Pepe ($PEPE) has undoubtedly been one of the hottest-trending meme coin projects in 2023.
In fact, it’s been one of the only cryptocurrency projects in the industry that emerged this year and scratched the mainstream audience.
However, the growth of Pepe has somewhat stalled in recent weeks and started to collapse today.
Nevertheless, investors are starting to rush to the plethora of Pepe derivatives that have stormed onto the market.
In particular, one new Pepe derivative is starting to steal headlines as Pepe holders diversify part of their holdings into Evil Pepe ($EVILPEPE).
So, Pepe or Evil Pepe?
If you were looking to invest from today, which one should you invest in now?
Let’s take a look.
Pepe vs. Evil Pepe – A Quick History
Pepe entered the market in mid-April 2023 as a meme coin with relatively zero backing.
After a few weeks of slow growth, the meme coin started to explode in price during the first few days of May 2023, providing early investors with outlandish gains beyond 20,000%.
The cryptocurrency surged from a low of $0.000000188 in April to reach as high as $0.00000365 in the first week of May 2023.
The growth was so parabolic that the full extent of the price surge couldn’t even be measured with professional-grade tools on charting platforms like DexTools;
The surge allowed Pepe to quickly hit mainstream audiences as investors rushed to join the new Dogecoin or Shiba Inu.
The market cap for the token reached as high as $1.5 billion, solidifying its position as a meme coin heavyweight that could potentially rival the previous two champions.
Exchanges quickly scrambled to list the token as they sought to take advantage of the enormous trading volume, with Binance also getting involved.
However, by this time, the bulk of the surge had already passed, and early adopters that made millions of dollars from tiny investors started to take their profits.
The market cap of Pepe quickly declined, dropping from $1.5 billion to reach as low as $375 million by mid-June 2023.
It’s continued to fall today, dropping by an enormous 15%;
Despite the severe drop-off, the supporters behind $PEPE held firm, allowing the market cap to hold above $550 million – where it currently stands today.
Next Came the Pepe Derivatives Ecosystem
While $PEPE started to move sideways, new projects emerged that tried to replicate the success of Pepe.
A string of Pepe derivatives started to plague the entire meme coin sector, all claiming to be able to replicate the success of Pepe.
Some notable Pepe derivatives included Pepechain, PepeAi, McPepes, Pepecoin, PepeOriginialVersion, and OrdinalPepe.
However, one of the standout projects was Pepe 2.0, which reached a market cap high of just under $100 million.
Unfortunately, most of these Pepe derivatives died as quickly as they rose, showing how quickly meme coin investors move on if there aren’t any price pumps in the project.
The problem with all of the Pepe clones so far is that they failed to establish a community, had zero marketing behind them, and didn’t attract the attention of whales.
Until now.
Evil Pepe is one of the hottest-trending Pepe derivatives right now and is touted for at least 10x returns when it hits the market with a bang.
The project is building its community and has a wide-scale marketing campaign to ensure the momentum is sustained once it launches on exchanges.
The best news is that you can get invested right now on the ground floor, buying in at the lowest prices to ride the majority of the surge higher.
Evil Pepe – Time to Embrace Your Dark Side?
Evil Pepe seeks to become the final Pepe derivative in the string of clones.
The project is expected to hit the market with a bang by allowing degen investors to embrace their dark sides by buying the evil side of Pepe
Evil Pepe represents the mischievous side of the meme coin game.
He’s the voice inside your head that dictates all your shitcoin decisions, convincing you to invest in that next rug-pull project even when you know you shouldn’t.
With the allure of making riches, Evil Pepe is always there to defy conventional wisdom and make you ape into that shitcoin that makes zero sense.
Now, he’s back at it again – convincing you to ape into his project at the lowest prices before it hits the decentralized exchanges.
Evil Pepe is tired of the baseless Pepe clones and wants to create his own to put the others to bed.
#EvilPepeToken is going to change the landscape of Pepe tokens. We set the #Presale for 14 days, but it wont last that long.
He’s coming for you and your degen heart
Website: https://t.co/tSzIy5cOXV
Telegram: https://t.co/38fXn8r38y#PRESALE #Live #ERC20 #Ethereum #Pepe pic.twitter.com/8NuycuwX8K— Evil Pepe (@evilpepe_token) July 19, 2023
He wants to create a rebellion against the status quo of the crypto world by combining the chaotic energy of meme culture with the allure of financial speculation.
Evil Pepe Ensuring His Token Provides Equal Opportunity
Currently, Evil Pepe is spending his time building an unapologetic community through the universal experience of giving in to FOMO while he promotes his coin.
Although he’s evil by nature, Evil Pepe is not a scammer. He wants his project to have a fair launch, giving everybody an equal opportunity to get invested at the same price.
Therefore, he’s selling 90% of his token supply in the presale for $0.000033.
Furthermore, the remaining 10% will be locked into the liquidity pool through Team Finance, preventing his ability to rug-pull on his community – however tempting it might be for him.
Investors Selling $PEPE for $EVILPEPE?
Investors are quickly rushing to sell a portion of their $PEPE portfolios to invest in the $EVILPEPE presale.
This is evidenced by the fact that $PEPE continues to fall in tandem with the $EVILPEPE rise.
One of the main reasons they’re doing this is because the Evil Pepe presale only has a $1.99 million hard cap.
This means the project will launch with extraordinary room for growth, allowing them to use some of their $PEPE profits to make additional returns.
Furthermore, Evil Pepe aims for a $100 million market cap by teaming up with influential meme-makers and forging alliances with creative minds in the meme coin universe.
Finally, Evil Pepe has a marketing group behind him that has already started its marketing campaign to get it in front of as many eyes as possible.
Overall, Evil Pepe is creating an outstanding community-driven alternative to Pepe that can mirror its price performance over the coming weeks.
The project has already raised $725,000 in its presale – showing the growing hype behind $EVILPEPE.
However, with almost half its presale allocation sold and just eight days to go – investors must be quick to get positioned at presale prices before the token has its DEX launch and surges higher.
What Other Meme Coins Are Set to Pump Next?
Pepe isn’t the only meme coin project that’s started attracting mainstream audiences’ attention in 2023.
There’s another meme coin entering the space touted to become the next meme coin sensation in the sector.
Furthermore, the project has immense hype and FOMO behind it, a community of over 1.1 million followers, and the attention of billionaire investors like Elon Musk.
Let us introduce you to Wall Street Memes ($WSM) – the next meme coin sensation already turning heads in the industry.
Wall Street Memes Raises $17.5 Million as Investors Rush to Next Meme Coin Sensation Supported by Elon Musk.
Wall Street Memes is quickly becoming the fastest-growing presale project in 2023 after crossing the $17.5 million fundraising milestone in just sixty days.
The $WSM token has become the most sought-after meme coin in the industry as investors become curious about its long-term prospects.
The project has a unique blend of internet culture, meme-based humor, and decentralized finance, attracting a wave of investments from everybody in the sector.
Wall Street Memes seeks to make a mockery of the greedy capitalist pigs on Wall Street.
It’s doing this through a series of memes on its social media profile, which are already incredibly popular after generating over 40 million monthly impressions.
The popularity of the memes has allowed Wall Street Memes to build a cult-like community of over 1.1 million followers on social media.
The colossal community puts the $WSM token in a guaranteed position to be listed on major tier-1 exchanges like OKX or Binance – which would seek to capitalize on the trading fees from the volume.
In addition, the project has also attracted the attention of Elon Musk – who’s been seen commenting on the memes on several occasions;
The interest from Elon Musk sparked an immense wave of investment into the presale as investors speculated if Musk had found a new meme coin to support alongside his beloved Dogecoin.
Overall, Wall Street Memes has created the perfect balance of hype and FOMO, setting the foundations for becoming the next meme coin sensation on the market.
However, with less than 30% of the presale allocation remaining, investors will need to be quick to get positioned in $WSM before it hits major exchanges and prices increase.
