Pepecoin, a new type of memecoin built on Ethereum’s blockchain, has become highly popular within just a few days of its launch. According to Etherscan data regarding the top 10 Pepecoin holding addresses, six of these belongs to cryptocurrency exchanges namely Binance, OKEX, Huobi, MEXC, KuCoin, and Gate. This means that these trading platforms hold a collective 17.23% of the total Pepecoin supply. Pepecoin was created with no underlying utility or expectation of financial returns, however, it managed to reach a 500 times increase in its value as it got through the crypto door due to massive FOMO (Fear Of Missing Out). This immense success resulted in enormous profits for certain early investors. The coin is currently trading at $0.00000257 with a 30% decreased in daily trading volume. The highest trading volume was recorded when the coin was featured in Binance’s Innovation Zone, amounting to $2.76 billion per data from Santiment. It is highly advised to do research before investing in Pepecoin or any other cryptocurrency, as their value can be quite volatile.



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