PEPE Coin Price Rises Drastically, Here's Indodax CEO Comments

Photo: PEPE Coin Image (photo: PEPE Coin twitter)

JAKARTA - At the end of this, the development of the crypto market was shocked by a new crypto with a green frog called PEPE Coin (PEPE). This crypto has risen dramatically in the last 30 days.

On Sunday, May 28 at 08.48 WIB, the price of PEPE on the Indodax platform was USD 0.00000553 which was sold for USDT pairing.

Indodax CEO Oscar Darmawan explained, PEPE is a crypto meme launched by its developer (which is currently still anonymous) around mid-April 2023 and built on the Ethereum blockchain.

"Animo against PEPE Coin is big. PEPE Coin immediately shot up in 71st position even though it was only launched about a month ago," Oscar said in a statement received in Jakarta.

According to him, this is not surprising considering that based on data in the last 24 hours, the volume of PEPE Coin was recorded at $175,846,250, equivalent to nearly 2.6 trillion rupiah.

"Seeing the huge interest of the world community towards PEPE Coin, now Indodax members have been able to buy and sell PEPE Coin since May 18, 2023," explained Oscar.

Since listing on May 18, 2023, PEPE Coin, which is paired with USDT in the Indodax market, has tended to increase. In fact, on May 21, 2023, PEPE Coin experienced its highest price at USD 0.00000190 since its listing on Indodax until now.

However, even though PEPE Coin has received massive attention, as a crypto industry actor, Oscar still reminds that crypto investors need to be careful and continue to carry out the right fundamental and technical analysis. Do not let investors get trapped by FOMO

Not to forget, Oscar advised investors to read the whitepaper from the crypto itself which explains the people behind the project, the roadmap of the crypto asset, which explains what has been created and will be done.

"Investors can also observantly look at the community, social media, news related to PEPE Coin, and access CoinMarketCap or CoinGecko to see about the PEPE Coin," he concluded.