PEPE Crypto Token Price Pumps, but Liquidity Issues May Hinder Investor Profits
The Price of the PEPE token has surged in the past few days, resulting in a significant increase in its market cap. As of today, the fully diluted market cap of PEPE stands at around $131.5 million, ranking it at #2604 by market cap on CoinMarketCap. In comparison, FLOKI, another meme coin, is ranked #111 with a fully diluted market cap of $664.8 million.
However, it is important to note that investing in meme coins, such as PEPE, can be extremely risky. While it may be tempting to invest in a token that has seen such significant gains, investors should exercise caution and be aware of the potential risks associated with investing in meme coins. The speculative nature of these tokens means that they are subject to volatility and may not provide the expected returns.
Furthermore, liquidity issues may also arise when it comes to selling PEPE tokens. According to a report by Decrypt, a crypto investor swapped 0.125 ETH for 5.9 trillion PEPE tokens four days ago, which were worth $250 at the time. Today, those tokens are worth $1.02 million, but the investor may face difficulties while trying to sell them due to liquidity issues around the token.
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