From an Initial $27 Investment, an Early Pepe Coin Investor Earned a Million Dollars
Pepe coin, a meme-based cryptocurrency launched in April 2021, has made some early investors multi-millionaires. One investor netted over $1 million profit from a $27 initial investment. The Pepe price rose by over three million percent in just three weeks, and even more after Binance announced its listing. However, the Pepe price declined after Coinbase refused to list it, branding it a “hate symbol.” Pepe coin is not the only meme coin to achieve significant gains, but the new meme tokens that are likely to follow its success can be difficult to spot. Two contenders are AiDoge, a meme generation platform, and Wall Street Memes, which offers a way to tokenize the popular meme stocks movement. Both projects are listed at the pre-ICO or presale stage. AiDoge’s native token, $AI, powers the meme generation platform, while Wall Street Memes’ native token, $WSM, is a rewards token that enables tokenizing meme stocks. Wall Street Memes has raised over $6.5 million from early investors. With these two projects, Jacob Bury, noted crypto analyst, sees a common trend in both that has the potential for significant gains outside of cryptocurrency.