Investors Cash Out, Pepe Coin Price Drops 6%

Cryptocurrency exchange Gemini is promoting Pepe token, an Ethereum-based meme cryptocurrency, despite the fact that it has dropped 6% in value over the past week. Pepe coin has gained popularity for its association with online meme Pepe the Frog, and although it hasn’t managed to overtake meme coin Dogecoin, it attracted over 107,000 holders in just over 20 days, reaching a market cap of $1bn at its peak, according to crypto research firm Messari. Gemini is now giving away 6 billion PEPE tokens to 100 of its users. Pepe is listed on several major exchanges including Binance, Kucoin, and Crypto.com. Meanwhile, Dogecoin has introduced a new standard – DRC-20 – that will allow developers to create more meme coins on the Dogecoin blockchain. Dogecoin is up 2% in value over the past week.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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