The upstart pepe token has slipped 38% from Friday’s peak price, according to Coingecko data.
Highlights
- Pepe fell for a second day on Sunday as the crypto token styled on the Pepe the Frog cartoon meme fell 38% from Friday’s peak price.
- The slide has left at least one large trader nursing paper losses of $500,000.
- Binance, the world’s biggest crypto exchange, offered clients the chance to trade the token for the first time.
- Pepe has a market cap of just over $1 billion, making it the 45th most value crypto token, according to Coingecko data.
- Those trading the token on Uniswap have burned more than $10 million in transaction fees over the past three weeks, on-chain data show.
Read the original article
Ethereum Jumps to $2K as Memecoins Help Burn More ETH for Gas Fees