The Evolution of Pepe the Frog from Cartoon Character to Meme Currency PEPE Cryptocurrency
The success of meme coins largely depends on the community support behind them. For example, Dogecoin saw a significant increase in value due to support from celebrities like Elon Musk. However, meme coins are more susceptible to manipulation by whales or influential figures due to their smaller market size. Figures like Musk can easily cause a spike in Dogecoin by posting a dog image on Twitter, but he has also faced a $258 billion lawsuit from Dogecoin (DOGE) investors accusing him of a “pyramid scheme”.
