Pepe

<ul><li>The PEPE token price declined by over 8% in the last 24 hours.</li><li>Analysts predict the PEPE token holds risk.</li></ul>The largest Pepe coin (PEPE) <a href="https://thenewscrypto.com/crypto-investor-makes-1m-in-4-days-with-pepe-tokens/" rel="noopener noreferrer nofollow">holder has more than $1 million worth of the token</a> under their control. That indicated the “risks of concentration” looming over the near-term future of the popular memecoin.Analysts have expressed concern over the actions of investors who purchased relatively large amounts of Pepe after its issuance on Ethereum, <a href="https://thenewscrypto.com/pepes-rollercoaster-ride-from-all-time-low-to-new-milestone/" rel="noopener noreferrer nofollow">increasing the coin’s value</a> from $1,200 to over $9 million in just a week.<h3 id="strong-new-meme-token-risk-alert-strong">New Meme Token Risk Alert</h3>The <a href="https://thenewscrypto.com/pepe-token-outperforms-top-cryptocurrencies-whats-the-reason/" rel="noopener noreferrer nofollow">hype surrounding the frog-themed</a> token last week resulted in a market capitalization jump from a few thousand dollars to over $150 million, attracted a lot of liquidity from traders, and sparked the creation of numerous similar tokens on other blockchains.The majority of degenerate Crypto Twitter traders appear to be switching their interest from leading meme tokens such as Shiba Inu (SHIB) and Dogecoin (DOGE) to Pepe the Frog branding. Also, cryptocurrency investors exchanged multi-trillions in just a few days. According to data from Etherscan, over 30 billion PEPE tokens were traded in just the last 12 hours.However, the new memecoin hype may hold risks in the future due to the unusual activities and price actions. Further, the PEPE price dropped over 15% earlier in the morning. Despite this setback, bulls are recovering and are down by over 8% in a day. Currently, <a href="https://thenewscrypto.com/tag/pepe/" rel="noopener noreferrer nofollow">Pepe trades</a> at $0.00000025 with a 24-hour trading volume of $40 million and a market cap of $104 million.Continue reading <a href="https://thenewscrypto.com/pepe-token-hype-does-it-hodler-have-risk/" rel="noopener noreferrer nofollow">&#64;TheNewsCrypto</a>

PEPE Token Hype: Does It HODLer Have Risk?

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