“I have decided to start actively trading memetic tokens and promising projects through my public address.
I will absorb any potential losses from these deals, and any profits generated will be fully donated to charity,” Justin Sun promised on Twitter.
The businessman clarified that he does not guarantee the listing of these projects on any exchange, including Huobi or Poloniex:
“I’m just trading for fun.. Always do your own research before you invest!”
The meme PEPE, which was released in honor of Pepe the frog who appeared on the Internet as a meme almost 20 years ago, is now gaining popularity.
Last weekend the capitalization of Pepecoin exceeded $1 billion, but soon the rate collapsed by more than 50%.
Nevertheless, PEPE is one of the few meme tokens, along with DOGE and SHIB, which is among the top 100 cryptocurrencies by market capitalization.
Cryptocurrency exchange Gemini recently announced that it has added “HYIP token meme” PEPE to its listing.