How someone with Pepe converted $ 27 in $ 1 million within a few days, but there is a catch

How someone with Pepe converted $ 27 in $ 1 million within a few days, but there is a catch

move via Shiba-Inu brands. There is a new Memecoin in the city-Pepe-and this is after the internet meme Pepe the Frog.

The team behind Pepe explained that "the dog time is over", while Pepe as "the most memorable Memecoin that exists" branded.

The token was introduced on April 17 and has been experiencing a rally since then. In less than a week, Pepe rose to a market capitalization of $ 137 million and increased enormously during this period. After the explosive price increase, this token made early investors with a green frog and a humanoid body. However, it will not be so easy to realize these profits.

pepe millionaire

Due to the meme culture, investors flow into the digital asset in the hope of repeating the success of other cryptos such as Dogecoin (Doge) and Shiba Inu (Shib). Pepe also managed to deliver incredible returns to investors. An investor converted his $ 27-dollar investment in a whopping $ 1 million, but it is not easy to be paid out completely, especially because of the liquidation concerns.

In addition to the lack of buyers, the presence of sufficient liquidity must also be taken into account, which is typically concentrated in automated market maker pools.

a market analyst, Grzegorz Drozdz, explained Years would take to liquidate the investor's pepe tokens, provided that demand would not decrease. An attempt to get out of the position could have a drastically negative impact on the price of the crypto asset. This would mean that Pepe's price could fall below the purchase level.

However, the liquidity of the token is expected to improve with more notations by the crypto exchanges.

centralization

Although it was just launched, many have pointed out centralization concerns in the crypto community. Six tokens were observed over 1 million dollar in Pepe.

Such a degree of centralization could mean trouble, since these owners have massive power over the price of the token. Stories of investors who became millions were further speculated to be a honeypot to lure unsuspecting investors into the resulting ecosystem.

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