# meme coin

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PEPE Whale Takes $540,000 Paper Loss in Two Days as Token Plunges Over 30%

PEPE, the latest meme coin sensation, has soared by a staggering 400% in the past week, hitting a market cap of just over $1 billion. However, following a sharp pullback on Saturday, some investors booked profits, causing a significant loss of approximately $541,000 for a whale who had purchased a substantial sum of PEPE, along with 70 $WBTC worth $2.07M and 470 $ETH worth $937K.

US and India Lead Meme Coin Craze, Shiba Inu Reigns Supreme: CoinGecko

Shiba Inu is the most popular meme coin in both countries, generating 60.7% of US interest and 55.8% of India's interest in meme coins.

On-Chain Investigation Reveals Deflationary Nature of PEPE Meme Coin

An on-chain investigation of the PEPE contract code has revealed that the meme-inspired token is deflationary in nature, with an in-built burn functionality that can reduce its circulating supply. The investigation also found that the contract code prohibits the minting of more tokens, making PEPE a deflationary asset.

Bitcoin Transaction Fees Hit Highest Level in Nearly Two Years Amid Meme Coin Craze

The average transaction fee on the Bitcoin network has risen to its highest level in nearly two years, according to data from Glassnode. The spike in network fees has been attributed to a renewed interest in meme coins, such as PEPE and SPONGE, which has ignited a surge in transactions relating to the experimental BRC-20 token standard. The BRC-20 standard allows users to issue and transfer fungible tokens via the Bitcoin blockchain.

Pepecoin’s Bewildering Rise Turned a Pittance Into an Almost 5,000,000% Meme Coin Profit

A pseudonymous trader named dimethyltryptamine.eth spent $263 just three weeks ago to buy trillions of PEPE tokens. That former pittance has turned into $3.8 million in profits from tokens they’ve already sold, and their remaining holdings are worth about $9 million, according to data by blockchain research firm Arkham Intelligence. That’s an almost 5,000,000% profit.

Crypto Morning Briefing: CryptoCom, Kucoin and Huobi List PEPE After Binance

Alibaba Says ‘Open Sesame’ to Web3; NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity; Terra Founder Do Kwon’s Extradition to South Korea Likely; Meme Coin Frenzy Continues as Binance Lists $FLOKI and $PEPE

Meme Coin Frenzy Continues as Binance Lists $FLOKI and $PEPE

Leading cryptocurrency exchange Binance has announced the listing of two major meme-inspired cryptocurrencies, Floki ($FLOKI) and the hot memecoin Pepe, which is inspired by the infamous meme and cartoon character Pepe the Frog, and was introduced to the market on April 17, 2023.

Meme Coin Trader Strikes Gold With Staggering 38,675% Profit On $PEPE Investment

A cryptocurrency trader with a penchant for meme coins has managed to reap an astounding 38,675% profit on a new contender in the meme coin arena, rivaling the likes of Dogecoin ($DOGE) and Shiba Inu ($SHIB), according to data from the blockchain.

PEPE Token Skyrockets 120% To Become the World’s Third-Largest Meme Coin

Ethereum-based PEPE token has surged by over 120% in the last 24 hours, becoming the world's third-largest meme coin by market capitalization. The digital asset was launched on April 17 and has rapidly climbed to a current market cap of $578 million, generating enormous profits for early investors.

Multiple Crypto Exchanges List Meme Coin Shiba Inu's BONE Token Amid Rising Demand

Multiple crypto exchanges have listed meme coin Shiba Inu's BONE token amid rising demand from the community. This move comes after major exchanges such as OKX and Huobi also listed BONE.