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Pepe Coin (PEPE) surprised many with its return to relevance in the month of June, surging by a remarkable 85%. Yet, with its recovery seeing many profits taken from the meme coin, what could be next for the asset? Well, the data is seemingly presenting a mixed bag for investors.  On-chain data shows that many long-term investors are starting to book profits from the asset. Yet, there are many who expect a price correction for the asset. Subsequently, could its 85% bounce back signal a return to relevance in the overall meme coin market for the asset?  Source: Finbold.com Also Read: Pepe Coin Becomes the 3rd Most Discussed Cryptocurrency in the World What Comes After PEPE’s 85% Bounce Bank? The meme coin market is long known as one of the digital assets most volatile. Yet, it is also well known for its passionate community of investors, which has seemingly propelled a lot of projects to the top of that particular market. Now, with one meme coin making a m...

Coinbase Responds To Controversy At the time of writing, the tweet that Grewal had posted got viewed over 650,000 times and was hailed with praise. While some Twitter users were quick to point out that Coinbase’s apologies arrived much too late, others cheered the company’s decision to bow down to the authority of the meme. advertisement Read More: Empower Oversight Sues US SEC Over Selective Enforcement On Crypto Late on Thursday morning, Grewal posted a tweet that read, “We screwed up and we are sorry.” He continued by saying that yesterday the team had discussed an overview of the “ PEPE meme coin in order to present a factually accurate picture of a topic that is currently popular.” However, Paul apologized to the community and added that the email did not paint the whole picture of the coin and evolution of the meme. We screwed up and we are sorry. Trending Stories Top...

The high gas fee is making transactions costly for users, while also pushing up prices amid demand for meme coins such as PEPE. advertisement Ethereum Gas Fees Reaches Yearly High According to data by Etherscan, the average gas prices reached 94 gwei and even hit a high of 184 gwei on May 5. The massive jump in Ethereum gas fees is due to the increase in demand for meme coins on the Ethereum network, making transaction costs higher. The hype surrounding PEPE meme coin and profits made by investors by trading in the meme coin is causing most people to swap their crypto including other meme coins to PEPE through Uniswap. The average transaction cost on Uniswap has jumped to $32.60. As per data, transactions on Uniswap alone have burned over 15,000 ETH in the last 7 days. Uniswap currently accounts for 35% of gas fees, becoming the top “Gas Guzzler” in the last few days. Trending Stories Bitcoin Price Predicti...