- Coinbase called Pepe the Frog a “hate symbol” linked to “alt-right groups” in its newsletter.
- PEPE immediately experience a double-digit percentage dump.
- The crypto community largely disagreed with Coinbase’s PEPE comments.
The memecoin mania seems to have died down, at least for now. PEPE, the memecoin that started the current hysteria, is down more than 60% in the past few days.
That’s because most early investors have dumped the token to realize millions in profit. On top of that, Coinbase has recently called Pepe the Frog an “alt-right hate symbol.”
Coinbase Calls Pepe ‘Alt-Right Hate Symbol’
PEPE, the memecoin that has pumped thousands of percent in the past few weeks, has been called bad words.
Coinbase, the second-largest centralized cryptocurrency exchange in the world, released a newsletter on Wednesday in which it called attention to Pepe the Frog, the character that…
