The newly launched meme coin $PEEN could become the next hot currency after Stonehound, whose price has tripled. Meme coins are the hottest sector in the current crypto space as speculative retail money pours into them, and $PEEN is the latest target in the pursuit of excess returns.
$PEEN makes no secret of being the purest meme coin, and a quick look at its website shows its potential for adult-themed comedy. It has a high shock and humor value, which is exactly what you want from a viral community.
It’s relentlessly humorous in its approach to trading. In the first 15 minutes of trading, the price rose from $0.000621 to $0.00271, a gain of 335%, and there are no signs that the buying power is slowing down.
On the popular crypto site DEXScreener, the Ethereum-based $PEEN token has become one of the top ten most traded tokens. Investors can buy $PEEN tokens on the decentralized exchange Uniswap, but must make sure to use the token address 0x676977e752890D2cA0aA6F8d55CC79F9647bE472 to avoid falling prey to scammers.
With the Bitcoin price ($67,145) on the verge of setting new all-time highs fueled by the halving cycle, anything is possible in the lucrative memecoin category.
For the new Stone Pagoda Dog $PEEN, a 100x or even 1000x return is possible. In the world of memecoins, anything is possible, which is why they attract so much interest and funding.
$WIF, which came from nowhere, is being listed on Binance, and $MYRO is being listed on Binance Futures. It is also possible that $PEEN will become the next meme coin rookie on Binance.
$PEEN was launched with a low market cap of $500,000, and the token quickly soared to a valuation of tens of millions of dollars in a matter of minutes. The total supply is 800,813,569 tokens, all of which are available for purchase by the crypto-hungry public.
Since there is enough liquidity and it will be locked soon, decentralized trading is seamless without worrying about pumping. The market value has reached 1.49 million US dollars and the trading volume is 4 million US dollars.
A 3x return is great, but the expectation of higher returns attracts more eager buyers. Crypto industry insiders know that the early bird catches the worm.
There is nothing worse than sitting on the sidelines watching a coin go parabolic and wishing you had bought in when you first heard about it. If you did this with SPHERE or BONK, both of which have a long way to go, make sure you don’t make the same mistake with $PEEN.
The fact is that for such a small market cap token, a relatively small allocation can go a long way. Stonehound started with a similarly small market cap and has now reached a market cap of $24 billion. Since listing in August 2020, the price of the $SHIB token has grown by 50,028,888%. Entering the market now before $PEEN rises even more may lead to greater returns.
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$PEEN
# Meme Coin
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# Alternative Coin Season
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– PEENTOKEN (@PEENTOKEN)
March 5, 2024
As money poured into the crypto space from Asia and elsewhere, especially China, sharp declines in the stock and real estate sectors encouraged investors to buy cryptocurrencies to inject capital gains into their portfolios.
$PEEN is showing strength in the current market environment, with Bitcoin driving all currencies higher, but memecoin is the best performer.
Buyers of $PEEN could be getting the biggest memecoin explosion of the year, becoming a
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