{"id":8541,"date":"2023-05-14T10:31:04","date_gmt":"2023-05-14T14:31:04","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/saudi-pepe-pumped-to-30-million-in-trading-volume\/"},"modified":"2023-05-14T10:31:05","modified_gmt":"2023-05-14T14:31:05","slug":"saudi-pepe-pumped-to-30-million-in-trading-volume","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=8541","title":{"rendered":"Saudi Pepe Pumped To $30 Million In Trading Volume"},"content":{"rendered":"
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April and May 2023 seems to be the months for meme coins. The parody coin ecosystem has seen exponential growth in such a short time and has been one of the highest profit grosses in an ecosystem impacted by macro-economic events.<\/p>\n

One such meme coin turning heads in the crypto space is the Saudi-themed project of the popular Pepe-the-frog project Saudi Pepe.\u00a0<\/p>\n

The meme coin has since gone on to gross over 1,400% in one day in price performance and has recently hit over $24 million with its market cap swelling as well.\u00a0<\/p>\n

Much like its older counterpart, Saudi Pepe is becoming something of an overnight success with a growing number of investors buying into it.\u00a0<\/p>\n

However, a new wave of meme projects are sweeping in the embodiment of AIDoge and SPONGE.\u00a0<\/p>\n

1,400% Jump Amid CMC Listing<\/h2>\n

Saudi Pepe is the Arabian version of the Pepe project. It is also another community-driven meme project that has taken the crypto space and internet by storm.\u00a0<\/p>\n

Like its older counterpart, Saudi Pepe is making remarkable waves in a tightly-contested crypto niche that has heavyweights like Dogecoin and Shiba Inu and thriving remarkably.<\/p>\n

The Middle East meme project is up over 1,400% in the last day following its registration on the CoinMarketCap website. At press time, Saudi Pepe with the ticker symbol SAUDIPEPE is trading at $0.0014, up 1,487.53% so far.\u00a0<\/p>\n

Its 24-hour trading volume has been eye-popping with $30 million of the meme tokens already traded.\u00a0<\/p>\n

Its market cap has also followed suit with the CoinMarketCap website recording over $11.6 million so far and its fully diluted market cap standing at $13.3 million plus net.<\/p>\n

While many meme coins are guilty of lacking any real world utility, Saudi Pepe is an exemption of this rule.\u00a0<\/p>\n

The project is looking to offer utility as non-fungible tokens (NFTs), play-to-earn (P2E) gaming, artificial intelligence (AI) services, and liquid staking.\u00a0<\/p>\n

These utilities are further coupled with a 0% buy and sell tax and a recent 20% burn of its total supply cap of 10 billion tokens have led to the project becoming the darling of crypto investors.\u00a0<\/p>\n

In fact, the meme coin has already made a centralized exchange listing on Friday, May 12, 2023, pointing to the immense appeal it holds for crypto enthusiasts.<\/p>\n

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Could it be the next DOGE and SB? Time will tell but value-driven invetors are also adding these two prominent meme coins to their portfolio even as the broader market recovers.<\/p>\n

$SPONGE And $AI The Next Big Thing In Crypto<\/h2>\n

One thing that has underlaid the success of meme coins has been their relatedness. And this has been the bedrock of $SPONGE token\u2019s success since launching in mid-April.\u00a0<\/p>\n

An adaption of the popular US animation series, Spongebob Square Pants, SPONGE is a meme project looking to allow users to have fun.\u00a0<\/p>\n

It is entirely community-driven as the developers did not create any roadmap on its continued growth. Alongside this, it offers zero taxes for buy and sell orders and launches without any presale raises.<\/p>\n

At its heights, its $SPONGE token surged over 1,800% in a single trading day pointing to the project’s eventual fame. This led it to make centralized exchange listings on Toobit, CoinW, and LBank.<\/p>\n

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This project is one to watch out for given the fact that it is attached to a popular children animation series which has grossed over 50 million monthly viewers as well as $50 billion in merchandise sales.\u00a0<\/p>\n

Meanwhile another meme project turning heads is the $AI token that underlies the AIDoge network.\u00a0<\/p>\n

AIDoge is a different branch from all other meme coins. It is the first-of-its-kind AI meme generator as it uses the power mechanics of AI to create contextually-relevant memes in real-time.\u00a0<\/p>\n

It does this by feeding the AI tool with millions of datasets related to memes and other social media communication mechanisms.\u00a0<\/p>\n

This way, users can easily type in a text prompt and get the meme that best captures their imagination.<\/p>\n

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In return for creating the best memes using the AI meme generator, artists are rewarded with the $AI token that powers the protocol.\u00a0<\/p>\n

Also, other users get to vote on memes created by artists on the public wall feed in the blockchain project. This makes it a community-focused effort instead of a centrally-controlled effort.<\/p>\n

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AIDoge has also enjoyed immense effort in its presale funding round. So far, the $AI token has clocked over $7 million in presale raise, pointing to the immense appeal it has with investors.<\/p>\n

Buy AiDoge Here<\/u><\/strong><\/p>\n

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com<\/sup><\/i>.<\/sup><\/p>\n<\/p><\/div>\n