Can PEPE make a comeback? Merchants, analysts and Pepe maxis weigh in

The largest new memecoin of 2023, Pepe (PEPE), suffered one of many worst potential fates that may befall a brand new crypto asset — a partial rug pull after its nameless builders abruptly bought practically $16 million price of the token on Aug. 24.

The official Pepe X (previously often called Twitter) account defined the drop was attributable to “three ex-team members” going behind their again and promoting the tokens with out their information — a transfer that noticed the value of Pepe plummet as a lot as 26% within the days following, with out a lot respite.

Pepe may not be coming again

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