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Meme coins are rightfully known for their price volatility, in addition to their fun themes. Many of these coins have a strong and loyal following as well. PEPE, one of the more notable meme coins in recent years, has had its community damaged by claims of rug pulling and mismanagement, a fracture that resulted in forking. Essentially, this means that a group copied Pepe’s original code, modified it to varying degrees and built it up as a distinct entity or project using the same blockchain.
Key Takeaways:
PepeFork is a frog-themed meme coin derived from the popular Pepe token. It developed out of the community's discontent with the managing team, and has been a remarkable success.
It aims to change the landscape of community-driven meme coin projects.
PepeFork is a frog-themed meme coin derived from the popular Pepe token. It developed as a result of the Pepe community's discontent with the managing team, and has been a remarkable success.
The Pepe team has faced extreme discontent within its community for the past several months. Pauly0x, a popular crypto Twitter/X user and founder of the Pond0x (POND) meme coin project, created PepeFork as one of a few true community-driven projects offering future utility. Specifically, the purpose of the PepeFork crypto community was to rebuild confidence in a token that offered true utility.
The PepeFork team plans to create an NFT trading card game, and to collaborate with other existing token projects. In less than a week, this pink-inspired Pepe with a frog aesthetic rose to great fame, as the PepeFork token needed less than 48 hours to surge more than 450%. Its market cap hit $3 million soon after the project’s launch on MEXC and Uniswap.
Pepe is an Ethereum-based meme coin. The “OG” Pepe boasts a market cap of $380 million and ranks as the fifth largest meme coin in the world.
The popular Pepe token was the cause of a major cryptocurrency frenzy in 2023, during which numerous crypto investors turned several dollars into millions in a brief period of time. However, amid the investors’ rush to participate in this rush, Pepe was inundated with accusations of being a Ponzi scheme.
Pauly0x is one of the influential figures in the crypto industry who originally shed light on the questionable distribution of PEPE tokens. Specifically, they accused these other influential figures at Pepe of concocting and running a Ponzi scheme. At the same time, they claimed that Pauly0x is running their own scam with PepeFork. Pauly0x claims that their project is legitimate. The outcome of this feud is yet to be seen.
PepeFork is transparently designed to directly counter the OG Pepe community's discontent. In addition, this frog-themed meme coin that runs on the same blockchain as Pepe stands apart with a focus on future utility, which PepeFork will accomplish through its NFTs. This project has benefited from a viral marketing campaign focusing on integrity that’s ultimately made it a remarkable overnight success.
The PepeFork native token, PORK, has a supply of 420.69 trillion. This pink-inspired PEPE fork launched on Jan 30, 2024, and its price immediately spiked 940%. At that time, PepeFork beat out Baby Doge Coin. However, its value quickly settled. Nonetheless, at the end of February, the PepeFork token’s value saw growth of more than 237%.
The market cap of the popular PEPE token hit $3 million less than a week after the project’s launch on MEXC and Uniswap. In comparison, the PORK token’s launch reached a $200 million market cap within 48 hours. It currently sits in the fifth spot for meme coins in terms of market cap. The popular Pepe project had been the center of attention among meme coins for months before the circumstances leading up to the Pepe fork took place.
The current price of PORK (as of Mar 14, 2024) is $0.0000005239, with a market cap of $173 million and a 24-hour trading volume of $7.9 million.
As a distinct entity from the original PEPE token, and with planned future utility, PepeFork aims to change the landscape of community-driven meme coin projects. While the Pepe team has claimed that Pauly0x is involved in shady practices, this allegation hasn’t been proven. PepeFork saw its native token, PORK, skyrocket for a brief period after its launch.
The PepeFork token stands apart from the unique PEPE by referencing integrity, which has created a strong, positive buzz around PepeFork from day one. While interest remains strong, it’s important to use caution when trading cryptocurrencies, which are volatile in nature. Always conduct thorough independent research before making an investment.
PepeFork was created as a fork of the existing PEPE token. Its purpose is to build on the strengths of the Pepe project, while directly tackling the alleged corruption of the Pepe team. PepeFork has a unique future utility that the original and unique Pepe token lacked. As a result, PepeFork is an evolving project with its own potential for growth.
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