As PEPE2 Meme Coin Climbs Up 3500%, This Other Crypto Has Clinched $3.2 Million – Next 100x Crypto?
In a catapult move dazzling meme coin markets, PEPE2 has accelerated up +3,500% in a Pepecoin alternative play – but could this other crypto be next?
Built on the idea of giving new retail investors the opportunity to get in on a second PEPE run, PEPE2 (a Brother’s marketing related project) has seen dramatic growth with almost 25k followers on their X (formerly Twitter) account.
The whole world watching us #PEPE2 pic.twitter.com/UbfeUqM6QL
— Pepe 2.0 #PEPE2 (@pepe2coineth) November 3, 2023
However, it appears the latest PEPE2 coin to skyrocket isn’t the authentic PEPE2 project – with a different contract address and pump and dump price action revealing it as a scamcoin.
As price action crashes down, PEPE2 is currently trading at a market price of $0.0001709 (representing a 24-hour change of -94.38%).
This comes following a slow-burning yet sensational launch for the PEPE2 spin-off token, which saw gentle initial traction explode in the 15th hour of trading at 11PM on November 1.
Seemingly fuelled by West Coast trading hours, PEPE2 surged a jaw-dropping +2,200% across 7-hours of trading, as more than 500 holders raced to take position in the emerging skyrocket.
A minor localised retracement move saw price dip down -53% at 6AM on November 2, however, support at $0.0017 primed a second rally leg, with PEPE2 pushing up an additional +142% by 1PM.
This brought gains for early-backers to an astronomical +3,500%, yet, as all too often in DEX markets, it appears the move was too good to be true.
PEPE2 price action rugged at 2PM on November 2, with a catastrophic -90% candle destroying technical structure, leaving stunned bag-holders in despair.
The thunderous dump, despite almost $1m in trading volume, highlights the high risks of DEX
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