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PEPE quietly pulled off a 100% rally earlier this week, raising questions on whether the frog-themed memecoin will become a serious Dogecoin competitor. A few months ago Pepecoin came and went, bringing quick, unimaginable riches to early investors and turning latecomers into reluctant bag holders. While the chart resembles the standard crypto pump-and-dump scheme, Pepecoin’s (PEPE) price action this week suggests that the frog-themed token could be the newest contender to Dogecoin (DOGE) in the memecoin sector. Dogecoin has dominated the memecoin space for years. Many copycats of dog-themed tokens, like Shiba Inu (SHIB) and Floki (FLOKI), have challenged DOGE’s position over the years but eventually faded. SHIB briefly surpassed DOGE in market capitalization after rising 1,000% to a peak valuation of $41.1 billion on Oct. 28, 2021. At the time, Dogecoin’s market capitalization was $31.5 billion. However, the near-vertical rally faded in the following weeks, and Dogecoin reclaimed i...

It appears that Coinbase sent an email to its customers referring to the popular memecoin Pepe Coin (PEPE) as a “hate symbol” used by alt-right organizations. The email has attracted significant backlash from the crypto community. Some have even called for boycotting the U.S.-based crypto exchange. Popular crypto influencer Borovik.eth shared a screenshot of the May 10 email. The email refers to an Anti-Defamation League decision from 2016, to add the “Pepe the frog” meme character to its database of online hate symbols. Why is @ COINBASE sending out emails telling people that $ pepe is an alt-right hate symbol?? pic.twitter.com/UNzClQlwwv — borovik.eth (@3orovik) May 11, 2023 Coinbase’s description of the crypto project infuriated Pepe Coin supporters and users, who demanded that the exchange offer an apology. Some have even urged users to delete their Coinbase accounts. One Twitter user by the name of “Kenobi,” has come out in support of the popular memecoi...