Moderators on Reddit have taken action against the flood of crypto-related Pepe the Frog hype in the meme's original subreddits after the explosion of the $PEPE memecoin. The moderator for "r/pepethefrog" has banned all cryptocurrency promotion and similar schemes such as NFTs from the subreddit, stating that it is for sharing and creating Pepe the Frog art, not for currency trading. The decision was met with overwhelming support from members of the subreddit, who even created memes depicting the moderators cleaning up the crypto-related mess. The $PEPE memecoin experienced a 2000% price rally fueled by hype and frenzy, but has since fallen at least 42% in value.
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Reddit Moderators Ban Crypto Promotion on Pepe the Frog Subreddit
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