{"id":416837,"date":"2023-07-09T03:38:58","date_gmt":"2023-07-09T03:38:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=416837"},"modified":"2023-07-09T15:33:25","modified_gmt":"2023-07-09T15:33:25","slug":"new-meme-coins-wrapped-pepe-pepe3-0-pumping-on-dextools-shitcoins","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/new-meme-coins-wrapped-pepe-pepe3-0-pumping-on-dextools-shitcoins","title":{"rendered":"New Meme Coins Wrapped Pepe, Pepe3.0 Pumping on DEXTools – Shitcoins?"},"content":{"rendered":"

New meme token WPEPE has a low community trust of 46% after 400+ votes, and Pepe3.0 has a modifiable tax and other issues, according to DEXTools. Despite these shortcomings, both tokens have received massive pumps within the short time they have been live.<\/p>\n

Are these shitcoins signaling a dump is on the way?<\/p>\n

WPEPE Surges By 62000% Within 12 Hours of Being Live<\/strong><\/h2>\n

The memecoin<\/a> known as Wrapped PEPE went live on Uniswap on 7th July and went up by a massive 62000% within 12 hours. The surge in price was followed by a correction, but the subsequent slump was not steep. The memecoin is currently accumulating around the $0.0086 mark.<\/p>\n

\"WPEPE<\/p>\n

Checking out this token’s DEXTscore<\/a>, we found it has a full score. However, the community trust factor is only 46 – which has increased to 51 at press time. It has only a 0.01% sell tax, and no buy tax is imposed on investors.<\/p>\n

In terms of description, nothing is available. It is clear that WPEPE is attempting to replicate the success of the Pepe token – as indicated by its five-digit increase within a 4-day time frame.<\/p>\n

WPEPE’s current RSI indicates that people are slowly veering away from this token. It is likely that investors are trying to salvage any last-minute gains from this asset before the slump sets in.<\/p>\n

Pepe3.0 Reclaims Its Growing Path After Long Consolidation<\/strong><\/h2>\n

Pepe3.0 is another memecoin whose issues investors have decided to overlook to indulge in their memecoin buying spree. This token, which has no relation with Pepe 2.0 or Pepe – launched on 27th June 2023 and quickly moved up in the chart.<\/p>\n

\"Pepe<\/p>\n

A slump set in on 30th June 2023, which pushed Pepe3.0 into a consolidation zone. Dextools<\/a> show that after consolidating for four days, Pepe3.0 started to move up in the price charts again. It peaked at $0.0000000112 following the same trajectory and has now started to retrace within a tug-of-war going on between bulls and the bears.<\/p>\n

The current scenario makes it seem that the Bears will likely win.<\/p>\n

Pepe3.0 has a barrage of issues, including modifiable tax, a larger sell tax than usual (1.55%), hidden owner, and pausable transfers. The token is also antiwhale modifiable. This indicates that only the presence of the current greed index – which, according to alternative.me<\/a>, is 55% – is driving the value of this token.<\/p>\n

\"Greed<\/p>\n

WPEPE and PEPE3.0 – Shitcoins Signaling Dump?<\/strong><\/h2>\n

With so many red flags in both WPEPE and Pepe3.0’s case, it is clear that they are short-term shitcoins that can dump at any moment. They don’t have any utility or a community behind them. Coinmarketcap and other legitimate websites aren’t tracking them. And no one on Twitter is talking about them.<\/p>\n

We did come across an official Twitter page for Pepe3.0, but the community response to it has been lukewarm.<\/p>\n

\n

Fair Launch Link: https:\/\/t.co\/x68RlquCUz<\/a><\/p>\n

Fair Launch LIVE On Pink Sale | Fair Launch End Time 23st May 04:00 PM (UTC) Max contribution: 0.35 BNB <\/p>\n

Audit: In process<\/p>\n

Socials:
Telegram: https:\/\/t.co\/0SWosM0KGq<\/a>
Website: https:\/\/t.co\/5I5ppk41rB<\/a><\/p>\n

— PEPE 3.0 (@Pepe3Official) May 22, 2023<\/a><\/p><\/blockquote>\n