Investors are becoming cautious about the unpredictable market as the cryptocurrency market undergoes a correction, causing PEPE and other Memecoins to experience significant losses.
David Gokhshtein, the well-known influencer in the cryptocurrency world and founder of Gokhshtein Media, recently questioned Elon Musk, the CEO of Twitter, about the possible suppression of tweets and memes related to the Pepe (PEPE) meme cryptocurrency.
Over the past week, Pepe Coin (PEPE) has emerged as a standout performer in the cryptocurrency industry, with its value skyrocketing by an astounding 900%. In the last 24 hours alone, it witnessed an additional 60% surge, propelling its market capitalization above $1 billion.
The PEPE memecoin has made waves in the cryptocurrency industry, managing to enter the top 100 cryptocurrencies by market cap in just two weeks. This sudden rise has caught the attention of many investors and enthusiasts alike, leaving them wondering what the fuss is all about.