The RER memtoken rate fell by 20.7% per day

The value of the Ripple memcryptocurrency, which appeared on the market in April, dropped by 20.7%. The drop came a few days after the coin’s exchange rate rose by 91.3% and its capitalization exceeded $ 1 billion.

The reasons for the sharp drop in PEPE are currently unknown, but not unexpected — memecoin is a risky digital asset, investments in which can lead to a loss of funds. PEPE developers can: blacklist an unlimited number of addresses, change the number of tokens available for trading, and limit the number of transactions with the asset.

PEPE’s trading volume over the past day amounted to $ 700 million, and the token is currently ranked 53rd in the list of the top 100 cryptocurrencies. Over the past week, RER grew by 208.7%, and in 14 days — by 607%.

on May 5, the largest cryptocurrency exchange Binance added PEPE and FLOKI to its list, despite analysts' warnings. This news influenced the growth of RER. Altcoins are available in the following trading pairs: FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD.

We would like to emphasize that experts do not advise users to invest in little-known digital assets, as their growth is often driven by bots and pump schemes. Researchers at GoPlus analyzed the PEPE memcoin smart contract and found three suspicious features. The data aggregator CoinMarketCap even added a note about the possible danger of the token, but later removed it. Any fraudulent activity can significantly affect the wallets of investors who continue to invest in a little-known but rapidly growing digital asset.