The Wolf Says Pepe Coin is Nothing However a Pump & Dump

• Cryptocurrency dealer The Wolf has commented that Pepe Coin is a dumb one
• He acknowledged that these are all early indicators of an upcoming new bull market cycle.
• PEPE coin has spiked by 41% within the final 24 hours.

Cryptocurrency dealer WolfOfPoloniex, aka The Wolf, has lately commented on the Pepe Coin. He acknowledged that Pepe Coin is so dumb and that he has seen it time and time once more, which hasn’t stunned him.

He additionally acknowledged that Pepe Coin is nothing however a pump & dump, and that sufficient time has handed for recent blood. The Wolf additionally commented that these are all early indicators of an upcoming new bull market cycle.

Some merchants on Crypto Twitter seem like shifting their consideration from Shiba Inu-inspired tokens to these based mostly on the web meme Pepe the Frog. One such token, referred to as Pepe (PEPE), was launched on Sunday and has skilled a major improve in worth, rising over 21,000% previously three days. 

This surge in worth has resulted in its market capitalization rising to $159 million at current. In keeping with knowledge from blockchain tracker Etherscan, Pepe has reached 29,844 particular person holders as of Tuesday.

The circulating provide of the token is 420 trillion, which is a reference to “4/20,” a well-liked slang time period in hashish tradition. It’s essential to notice that the tokens aren’t affiliated with the precise Pepe the Frog meme or its authentic creator, Matt Furie.

At press time, PEPE is buying and selling at $0.000000348807, with its value exhibiting double-digit features. Nevertheless, the potential for this meme coin to switch SHIB is out of the query for the time being. A number of merchants are nonetheless debating that PEPE is nothing however a pump & dump that may trigger the buyers to lose all their cash.