Pepecoin Knockoffs Turn Dollars to Fortunes in Strange New ‘2.0’ Play
Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks.
The latest flavor of the month in some areas of the crypto market is to bet on microcaps that purport to be the second coming of popular meme coins for those .
Tokens like pepe 2.0, floki 2.0, and bobo 2.0 – which were mostly issued in the past week and are passing themselves off as new versions of the popular pepe, floki and bobo tokens – have seen trading volumes jump to millions of dollars, attracted hundreds of thousands of dollars in liquidity and turned a few dollars to six-figure fortunes almost overnight.
Most of these do not last beyond a few weeks. Last year saw hopefuls bet on and the
Anyone can call a smart contract and issue tokens on Ethereum (or other blockchains) for a few cents, and the presence of decentralized exchanges means tokens can instantly be issued, supplied with liquidity and traded soon after.
As of Tuesday, pepe 2.0, seemingly the most popular of the clones, saw nearly $7 million worth traded in the previous 24 hours. It sported a market capitalization of $18 million, down from a peak of $45 million last week.
One wallet turned $900 of an initial pepe 2.0 purchase into over $176,000 in less than 24 hours. Analysis shows the wallet took profits on this position by as the token rose.
On-chain analysis tool Bubblemaps has pointed out the centralized behavior of some early buyers who likely cornered a large part of the pepe 2.0 supply at launch and are gradually selling the tokens. That concentration may have contributed to the large price pump amid buying demand and significantly low sales from early buyers.
The real pepecoin (PEPE) is continuing to attract investors, with some large purchases extending gains of a nearly 80% rally over the past two weeks.
Data from Lookonchain shows two wallets on Monday as a niche part of the market dogecoin (DOGE) and shiba inu (SHIB) – arguably the most popular meme coins – in the years to come.
Edited by Sheldon Reback.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Global Crypto Regulation Era Begins as UK Implements OECD Disclosure Standards
- UK adopts OECD's CARF framework for crypto regulation, avoiding tax hikes but enforcing stricter compliance by 2026. - HMRC updates guidelines requiring crypto providers to report user data globally, aligning with 70+ countries' 2027 data exchange plans. - Compliance demands automated data collection, KYC upgrades, and penalties for non-compliance under new transparency rules. - Framework excludes self-custody wallets but covers major transactions, reshaping crypto's integration into global financial sys
Cosmos Addresses ATOM’s Inflation and Price Fluctuations through Community-Led Tokenomics Reform
- Cosmos community proposes ATOM tokenomics overhaul to shift from artificial scarcity to usage-based fees and network activity-driven inflation. - Five-step governance process emphasizes transparency, stakeholder collaboration, and addressing 25% price drop, high inflation, and speculative volatility. - Framework separates core economics from add-ons, incentivizes long-term stakers, and aligns ATOM as reserve/settlement asset across Cosmos Stack. - Ecosystem partners like Akash and Pocket Network advance
"Virtual Gold, Real Firearms: The Emerging Security Threat in Cryptocurrency"
- A $11M crypto heist in SF targeted Lachy Groom, a former OpenAI CEO partner, via an armed "wrench attack" by a delivery-worker impersonator. - Global "wrench attacks" surged to over 60 in 2025, exploiting blockchain's anonymity and irreversibility to steal digital assets through physical coercion. - Experts warn of rising crypto security risks as attackers profile victims via social media, prompting calls for institutional-grade storage and multi-signature wallets. - The incident highlights vulnerabiliti
Strategic Development of Infrastructure within Webster Economic Corridor in Upstate New York
- Upstate NY's Webster Economic Corridor is transforming into a hub for advanced manufacturing and semiconductors via strategic infrastructure investments. - $9.8M FAST NY grants and $4.5M NY Forward funds modernize industrial sites and downtown areas, enhancing business readiness and community engagement. - A $650M fairlife® facility will create 250 jobs, demonstrating how public-private partnerships (PPPs) catalyze private investment through site readiness. - Federal infrastructure bank proposals aim to
Trending news
MoreCrypto prices
More
