Dogecoin Community Declares “Pepe Coin is Officially Dead”

• Dogecoin millionaire declares PEPE dead.
• This follows the recent price slump of Pepe Coin.
• PEPE is down by over 71% since its all-time high.

Meme coins, which frequently feature popular creatures such as cats and dogs, have been a common presence in the cryptocurrency sector. Pepe Coin, a new player in this arena, has recently debuted, grabbing engagement with its outstanding price performance. Early Pepe Coin investors saw substantial gains ranging from hundreds to millions of dollars.

However, the trending meme coin is down by 71.6% since its all-time high of $0.000004354. PEPE is also down by 8.9% in the last 24 hours. In response to the plunging prices, a former Dogecoin millionaire and DOGE whale wallet has responded to the downward movement of PEPE’s price.

Dogecoin millionaire says PEPE is officially dead

Glauber Contessoto, who is quite often referred to as the “Dogecoin millionaire,” has recently taken to his Twitter account to state that Pepe Coin is officially dead. In response to Contessoto’s tweet, the Twitter user “Crypto Jesus” expressed an unexpected reaction, finding himself inclined to purchase some PEPE. Drawing a comparison, he likened the “Dogecoin millionaire” to Jim Cramer, the renowned host of CNBC’s Mad Money and a well-known critic of cryptocurrencies.

Interestingly, Cramer recently underwent a transformation in his views, transitioning from being a Bitcoin advocate to becoming a critic of not only Bitcoin but also other prominent cryptocurrencies.