Pepe, a meme cryptocurrency, recently experienced a 7,500x increase in value over a few days, followed by a 60% correction, causing panic among investors and rumors of a developer rug pull. However, the token's price recovered by 40%. Pepe's recent price movements have generated significant interest, but it remains a highly speculative and potentially hazardous investment due to the developer's exclusive ability to blacklist wallets and manipulate the token's supply, raising concerns about centralization and potential exploitation. The distribution of Pepe's supply among select wallets also increases the risk of market manipulation and volatility. Potential investors must exercise caution and conduct thorough research before investing in such assets. The rapid rise and fall of Pepe highlights the unpredictable nature of meme tokens, and investors should carefully consider the potential risks and rewards before making investment decisions.
(By Arman Shirinyan)
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