PEPE’s Surging Price: Opportunity or Risk?

The crypto hype is driving up demand - and prices - for everything, even assets that seemed past their prime.

Take PEPE, for example. Its price has surged 1.5x above its previous all-time high. But PEPE is one of the riskiest meme tokens. Its smart contract allows developers to blacklist any address, exposing holders to both price crashes and the risk of losing access to their tokens.

Consider the person who, on Apr-14, 2023, swapped 0.013 ETH for 2.5 trillion PEPE. Today, those tokens could be worth 15,773 ETH - a 1,213,000x return at rabbit.io rates.

Could be, but won’t. That address has been blacklisted by PEPE’s developers.

The blacklisting risk has been public knowledge since May 2023. Yet PEPE’s price keeps climbing, fueled by new buyers. For those who jumped in last week, the gamble paid off - for now.