Pepe 2.0 ($PEPE2) is a crypto coin that mimic successful meme coin, Pepe coin ($PEPE). The original PEPE was launched on the Ethereum (ETH) blockchain in April 2023 and was followed by the debut of Pepe 2.0 just two months later. The creators behind Pepe 2.0 aim to address and rectify the original project's errors, as outlined on their official website. These corrections include the blacklisting of some early investors.
You can buy PEPE2 on Bitrue
The Reason Behind PEPE2 Emergence
PEPE 2.0 is being marketed as an opportunity for traders and investors who missed the original PEPE coin's lucrative surge to potentially make a significant profit. This approach, capitalizing on the fear of missing out (FOMO), has not only spotlighted PEPE 2.0 but also revitalized interest in the original PEPE, leading to unexpectedly high trading volumes for both cryptocurrencies.
In May 2023, PEPE experienced a dramatic rise, with its market value peaking at an impressive $1.6 billion. Following this, PEPE 2.0 emerged in late June 2023, seeking to replicate the financial triumph of its predecessor and promising a chance to participate in a similar billion-dollar journey.
PEPE2 Tokenomics
As per the official press release, the Pepe 2.0 project operates on a unique tokenomics framework aimed at "rewarding holders while fostering a robust ecosystem." The project's website emphasizes its dedication to security by highlighting the developers' decision to renounce ownership of the smart contract address. This move serves to enhance transparency and empower the community to oversee the project's direction
Key details include:
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Contract address: 0xfb66321d7c674995dfcc2cb67a30bc978dc862ad
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Total supply: 420,690,000,000,000
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Taxes: 1%
What is PEPE3?
After the emergence of PEPE2, some group of investors created PEPE3. PEPE3 was targeting people who missed both the PEPE and the PEPE2 bull run.
The Difference Between PEPE, PEPE2 & PEPE3
The original PEPE coin operates under a "no tax policy," meaning investors are exempt from taxes when purchasing, selling, or trading the coin. Conversely, PEPE Coin 2.0 imposes a 1% tax, with proceeds allocated to diverse initiatives outlined on the official website. These initiatives include community development, bolstering liquidity pools, and funding marketing endeavors.
You can buy PEPE on Bitrue
Caution Before Buying Meme Coins
Investing in meme coins requires caution due to several factors. Firstly, meme coins often lack a solid underlying purpose or utility beyond their humorous or meme-worthy branding. Unlike established cryptocurrencies with clear use cases and value propositions, meme coins may be susceptible to sudden fluctuations in value driven primarily by market sentiment and social media trends. This inherent volatility can result in significant losses for investors who fail to conduct thorough research or assess the long-term viability of the project.
Secondly, meme coins are frequently subject to pump-and-dump schemes, where prices are artificially inflated by coordinated buying efforts before being swiftly sold off, leaving unsuspecting investors with depreciated assets. The speculative nature of meme coins, combined with the ease of creating and promoting new projects, makes them particularly vulnerable to manipulation and fraud. As such, investors should exercise caution, conduct due diligence, and be mindful of the risks associated with investing in meme coins, ensuring they align with their risk tolerance and investment goals before committing capital.
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