After about two weeks of relentless memecoin hype, more variants continue to emerge through unknown sources or means.
KEK is one of the latest to replicate PEPE, the memecoin that has led the revolution in the past few days.
At the time of writing, KEK is trading at $0.0000002117, up 1.056% over the past 24 hours.
Like most of the new memecoins starting to gain traction today, KEK is a brand new token that is recording the all-important price action in sync with the recent bull run led by PEPE.
The altcoin made its lowest price action about two days ago and hit an all-time high of $0.0000002316 a few hours ago.
A major reason why KEK’s price action has been so dramatic is the impact of PEPE.
In addition to being a relatively new coin with a growing community, memecoin also masquerades as PEPE, which would give the impression that the two projects are intertwined.
When will the memecoin hype explode?
Memecoin is a highly volatile crypto asset that originated with the emergence of Dogecoin (DOGE).
Since Dogecoin’s launch, many other memecoins have emerged, including Shiba Inu (SHIB) and Floki Inu (FLOKI), among others.
The hype surrounding these tokens is not going to end anytime soon as this is an easy way for retail traders and even market whales to make huge profits.
For example, the fact that DOGE and SHIB have built a thriving community over the past few years shows that even with these upcoming memecoins, anything is possible.
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According to USA Today