As PEPED Coin Races Up 1,500% on DEXTools, This Under-Radar Crypto Has Scooped Up $2 Million – What Does it Do?
DEX market activity is fuelling seismic on-chain activity and PEPED coin is the latest DEX-launched to explode after a +1,500% skyrocket, but could this under-radar crypto be next following $2M presale?
Recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, Baby Meme, TIME, ROCKY and IO.
The owner just paid the dextool update fee (DYOR)
Owner: 0x85ea91ba7ae5349f0f5af64ef745592f290c5f5f
Token: $PEPED (PEPEDAO)
Current tax: ?/?
Contract: 0x3c6A1cc265Ad3EFEe5c7444ca111DA64c74098E2
Detail Telegram on bio
— Hannah Announcement (@Hannahcoineth) November 24, 2023
PEPED coin appears to be a quick-fire copycat of a similarly popular meme coin of the same name on BNB Chain – which acts as the native token for PEPEDAO.
However, this new PEPED token seems to have little to know utility, and no significant marketing presence on social media – making this a straight up overnight skyrocket.
As PEPED coin once again pushes up, PEPED is currently trading at a market price of $0.0003100 (representing a 24-hour change of +1.69%).
This meagre gain comes after a dramatic night of price action on the PEPED chart, with heightened volatility stemming from PEPED coin’s lowly market cap.#
Indeed, with just 285 holders PEPED’s mesmerising +1,500% rally was fuelled by a trickle of just $200k in trading volume.
However, PEPED’s origins go back much further than that with a launch date on November 24.
Initial movements saw PEPED price shoot up from a launch price around $0.00001 to an all-time high of $0.0007275, but this was followed by a failed consolidation, with price subsequently plummeting -97%.
A period of inactivity followed, until at
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