What is Pepecoin, and can it flip memecoins Dogecoin and Shiba Inu? By Cointelegraph
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The market valuation of Pepecoin (PEPE) has dropped by 65% as of May 12, a week after its record high of $1.54 billion.
Profit-taking appears to be the primary reason behind the extreme price correction as it rallied from almost nothing to as high as $0.00000372 after its launch on April 14, emerging as the fastest-growing ERC-20 token in the crypto market’s history.
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© Reuters
The market valuation of Pepecoin (PEPE) has dropped by 65% as of May 12, a week after its record high of $1.54 billion.
Profit-taking appears to be the primary reason behind the extreme price correction as it rallied from almost nothing to as high as $0.00000372 after its launch on April 14, emerging as the fastest-growing ERC-20 token in the crypto market’s history.
Continue Reading on Coin Telegraph
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