Conspirology around PEPE: A group of crypto enthusiasts called Memetoken "Trojan horse" – Bits Media

The founder of Defi Watch, that the popular PEPE memeen token may turn out to be a fraudulent project, And the head of Dizer Capital believes, that Pepecoin was created by regulators to undermine the foundations of the crypto industry.

Despite, that the market capitalization of the crypto project Pepesoin exceeded $1 billion in a short period of time, There were cryptocurrency experts, who consider investments in this token are very risky. Founder Defi Watch Chris Black (Chris Blec) claims, that PEPE was created by influential people with big money, and retail investors are only pawns. Black called users not to get involved in "this dangerous game".

Coins like $PEPE don’t happen by accident.

Big money, powerful people & careful planning goes into creating these scams.

You’re just a pawn in a much bigger game.

And games like this have cost many people their lives.

Don’t be a fucking idiot.

— Chris Blec (@ChrisBlec) May 6, 2023

It is for this statement that Black
The lawyer and founder of Cryptolaw John Dyton referred (John Deaton), when many subscribers began to fill it with emails and messages, Asking, What does he think about PEPE.

Founder of the investment company Dizer Capital Yasin Mobarak (Yassin Mobarak) He called Pepe "Trojan horse", intended to undermine the confidence in the digital assets market. According to Mobarak, PEPE will become like a bankrupt crypto -tank FTX: First, a fraudulent project is pumped until then, Until it attracts a sufficient number of gullible investors, And then it will be blown away, and regulators declare cryptocurrencies dangerous and use the incident to, to strangle the whole industry. This scenario is already repeated from time to time, Mobarak assured.

$PEPE is a trojan horse meant to further blow up crypto, just like FTX was.

The playbook is clear by now.

1. Introduce a scam project

2. Pump it massively until it attracts the gullible masses

3. Then blow it up and blame everything on Crypto and how dangerous and full of… https://t.co/ly4usiUb3i

- Yassin Mobarak (@Dizer_ym) May 14, 2023

Some commentators wondered: Why is the US Securities and Exchange Commission (SEC) does not pursue meme, and filed claims against large crypto companies and trading floors, which have long been present in the market?..

Despite, that Pepecoin is on the market less than a month, Among the memeen cryptocurrencies, this cryptoactive is inferior by capitalization only Shiba Inu and Dogecoin. Now the PEPE market capitalization is $654,6 million, and it is already trading at the gemini site.