Pepe 2.0 Price Pumps 54,000%, Aims for $1 Billion Market Cap – Buy This Next Big Thing or Wall Street Memes?
If you missed Pepe then Pepe 2.0 could be the coin for you as its price pumps 54,000%.
Launched yesterday (Tuesday June 27) at 22:00 UTC, the new meme coin promises to "make things right".
The anonymous team behind the coin say they want to avoid the mistakes of Pepe's earlier self, which they say launched at a weekend and includes the ability to blacklist some investors.
However, despite those supposed mistakes, the original Pepecoin did come from nowhere to reach a market cap of $1 billion.
Famously, one early investor in Pepe who put in $250 worth of ETH was able to turn that into a profit of $1.02 million.
Pepe 2.0 by contrast has a market cap of just $2.59 million, but that could be its appeal right now, as there could be a giant runway ahead for the price.
On the $PEPE2 website, the team understandably makes a strong pitch to be the next Pepe:
Missed $PEPE? Here is your second chance
$PEPE knows he made mistakes in the past, blacklisting some investors, launching on a weekend when you were spending time with your family and friends. He wants to make things right and redo his billion dollar run, he’s a new version of himself, he is now PEPE 2.0. #PEPE2
Crypto Lord tweeted to his 24,000 followers canvassing for their thoughts as opposed to making an endorsement:
Before you make a decision to jump in here a run down of the coins vital statistics.
Encouragingly, liquidity for the token has been locked for three months and currently stands at $168k. That's probably on the low side though for a trading volume that has already reached $8 million.
The price has pulled back from its high at $0.000000001412 to $0.0000000007013, but it looks like there could be more room in the tank on the 15-minute candle chart.
The token's circulating
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