Can PEPE make a comeback? Traders, analysts and Pepe maxis weigh in

[newshunter]

Can PEPE make a comeback? Traders, analysts and Pepe maxis weigh in

Cointelegraph also spoke to developers purportedly behind a new PEPE token spin-off, who claim the new one is everything “the old Pepe token should have been.”

Source: Can PEPE make a comeback? Traders, analysts and Pepe maxis weigh in

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[cryptoworld1]

The biggest new memecoin of 2023, Pepe (PEPE), suffered one of the worst possible fates that can befall a new crypto asset — a partial rug pull after its anonymous developers abruptly sold nearly $16 million worth of the token on Aug. 24.

The official Pepe X (formerly known as Twitter) account explained the drop was due to “three ex-team members” going behind their back and selling the tokens without their knowledge — a move that saw the price of Pepe plummet as much as 26% in the days following, without much respite.