Pepe coin, a frog-meme-inspired cryptocurrency, has gained significant traction in the crypto market. However, it’s come to the view that the original Pepe meme creator has no awareness of the existence of Pepe coin and reportedly prefers DOGE coin for crypto trading.
On May 9, Matt Furie, the creator of the legendary Pepe frog meme, took to Twitter and revealed his lack of knowledge regarding the digital asset’s existence. Despite the recent surge in Pepe coin’s popularity, the creator had no idea about such a coin.
He admitted to his ignorance while discussing his latest non-fungible token art collection named Zogs. He mentioned his interest and views on Dogecoin there and said he’s a Doge maximalist.
His statement read, “Actually, this is the first I’ve heard of it. I’ve heard of Ethereum (ETH), and I’ve heard of Bitcoin (BTC), and I’ve heard of Dogecoin — is it a bit like that? I’m a Dogecoin maxi.”
It’s currently unclear whether Matt Furie would claim commercial compensation from the Pepe coin team. As of today, he hasn’t pursued legal actions and copyright claims against the issuers of Pepe coin.
An environment of uncertainty prevails in this regard, as Furie had previously taken firm actions against the unauthorized use of his creation, aka Pepe frog meme. One of these instances happened with OpenSea, where he successfully had them remove the project Sad Frogs District consisting of 7,000 frog-based profile pictures. It produced $7 million in trade volume for copyright infringement.
Pepe coin has recently seen a massive surge in its popularity, especially after getting listed by one of the most popular cryptocurrency exchanges, Binance. The numbers show how it is outperforming the classic OG token, Dogecoin.
Both Dogecoin and Pepe coins emerged for entertainment purposes. However, they gained traction and are currently ruling the digital asset charts.
Comparing the two, Dogecoin took a while to reach the $1 billion market cap and has performed smoothly till now. On the other hand, Pepe coin’s branding and strong community ties helped it to a $1 billion market cap in just a week. Its after-performance has been similar to Doge, and it’s clear that the race is on.
From the day of Pepe’s inception, the coin has seen an enormous rise in value by 5,000,000%. Report on May 1 shows a 120% spike in a single day. This has led Pepe to become the third-highest meme coin in the world after Dogecoin & Shiba Inr.
Post listing on Binance, Pepe coin had outperformed the market and gained impressive on-chain metrics. However, it has seen a sharp drop in price after a massive 125% growth over the week.
Looking at the numbers, it seems Dogecoin is the clear winner!
Featured Image: https://www.splcenter.org/sites/default/files/hw_pepe-creator-gets-lawsuit-date_091318.jpg
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