PEPE’s Bumpy Ride Against The Tide: Will PEPE Price Go To Zero?

Adekunle Joshua

PEPE was launched in April and quickly reached a market cap of $1 billion in just two weeks.

However, it has since declined by 80% from its all-time high.

This decline is likely due to several factors, including the overall bear market in cryptocurrencies and some shady on-chain activity involving the project’s founders.

It is still too early to say whether PEPE is a scam or not. However, it is important to do your own research before investing in any cryptocurrency.

The crypto market has seen its fair share of scams, rug pulls, and pump-and-dump schemes.

Memecoins have become very popular among crypto investors and enthusiasts since Dogecoin became popular in 2021.

PEPE responded with a whopping 29% decline between Thursday and Friday 24 and 25 August, after millions of dollars worth of the token flooded crypto exchanges and spooked investors

Memecoins are known for their high risk, and their tendency to double or triple in a matter of moments