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Pepe Coin Knockoff Is Outperforming The Original With 2300% Gains In 10 Days — A Dollar Buys 9M Pepe 2.0

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A new phenomenon appears to have taken hold in certain corners of the crypto market as investors flock to microcaps claiming to be the next big thing in meme coins. Specifically, Pepe 2.0 has emerged as a prominent player in this space, with soaring trading volumes, substantial liquidity, and overnight success stories.

What Happened: Pepe 2.0, a token largely introduced within the past week, positions itself as a new iteration of the popular Pepe meme. In just the last 10 days, its value has skyrocketed by 2338%, currently trading at $0.0000001099.

Even in the past 24 hours, Pepe 2.0 has seen a 35% surge, while other meme coins like Dogecoin DOGE/USD, Shiba Inu SHIB/USD, and even Pepe Coin PEPE/USD  itself experienced declines of 2.58%, 3%, and 5%, respectively.

Notably, Pepe 2.0, regarded as the most widely embraced among these clones, witnessed a trading volume of nearly $36 million in a single day, as per the CoinMarketCap data available on Thursday.

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Current Price: At current prices, for just over a dollar, you can purchase over 9 million Pepe 2.0 tokens.

See More: A Stay At The Floating Palace From James Bond’s ‘Octopussy’

Why It Matters: One striking success story involves a wallet that turned an initial $900 investment in Pepe 2.0 into over $176,000 within 24 hours. Analysis reveals that the wallet capitalized on this profitable position by selling in two separate transactions, each involving the sale of 2 ether (ETH), as the token continued its ascent.

Data obtained from Lookonchain indicates that on Monday, two wallets acquired millions of Pepe 2.0 tokens. This niche segment of the market is betting on these frog-themed tokens eventually surpassing the popularity of meme coins such as DOGE and SHIB over time.

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Benzinga’s Note: It’s worth taking into consideration that these microcap investments come with inherent risks, given their relatively new and volatile nature. While they offer the potential for significant gains, investors must exercise caution and conduct thorough research before participating in such speculative ventures.

Read Next: Bitcoin, Ethereum, Dogecoin Tumble Amid Hawkish FOMC Minutes Reveal: Analyst Says King Crypto Prime For Explosive Surge As History Set To Repeat Itself

Join Benzinga’s Future of Crypto in NYC on Nov. 14, 2023, to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now!

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