Pepe

With the Pepe (PEPE) <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a> rapidly gaining attention, it has emerged that the individual behind the coin’s associated meme was not aware of the digital asset’s existence.In particular, <a href="https://twitter.com/Matt_Furie" rel="noopener noreferrer nofollow">Matt Furie</a>, creator of the legendary Pepe the Frog meme, has admitted lack of knowledge about Pepe despite the token’s recent surge in popularity across the cryptocurrency space, he <a href="https://twitter.com/enjoyoor/status/1655708365748686848" rel="noopener noreferrer nofollow">said</a> in a Twitter Space on May 9.Furie, who made the revelations during a discussion about his new non-fungible token (<a href="https://finbold.com/guide/how-to-mint-sell-nfts-non-fungible-tokens-explained/" rel="noopener noreferrer nofollow">NFT</a>) art collection called Zogs, did mention that he was a Dogecoin (<a href="https://finbold.com/cryptocurrency/dogecoin/" rel="noopener noreferrer nofollow">DOGE</a>) maximalist.<blockquote>“Actually, this is the first I’ve heard of it. &lt;…&gt; “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?. &lt;…&gt; “I’m a Dogecoin maxi,” he said.</blockquote><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/25dc1ec98c67400ebd877d29b5716a3b.PNG" />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.<h2 id="header-0">PEPE’s spike in value</h2>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.Since its inception, PEPE has experienced a meteoric rise, with its value increasing by almost 5,000,000%. According to a recent <a href="https://finbold.com/jokes-aside-pepe-surges-120-to-become-worlds-3rd-largest-meme-coin/" rel="noopener noreferrer nofollow">report</a> by Finbold on May 1, the coin saw a spike of about 120% in a single day, pushing PEPE to become the third-highest meme coin.Pepe’s rapid growth can be attributed, in part, to its listing on various exchanges such as <a href="https://finbold.com/review/binance-review/" rel="noopener noreferrer nofollow">Binance</a>. However, the recent listing on Binance has helped propel the token’s price to new heights, outperforming the broader market in gains.As a result, PEPE’s onchain metrics have also shown impressive growth. As of May 10, <a href="https://twitter.com/Cryptolaxy/status/1656259457578352640" rel="noopener noreferrer nofollow">data</a> from Cryptolaxy indicated that PEPE had the highest network growth among <a href="https://finbold.com/cryptocurrencies" rel="noopener noreferrer nofollow">cryptocurrencies</a>, based on the number of new addresses that had transferred the token for the first time.With 4,039 new addresses, PEPE ranked first, followed by GALA (<a href="https://finbold.com/cryptocurrency/gala/" rel="noopener noreferrer nofollow">GALA</a>) with 1,392 and Siba Inu (<a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a>) with 1,089.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2e7b2dd893a242ee851b8883a529d281.png" />Tokens by daily network growth. Source: CryptolaxyCurrently, 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.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>

Pepe the Frog meme creator unaware of PEPE coin, prefers DOGE

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