The cryptocurrency whose value increased by 1198% in 14 days is named

Cryptocurrency analysts have identified a token that managed to grow by 1198% in 14 days — PEPE. However, experts do not advise users to rush to invest in a little-known digital asset, as bots and a pump scheme are behind its growth.

According to CoinGecko, the past 24 hours have been extremely successful for REPE, with the digital asset growing by 78% and 208% over the past week. The token’s market capitalization is $ 404 million.

Representatives of the Lookonchain analytical platform shared data on the dimethyltryptamine cryptocurrency. eth, which owns PEPE, and its activity on the markets. The user sold PEPE every time the price of the coin increased. Thus, yesterday, the investor sold about 100 billion PEPE for 21 ETH, which is about $ 40,000.

This particular user managed to become a cryptocurrency millionaire by investing only $ 260 in PEPE. However, due to problems with the token’s liquidity, the newly minted millionaire has little chance of realizing the profit. Even if the demand for PEPE does not decline, it will take 46,200 years to sell 5.9 trillion PEPE tokens (the same amount purchased by dimethyltryptamine. eth).