Major economist steve_hanke likens crypto to a frog. PEPE $BTC
that prove it is not a currency for him but a highly speculative asset. Those are unreliability, lack of stability and susceptibility to fraud. These factors will continue to plague Bitcoin, Hanke believes.Curiously, the comparison of crypto with a frog clicks associations with the newly emerged cryptocurrency based on the Internet meme Pepe the Frog – PEPE. It was launched in April this year and has already become a popular trend.
Earlier today, it spiked by over 51%, according to CoinMarketCap. At the moment, PEPE is trading at $0.000001657 and shows a more than 71% surge.Recently, PEPE surpassed the original meme coin DOGE in daily trading volume and scored listings on several major crypto exchanges. Rumors have it that the frog-themed meme coin support is about to be added by Coinbase too.
In the meantime, “Smart Money” wallets have begun making hunting PEPE. This data was provided by the analytics account @lookonchain. According to it, an early SHIB investor, who holds more than 92 billion Shiba Inu This amount of PEPE is now evaluated at $95,610, per @lookonchain. Another whale, per the same source, bought nearly 2 trillion PEPE too earlier today.
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