From the famous Pepe the Frog meme came Pepe Coin, the crypto world’s wild child. It’s not at all what it seems to be, though. Do you think you know what you’re doing? Not so fast. If you don’t believe these five facts about this digital coin, you might after reading them. See our website here!
1. What began as a joke carries a lot of weight now
Pepe Coin looks like just another joke coin at first glance. It’s like a meme that came to life in the crypto world. But here’s the catch: it quickly grew into something much bigger. Price swings have been caused by speculation, which has gained a committed following. Some buyers have put a lot of money into it because they think it will give them a “moonshot” return. Not all people who jump on this frog find the pot of gold, though. Some have learned this the hard way. Instead, it might leave you with nothing.
2. No Plan, Just Hope and Fear of Missing Out
When it comes to Pepe Coin, don’t expect a neat and tidy plan. There isn’t a big plan, a news release, or a team of powerful developers behind it. There is no clear direction or formal framework; it’s all based on guesswork and community hype. People are pretty much jumping in without thinking about it because they are full of hope and fear of missing out (FOMO). Nothing is certain about this bet, so it’s risky.
3. Whales making noise drive the market
Pepe Coin is full of “whales” if you’ve heard of them in crypto. Price changes can happen in minutes when these big players buy and sell huge amounts of stock. Even if you think things are stable, one “whale trade” can totally change the market. Pepe’s price changed for hours last month because of a single trade, which shows how unstable it really is.
4. There’s no real use, just hype
Pepe Coin doesn’t “do” anything like other coins that are backed by new technology or useful uses in the real world. It’s only a meme; there’s no venue, no use, and no big picture. Even though it doesn’t do anything useful, the hype around it is obvious, and people are investing money in it just because it’s “hot.” It looks like hype can sometimes be more important than reason.
5. Chaos Caused by the Community
Pepe Coin doesn’t have a CEO, a main office, or any other kind of official guidance. Instead, its group is what drives it. People are talking about it on Twitter threads, Telegram chats, and groups. Anyone can make waves in this crazy, fast-paced space. You already know what kind of crazy situation you’re in here if you’ve ever seen a meme war.
Putting money into Pepe Coin is not for the weak of heart. It’s hard to predict, dangerous, and sometimes just plain stupid. Do your research and be careful if you want to join. Also, keep in mind that this frog could steal your lunch money if you’re not careful.