As the crypto market is affected by the global market crash we see most of the meme coins going through a freefall. 20 to 30% of corrections happened in prominent meme coins like Dogecoin, Shiba Inu, and Pepe. Some coins even lost half of the market cap.
The meme coin market niche is going through a severe correction phase. Despite this downtrend, some tokens are rushing forward against the waves. The newly generated Billionaire Pepe, a meme coin still in its embryonic stage, rallies over 17000% in a single day.
Billionaire Pepe is a Solana-based meme coin with 195 holders at the time of writing this. There are so many Solana-based meme coins entering the Web3 market, and PEPEBILL is the latest viral addition to this.
The Reason for Billionaire Pepe’s PUMP
To say it directly, Billionaire Pepe pumped because some whales bought PEPEBILL by swapping their SOL. Whales have recently been investing in Solana-based meme coins. This sudden buying caused the price to rise to 17000%, and there were no significant wallet owners to sell the token.
There are currently only 195 holders of PEPEBILL, most of them came after the token attained a viral status. The token achieved viral status through the potent narrative of the uptrend.
The PEPEBILL Token
PEPEBILL is the native token of Billionaire Pepe. Billionaire Pepe is another meme token without intrinsic value. The official website is not working. Since it is a new coin, more data is not available. Probably, there won’t be any significant use cases for the PEPEBILL token. Here are some more details of the token:
| Token Ticker | $PEPEBILL |
| Price | $0.0000580844 |
| Today’s Market Cap | $58,844.19 |
| Current Supply | 999,999,946 |
How to Buy Billionaire Pepe (PEPEBILL)?
The PEPEBILL token is yet to be listed on exchanges. With the exchange listing news, the Billionaire Pepe will become viral again, the price may increase repeatedly according to the listing dates.
However, you can buy Billionaire Pepe through decentralized exchanges (DEX) that support Solana chain-based tokens. The PEPEBILL/WSOL pair is available in the Raydium DEX market. WSOL is the wrapped version of SOL.
If you have SOL in your wallet, connect it to Raydium DEX through a wallet extension like Phantom, Slope, or Solflare. Then swap your SOL to WSOL through the swapping interface. This may cost you some gas fees.
Wrapped SOL can be swapped to PEPEBILL. If you are unable to find Billionaire Pepe by searching on Raydium DEX, copy and paste the contract address we’ve provided to the coin search. Look for a dip and buy.
Potential Dangers of Trading Meme-Coins
All meme coins come with dangers. Shiba Inu, Dogecoin, Pepe, all the tokens went to high ups and lowest realms. Look at today’s meme coin market and the dip it has created. The investors are in FUD, and looking for solutions.
Regarding the Billionaire Pepe PEPBILL token, the core issue is with the wallets the tokens are accumulated. Among the 188 holders of the token, the top 10 wallets own almost 94% of the total supply. If they sell, we will see a HUGE DUMP.
We don’t know who are the owners of the wallets. Maybe, it’s the allocation of devs that they won’t sell. But, we are not certain. However, it is important to spend the SOL you can afford to lose.
Final Thoughts
Billionaire Pepe is one of the rare meme coins where this kind of price surge happened. This scenario didn’t happen with Shiba Inu or Dogecooin. Amidst this price rise, we see potential dangers too.
A large number of tokens are accumulated in a few wallets, and the coin is very new. So it is better to relax and do further research calmly before investing with viral coins like this. Nevertheless, buying a small allocation to escape the FOMO is a good tactic.
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