The popular cryptocurrency wallet, Trust Wallet, has recently added support to the much talked about PEPE token. PEPE, which was launched in 2021, has surged more than 21,000 times compared to its original value. Based on Coinmarketcap, it has a market capitalisation of over $143 million, with a trading volume of $155 million in the past 24 hours. Its current value is estimated at $0.000000330053, with a hike of 274% in the same period. Charlie, a prominent cryptocurrency investor had earlier predicted that PEPE can potentially emulate the SHIB's success, who skyrocketed by over 8,000% in 2019. The announcement of support for PEPE comes with a major warning, as PeckShieldAlert has recently identified a fake Twitter account, @pepecoineth_, and a phishing website, “pepecoin.vip.” The crypto wallet provider has, thus, strictly advised against any personal or transaction data-sharing with the malicious entities. Although PEPE token has provided significant profitability to many investors, some business and finance veterans remain concerned, as this boom could be a classic case of 'too good to be true' scenario. The unprecedented growth might be a sign of an unsustainable rally, supported by an artificial market hype.



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