From $27 to $4M: Pepe Wallet Unable To Sell Unstoppable Rally
04 Maio 2023 - 08:56PM
NEWSBTC
Pepe is the hot new meme coin that everyone can’t stop talking
about. The enormous climb in value in a short time is responsible
for all the chatter. One particular whale turned $27 into more than
$4M. Yet, according to the cryptocurrency community, the owner do
the related wallet might never be able to cash in on those gains.
“Blacklisted” Pepe Wallet Left A Sad Frog The meme coin based on
Pepe the Frog has everyone who bought in earlier today, feeling
good. Aside from a little chop here and there, the rising star in
crypto simply wont stop climbing higher. Related Reading: Sad
Frogs: Why The Parabolic Pepe Coin Could Flatten By 80% Early
adopters turned $250 into $1 million, and in this latest example, a
Pepe wallet that holds 2.5 trillion tokens turned $27 into over $4
million. This rounds out to roughly 0.59% of the max supply. The
only problem, is that according to crypto Twitter, the owner of the
coins cannot cash out, and has been “blacklisted.” User
“Borovik.ETH” claims it was a dev’s wallet, and therefore is unable
to sell their holdings. Ethereum versus the frog king of the memes
| PEPEUSDC on TradingView.com Why The King of Meme Coins Could Keep
Climbing Shocking stories of fortunes being made by simply buying
and holding Pepe are growing by the day. And while the early
returns are certainly substantial, because of the dynamics of price
discovery, it could be nowhere near done. New cryptocurrencies
perform the best as capital and liquidity rushes in. With no
bagholders to speak of, there is no real resistance levels leading
to large price increases and extended moves. Related Reading: Check
Out This Shocking Pepe Coin Versus Bitcoin Comparison For example,
in Bitcoin or Ethereum, much of the best performance came early on
after the asset began trading on exchanges. The same can be said
for more recent altcoins like Chainlink or Solana. In the
comparison above, Pepe can be seen side-by-side with Ethereum. The
chart, made for entertainment purposes, is pure speculation and
designed to demonstrate the lack of price history and clear skies
Pepe has above current levels. This is crypto, and anything is
possible. Especially for the king of crypto memes. Don’t see why
not pic.twitter.com/tlpr7Ft3Aa — Tony "The Bull" (@tonythebullBTC)
May 4, 2023 Follow @TonyTheBullBTC & @coinchartist_io on
Twitter. Join the TonyTradesBTC Telegram for exclusive daily
market insights and technical analysis education. Please note:
Content is educational and should not be considered
investment advice. Featured image from iStockPhoto, Charts from
TradingView.com
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