Dogecoin Millionaire Declares Pepe Coin Dead: Is $PEPE Officially Over?
Is this the end for Pepe Coin? Glauber Contessoto, self-dubbed a “Dogecoin millionaire”, has delivered a stark verdict: $PEPE IS OFFICIALLY DEAD 🐸🚫. The controversial statement has sent ripples through the crypto community, especially following the recent price slump of Pepe Coin.
Dogecoin millionaire declares PEPE dead – but is it premature? This follows the recent price slump of Pepe Coin. PEPE is down by over 71% since its all-time high, prompting concerns about its long-term viability. The pronouncement from a figure like Contessoto, who famously made his fortune through Dogecoin, carries significant weight.
Glauber Contessoto, popularly known as Dogecoin Millionaire took to his Twitter page to declare Pepe coin (PEPE) as officially dead. In his defense, the Dogecoin millionaire underlined how he rightly identified the Pepe Coin top when its market cap was around 1.5 billion and asked investors to sell. Well-known tracker @/DogeWhaleAlert have voiced their concerns over PEPE’s ongoing plunge.
The bearish sentiment surrounding Pepe Coin is fueled by its volatile nature. Pepe Coin made its crypto market debut last month. Right after its launch, it managed to garner attention and become traders’ go-to coin for making quick gains. Parallelly, questions remain about its underlying utility and long-term sustainability.
However, not everyone agrees with Contessoto's assessment. Twitter user Crypto Jesus responded to Contessoto, stating that his tweet has caused an opposite reaction in him, making him want to buy Pepe. The controversy highlights the divided opinion on the future of this meme coin. Is this a buying opportunity, or should investors heed the warning of the Dogecoin millionaire?
Interestingly, while Contessoto is bearish, reports indicate that up to $20 million worth of Pepe coin has been withdrawn from centralized exchanges and moved to cold storage, signaling confidence from some holders. This suggests that a segment of the market believes in Pepe's potential for recovery, even in the face of negativity.
Meme coins, which Glauber Contessoto, a millionaire known for his success with Dogecoin, recently expressed on Twitter that Pepe Coin has met its demise, declaring it officially dead. The future of Pepe Coin remains uncertain. Will it bounce back and prove the Dogecoin millionaire wrong, or is this truly the end of the road for $PEPE? Only time will tell.