Pepe s value on the afternoon of Monday, May 8, is $0.00000229 and trading volume over the past 24 hours was $727,682,704, Coingecko data says:
“With the price up 214.90% over the past seven days, Pepe (PEPE) is ahead of the global cryptocurrency market, which is down 1%.”
On the evening of May 5, the price of a single Pepe digital coin reached $0.0000042, a daily rise of almost 100%.
The total capitalization of Pepe exceeded $1.2 billion, which allowed the token to reach the 42nd place in the CoinMarketCap ranking.
Developers of the new meme-token added an address blocking feature to their brainchild. If this feature is applied, the user who bought the token cannot sell, exchange or withdraw it.
Even the developers cannot undo the lock, because the owner of the smart contract changes. True, the developers can no longer add the address to the blacklist.
Rere’s smart contract has a token burn feature, but no release feature. That is the number of tokens circulating between investors can only shrink.
Recently, cryptocurrency analysts discovered several addresses that run fraudulent “memetic tokens” on a daily basis.