.pepecoineth is currently the narrative among the most degen of Crypto Twitter traders, racking up thousands of users and millions in trading volumes days after launch. By shauryamalwa
A pepe token launched Sunday ran over 21,000% in the past three days, raking in $30 million in trading volumes on Uniswap and reaching a market capitalization of as high as $33 million on Tuesday morning.
“The most memeable memecoin in existence. The dogs have had their day, it’s time for Pepe to take reign,” the Pepe website says.on Tuesday, data from blockchain tracker Etherscan shows, meaning the token was quickly purchased by swathes of investors participating in the ongoing frenzy – and pinning hopes on turning a profit.The tokens have a circulating supply of 420 trillion, a reference to ‘4/20,’ another popular cannabis culture slang.
As such, the tokens have no connection to the actual Pepe the Frog meme or Matt Furie, the meme’s original creator. Furie’s Pepe, a green frog with a humanoid body, originated in the 2005 comic Boy's Club. It went viral in the years following, becoming a popular part of internet culture. Crypto Twitter has a knack for jumping on memecoins, mainly after the rise of tokens such as dogecoin and shiba inu – which jumped to tens of billions in market capitalization in the previous bull market.
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