Glauber Contessoto, popularly known as “Dogecoin Millionaire” took to his Twitter page to declare Pepe coin (PEPE) as officially dead. PEPE which burst into the crypto market in April 2023 has been making waves since its launch and had succeeded in printing several millionaires investing in meme coins.
However, since its bull rally at the beginning of May, the price of the coin seems to have been on a steady downtrend as very typical of the highly volatile meme coins.
While some investors are hopeful that the price might just bounce back and continue its trend, others believe that the hype behind the project is “dead” signifying the end of the hype.
In a recent Tweet, Glauber, and @DogeWhaleAlert, an account that tracks Dogecoin transfers shared their opinion on what they think about PEPE. The latter shared a screenshot of Pepe coins’ (PEPE) price chart from CoinGecko which showed the continuous fall in the price of the coin. Also, on the same thread, DogeWhaleAlert posted a picture of a crashing arrow in a graph with the caption “The future of $pepe.”
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Um $pepe https://t.co/Nr9bzRQCtO pic.twitter.com/RAIDJPaJU9
— Ðogecoin Whale Alert (@DogeWhaleAlert) May 30, 2023
Similarly, Glauber Contessoto shared a tweet on his page with the caption “$Pepe is officially dead.” Glauber made headlines back in 2021 when he earned the name Dogecoin Millionaire by investing $250,000 in DOGE. At the time of the investment, he bought DOGE at the price of 4.5 cents, and in a few months, the price of DOGE skyrocketed to 73 cents. During this time, the total value of his held DOGE crossed $2 million.
$PEPE IS OFFICIALLY DEAD 🐸🚫
— SlumDOGE Millionaire (@ProTheDoge) May 30, 2023
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Community reactions
While Glauber and DogeWhaleAlert have valid points in their opinions, some people in the community don’t seem to agree. Reacting to Glaubers’ comment, a Twitter user “Crypto Jesus” replied saying rather than being skeptical, Glaubers’ tweet want to make him buy PEPE even more.
He went ahead to liken Contessoto’s tweet to that of Jim Cramer. For context, Jim Cramer runs the CNBC Investing Club and is the host of CNBC’s “Mad Money.” He is also a financial expert and an advocate against cryptocurrency.
In Glauber’s response, he said that nobody took his advice when he previously told everyone to sell their holding at the time he called PEPE’s market cap at $1.5 billion, and since then the price of the coin has continued to plummet.
Was it Jim Cramer levels when I called the top at 1.5 Billion mcap and told everyone to sell and no one listened to me? Then it just continued to dump day after day after day…?
— SlumDOGE Millionaire (@ProTheDoge) May 30, 2023
Pepe (PEPE) price today
According to live data from CoinMarketCap, the price of PEPE coin today is $0.000001235. PEPE is down by 10.10% in the last 24 hours. What’s more, it is now ranked #82 on the CoinMarketCap chart with a live market cap of $483,546,415.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.