The crypto market is hosting another meme coin mania as Pepe pumps 90% on the weekly chart.
While it remains to be seen whether it’s too late to buy Pepe, investors are stocking up on Chimpzee coins for a massive price action. The wildlife-conservation meme coin is predicted to pump 30X to 50X on its token launch.
Chimpzee is currently in the presale stage, which is closing in on an early sell-out after raising $1.7M.
6.9 Trillion $PEPE Removed From Circulation
Pepe’s recent surge has two factors working behind it.
First, the meme coin recently burnt 6.9 trillion $PEPE coins out of circulation. Second, Bitcoin’s 20% surge to $35K has breathed new life into the broader market.
The token burn comes as a response to concerns surrounding the team’s multi-sig holdings, prompted by inner conflicts within the team. According to a team member, some members have been engaging in questionable behavior for a while now, obstructing the team’s efforts to use multi-sig tokens for donations or purchases. The ex team members accessed multi-sig wallet without authorization, effectively stealing 16 trillion (60% of the 26 trillion) tokens and sending them to exchanges for sale.
6.9T $PEPE Tokens worth ~$6,000,000 have been burned. https://t.co/aN5LRUFz8u
A new team of advisors have been brought on to guide Pepe forward. Uses for the remaining 3.79T tokens attributed to the original team CEX multi-sig wallet for strategic partnerships and marketing… pic.twitter.com/JN3ssvH0XL
— Pepe (@pepecoineth) October 24, 2023
Following the burn, the team’s token holdings are now reduced to 3.79 trillion PEPE, a small share of the total supply. Pepe’s 24-hour trading volume of $400+ million will brace the price action against more sales from team members. The meme coin is now priced at $0.000001212.
Pepe 7-day price action, CoinMarketCap
The meme coin market, in general, is experiencing a resurgence with Dogecoin and Shiba Inu also recording notable surges in recent days. But the spotlight is stolen by Chimpzee – a wildlife-conservation token that comes with meme elements.
Pepe Investors Are Also Buying Chimpzee
Pepe’s recent price action is primarily driven by retail investor interest and social media buzz. Without any substantial utility or integrations, whether Pepe can sustain this momentum remains uncertain. Although the recent token burn demonstrates the team’s dedication, Pepe is not built to be a long-term sensation.
In contrast to meme coins like Dogecoin and Shiba Inu, which later incorporated practical applications, Pepe stays true to its meme coin make-up and has refrained from exploring any use cases. It is a “meme coin with no intrinsic value or expectation of financial return, completely useless and for entertainment purposes only,” according to the website.
As a result, Pepe is likely to fade into oblivion if it continues along the same path.
Despite the recent momentum, investors are moving onto greener pastures as Pepe’s relevance beyond 2023 is blurry as of now.
This is where Chimpzee comes into the picture.
The wildlife conservation project changes the popular narrative of meme coins with relevant real-world use cases that have the potential to garner widespread attention from around the world. By integrating crypto rewards into environmental efforts, Chimpzee appeals to a broad spectrum of users, including Gen Zs who have a growing community of sustainability-conscious users within their demographic.
At its core, Chimpzee allows eco-conscious users to earn passive income through various means. This includes shopping, trading NFTs, and engaging in an eco-conscious game called the Zero Tolerance Game.
Chimpzee has partnered with organizations like One Tree Planted, WILD Foundation, and Rainforest Rescue to power its initiatives.
Simplifying Wildlife Conservation for Everyone Who Cares
Chimpzee’s primary goal is to simplify and enhance engagement in wildlife conservation efforts. It implements a unique plan to achieve this objective.
First and foremost, users are not making direct donations to wildlife conservation through Chimpzee. Instead, they are investing in CHMPZ tokens to participate in the eco-system and later buy the NFT Passport to earn the most rewards and benefits. The cryptocurrency investment appreciates in value over time depending on the ecosystem expansion and market trends.
The Chimpzee ecosystem consists of the following:
The first is the Chimpzee Shop, which functions as a shop-to-earn merchandise store, where users can purchase items like t-shirts, tank tops, and mugs featuring messages of environmental awareness.
Chimpzee Shop has been unveiled to the public, although the purchasing options are not yet active. The second version of the shop will be launched soon with full-fledged features. In addition to supporting purchases, it will allow users to earn passive rewards in CHMPZ tokens as they make purchases.
The next is the Chimpzee NFT Store, which is currently under development and will operate as a trade-to-earn NFT store with a profit-sharing mechanism.
The Zero Tolerance Game, the play-to-earn wing of the ecosystem, is designed to raise awareness about the significance of wildlife conservation with engaging gaming mechanics and rewards.
Little Time Left to Buy CHMPZ
This dual nature of CHMPZ tokens, serving as both a financial and social investment, makes the meme coin a compelling choice now. On listing, the meme coin has the potential to kindle a strong price action, outperforming Pepe.
The Chimpzee presale is now in its last Chimpzee Bronze phase. The presale offers exciting bonuses up to 4X for early investors, making it an opportunity to not pass on.
(To calculate the cost of your presale purchase, taking the bonus into account, visit http://chimpzee.io/calculate.)
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