Memecoin mania: Social relevance, speculation drives PEPE surge

Memecoins have been part and parcel of the cryptocurrency space since the inception of [Dogecoin back in 2013], with fortunes made and ruined in equal measure. But a new token on the block caused a stir in recent weeks, as Pepe (PEPE) grabs a chunk of the memecoin market share from plucky investors.

As previously reported by Cointelegraph, PEPE [saw a 2,000% boom in value] following its launch in late April 2023. The token’s rally is primarily attributed to zealous memecoin hype, with the project widely shared on Twitter over the past month

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