A new token signals the meme coin season and the community can’t get enough of it. PEPE token, the token based on the popular internet meme Pepe the Frog, is dominating the crypto scene at the moment with users speculating how long the bullish rally will continue.
PEPE is now trading as the sixth biggest meme token with a market capitalization of $128,223,467, in such a short time.
Onchain analysis firm Lookonchain reported a transaction in which a private investor exchanged 0.125 ETH for PEPE tokens.
The investor purchased 5.9 Trillion PEPE coins for $251, and over the following three days, the token’s value skyrocketed. Currently, the $251 investment is worth $1.14 million.
Even though the investor’s wallet grew to $1.14 million, they had not yet sold the tokens. Amongst the rising popularity of the token, the $PEPE announced the next four phases on the roadmap: Meme, Vibe and HODL, and Generational Wealth.
Memetokens have always been popular but most of them crash within a few weeks making them less reliable for users. Only time will tell what would be PEPE’s destiny with a lot of the community exciting a Doge-like fate for it.
Currently, PEPE is trading at a price of $0.000000251161, up over $197% in the past 24 hours.
Also Read: Meme Token BONK Burns 500 Billion Coins Causing Price Surge
