PepeCoin, the popular memecoin, has seen an unprecedented surge in its market capitalization to nearly $1.5 billion in just a few weeks. The token was recently listed on two popular exchanges, Binance and KuCoin, and the trading activity same day has led to a 132% spike in the Pepe price. Not to mention its market cap increase of 5,000,000%.

Traders who used leverage to bet on PepeCoin have experienced immense losses of over $10 million daily, due to the price increase. Another risk-factor for the Pepe token involves copyright disputes as the source of the meme - Pepe the Frog - has been legally targeted by its creator. Despite these warnings, many have been drawn to the potential of enormous profits thanks to the token's incredible rises.

The undeniable success of PepeCoin cannot be overlooked. The listing of Pepe token with many major exchanges indicates a trend in the crypto market towards memecoin. The swiftly rising market capitalization is enhanced by the massive trading volume of 284.24% in just 24 hours. With newfound publicity and liquidity, this token could shape the future of the crypto market in the upcoming days.

The potential risk and legal concerns should not be taken lightly. The creators of Pepe are not afraid to take legal action against any uses of the Frog's image, so far. Trading PepeCoin should be taken with extra caution, and investors should always remain diligent with their investments. However, it's positive developments like these that could make recently experienced success a permanent trend.



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