Despite its widespread popularity and massive surge in market and social activities, top crypto experts still believe that Pepe (PEPE), a meme-based cryptocurrency launched less than a month ago, is a scam. Chris Blec, founder of DeFi Watch, asserts that scams like PEPE are created by big money, powerful people, and careful planning, and that retail investors are pawns in a much bigger game.
Yassin Mobarak, founder of private equity firm Dizer Capital, also calls PEPE a trojan horse designed to further blow up the crypto market. Despite its tremendous rise to fame and being ranked as the third-largest meme-based coin with a market cap of $667.6 million, Pepe's success has attracted the interest of top crypto exchanges such as Binance and KuCoin.
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