More variations continue to appear through unidentified sources or methods after about two weeks of nonstop meme coin excitement. One of the most recent coins to replicate PEPE, the meme coin that has spearheaded the movement over the past few days, is KEK. As of this writing, KEK is up 1,056% over the previous day to trade at $0.0000002117.
KEK is a brand-new token, just like other meme currencies that are now gaining popularity. Its most notable price movements have coincided with the recent upswing that PEPE helped to usher in. A few days ago, the altcoin’s price movement was at its lowest point, and just before this article was published, it reached its all-time high of $0.0000002316.
The impact of PEPE is one important factor that may be causing the considerable price movement in KEK. The meme currency is disguised as a doppelganger of PEPE, which can give people the idea that both projects are linked together. It is also a new token with a developing community of its own.
Although PEPE has recently been listed on the Binance market, users are still required to verify its legality, and as a result, the KEK token’s expanding community still consists solely of diehard meme coin maxis.
When will meme coin hype burst?
Meme coins, a particularly volatile type of cryptocurrency assets, were first introduced with the development of Dogecoin (DOGE). Shiba Inu (SHIB) and Floki Inu (FLOKI), among others, have become popular meme currencies since the debut of Dogecoin in the market.
Since these currencies are a simple method for regular traders and even market whales to earn huge profits, the buzz around them is unlikely to fade very soon.
With these new meme currencies, everything is possible, as demonstrated by the fact that DOGE and SHIB, for example, have built a strong community over the past several years.
