According to a post yesterday, Ripple lawyer John Deaton supported a tweet claiming that PEPE is a systematic fraud.
Important Claim by Ripple Lawyer
Interest in Memecoins has increased recently, but it seems that this interest is slowly decreasing and with this situation, different opinions continue to emerge. While many people think that PEPE will be the new Dogecoin, fraudulent statements have started to come from some circles.
For example; DeFi Watch founder Chris Blec said that PEPE is a systematic fraud. Ripple lawyer John Deaton also supported Blec’s views and stated that his opinion was the same.
PEPE, which emerged on the Ethereum network and was listed on major crypto exchanges in a very short period of time, has recently started to attract the reaction of the crypto community. It seems that the Ripple lawyer is also among those who have reacted.
In addition, especially DeFi Watch founder Chris Blec had harsh words about PEPE. Blec claimed that cryptocurrencies like PEPE did not appear by chance. Blec attributed this to a system, adding that PEPE is a scam and that many people could suffer huge losses.
Ripple lawyer John Deaton also joined the PEPE debate. Answering PEPE questions, Deaton stated that he agreed with Blec’s sentences and that he thinks PEPE is a fraud.
PEPE Price
In fact, Pepe token has made a big noise with its recent increase. Some investors even made serious profits from the meme token. However, judging by the prices, the PEPE hype seems to have faded.
As can be seen in the chart above, PEPE fell after seeing $ 0.00000439 on Binance on May 5. The popular meme token, which fell to $ 0.00000105, is trading at $ 0.00000165 at the time of writing.
There have been many coins in the cryptocurrency market that created hype like PEPE but fizzled out very quickly, so investors should be cautious at this point and be very careful when buying after big rises.
