PEPE Soars 399.9%, Shaking Up Memecoin Landscape

• Pepe the Frog-themed crypto surged 399.9%, leading the memecoin rally.
• David Gokhshtein argues that PEPE is following the pattern of another memecoin.
• The success of Pepe has overshadowed the recent dog-themed memecoin rally.

Pepe’s Rise in Popularity

Pepe the Frog has become a cryptocurrency soaring in triple digits, entering the TOP 300 by global market cap after being tracked on CoinGecko. The token based on another famous internet meme, Wojak (WOJAK), also surged 158.7% in the last 24 hours, while Kermit the Frog (KERMIT) added to these three new coins based on popular memes.

Impact on Other Memecoins

The rise in popularity of Pepe’s coin overshadowed the recent dog-themed memecoin rally as neither DOGE, SHIB, nor FLOKI reached triple-digit gains during this run. Dogecoin and Shiba Inu both slipped by 6%, while Bonk gathered comeback efforts with 50% gains in a day due to its constant use as a tipping coin in SOL communities.

David Gokhshtein’s Analysis

Memecoin-focused emerging crypto entrepreneur David Gokhshtein took to Twitter to assure his audience that Pepe (PEPE) is not a suitable replacement for Dogecoin (DOGE). While claiming that Pepe is unlikely to grow into a popular project like Shiba Inu (SHIB), Mr. Gokhshtein sees much resemblance between PEPE and BONK which outpaced both Dogecoin and Shiba Inu during its first two weeks with 4,424% gain but soon faded almost falling out of TOP 1000 by global market capitalization recently returning with 50% gains in a day.

Copyright Infringement?

The recently emerged PEPE is in danger of a lawsuit for copyright infringement, as the creator of the original Pepe meme has a troubled relationship with crypto and digital assets industry users who appropriated it without permission or payment for usage rights since it became an internet sensation back in 2005.


The success of Pepe and other meme coins shows that there exists potential for digital assets based on popular internet memes if done correctly and respectfully towards intellectual property rights holders; however, investors should be aware that these projects have short lifespans if they don’t continue delivering value over time or lack proper legal protection from copyright infringement lawsuits due to their unique characteristics compared to traditional cryptocurrencies such us Bitcoin or Ethereum.

PEPE Soars 399.9%, Shaking Up Memecoin Landscape
Nach oben scrollen