PEPE2.0 went from a value and market cap of literally zero to a market cap of 40 Million on day 1, doubled to 80 Million on day 2 and then rekt and used all the newcomers thereafter as exit liquidity from day 3 straight until today

It appears it gets even easier to be a dev creating sh*tcoins. All you have to do is literally create a very generic coin(of course with no utility) and just slap version 2.0 on the name of an already popular token. And suddenly you're rich and successful as a dev.

The chart of PEPE2.0 is pretty sad(depending on if you're an insider or not) to see as you can see how one day 1 the token popped to a market cap of 40 Million, which doubled to 80 Million by day 2. And on day 2 all the insiders started selling their huge bags as you can see the price smoothly and consistently fall as exit liquidity practically creates itself following the empty hype.

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Price

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Market Cap

It's also both funny and depressing because PEPE2.0 has even fewer promises of utility(used very loosely) and gains than the original PEPE did. At least PEPE had a proper, albeit very very poor whitepaper and promises of overtaking DOGE and other memecoins, which ironically I mostly succeeded at.

PEPE2.0 just says if you missed PEPE, buying PEPE2.0.

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https://preview.redd.it/ps4bh3qo4idb1.png?1264&format=png&auto=webp&s=2def3b4b1e36370c769f37e680da9f03a5bfff40