Wolf says that Pepe’s coin is nothing greater than a pump and dump

• Cryptocurrency dealer The Wolf commented that Pepe Coin is silly
• He mentioned these are all early indicators of a brand new bull market cycle to return.
• PEPE coin has gained 41% within the final 24 hours.

Cryptocurrency dealer WolfOfPoloniex aka The Wolf lately commented on Pepe coin. He acknowledged that Pepe Coin is so silly and that he has seen it many occasions and it did not shock him.

He additionally acknowledged that Pepe Coin is nothing greater than a pump and dump and that it has been sufficient time for recent blood. Wolf additionally commented that these are all early indicators of an upcoming new bull market cycle.

Some Crypto Twitter merchants appear to be shifting their focus from Shiba Inu-inspired tokens to tokens based mostly on the web meme Pepe the Frog. One such token, referred to as Pepe (PEPE), was launched on Sunday and has seen an enormous surge, rising greater than 21,000% previously three days.

On account of this enhance in worth, its market capitalization has now elevated to 159 million. Pepe reached 29,844 particular person holders on Tuesday, in response to blockchain tracker Etherscan.

There are 420 trillion tokens in circulation, a reference to “4/20,” a well-liked slang time period in hashish tradition. It is essential to notice that the tokens aren’t associated to the precise Pepe the Frog meme or its authentic creator, Matt Furie.

At press time, PEPE is buying and selling at $0.000000348807 and its value is exhibiting double-digit positive factors. Nevertheless, there’s at present no query whether or not this meme coin will exchange SHIB. Just a few merchants are nonetheless debating that PEPE is nothing greater than a pump and dump that can trigger traders to lose all their cash.