With Pepe rapidly gaining attention, it has emerged that the individual behind the coin's linked meme was not aware of the digital asset’s.
“Actually, this is the first I’ve heard of it. <…> “I’ve heard of Ethereum (ETH), and I’ve heard of Bitcoin (BTC), and I’ve heard of Dogecoin — is it a bit like that?. <…> “I’m a Dogecoin maxi,” he said.
It is currently uncertain whether Furie will seek commercial compensation from the team behind Pepecoin following his recent admission. Thus far, the artist has not pursued copyright claims against the coin’s issuers.
Furie has previously taken a firm stance against the unauthorized use of the Pepe meme. For example, he successfully forced OpenSea to remove the project Sad Frogs District, which consisted of 7,000 frog-based profile pics that had generated $7 million in trade volume due to copyright infringement.
PEPE’s spike in value
Notably, the meme coin is a community-driven effort that was initially created to bring a fun and playful perspective to the world of cryptocurrency.
Tokens by daily network growth. Source: Cryptolaxy
Currently, PEPE is trading at $0.000001996, with a loss of approximately 1.5% within the past 24 hours. Despite this, it has gained 125% over the past week. The attention is now on whether the token can sustain this growth or if initial investors will begin to cash out.
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