return. You missed Dogecoin (DOGE)? You haven’t taken the Shiba Inu (SHIB) ? You just missed Pepe the Frog (PEPE) ? Don’t worry! There’s always a memecoin that appears from nowhere to make us a beautiful pump (& dump). Without foreshadowing the future of the latest in this category: a highly original Pepe 2.0 (PEPE2.0). This new crypto-joke still managed to make a millionaire in just a few days.
Will the memecoin craze never end?
Who would have thought in 2013 that the crypto-joke Dogecoinwhich was intended as a parody of Bitcoin (BTC), was not only going to build a real community around it? But more than that, creating a genre of its own among cryptocurrencies: the memecoins.
As their name suggests, these cryptos are very often based (if not exclusively based) on internet memes. If Shiba Inu dog tokens have long been fashionable thanks to the smiling Shiba serving as the network’s logo DOGE (and also thanks to Elon Musk), the trend in recent months has been towards frogs. À Pepe the Frogto be precise.
In an incredible burst of innovation (pardon the sarcasm) another memecoin based on this charming batrachian was launched at the end of June. It’s called Pepe 2.0 ! And watch out! Instead of being green, this frog is yellow. that changes everything.
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From Pepe buyer to millionaire in just 10 days
If we’re talking to you today about this umpteenth memecoin, it’s because it has managed to make at least one new millionaireaccording to Lookonchain’s on-chain trading analysts. More precisely, according to their tweets published this July 7, 2023, the lucky winner of this meme-based crypto lottery has turned an investment of 12,000 into $1.05 million.
Between June 28 and July 2, our memecoin lover bought several trillion PEPE2.0with a starting capital of $12,000 in PEPE tokens, most of which he sold (the first of its kind in PEPE tokens – I hope you can relate).
Thanks to the gods of Chance and/or its yellow color, PEPE2.0 has increased in value ever since. A lot of value, in fact. This memecoin fan (sharp trader?) was able to resell 2,300 billion PEPE2.0 for 215 ethers (ETH), or nearly 400,000 dollars. And it still has 2,700 billion PEPE2.0, i.e. 533,000 dollars. With nearly $300,000 in other memecoins on his wallet (including more PEPEs – you know, the 1.0s with the green frog), our individual is indeed millionaire (if he wasn’t already, for daring to bet $12,000 on this crypto meme lottery).
With memecoins, we’re tempted to say, as with the lottery slogan: who’s next? While the odds of winning the jackpot are undoubtedly (very) slightly higher, this type of « investment » is nonetheless a very risky proposition. game of chance.
As in the game of hot potato, it seems to be all about resell in time for memecoinsbefore the hype dies down and prices plummet. For PEPE2.0, it may already be too late, as a pump peak seems to have been reached on July 7 at around 5am. Watch out for the fall!
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