June 30 (Cointime) - An Ethereum wallet user who previously earned a 1,000x return on Pepe (PEPE) has now recorded 375x gains from PEPE 2.0. It is unclear how the investor is making these returns as there has been no recent hype around PEPE-related tokens on social media.

The wallet user may be an insider or using a unique strategy to multiply their profits. Meme coins like PEPE can be manipulated to enrich insiders, but new legislation in South Korea and Europe aims to prevent market manipulation and compel influencers to disclose any compensation they receive from projects they promote.