Around May 10th Conbase sent an email to some users regarding pepe coin. In it the following was shared.
“Pepe which was issued around 3 weeks ago with a comically huge supply of 420 trillion, has been leading the memecoin activity. The token is based on Pepe the frog meme, which first surfaced on the internet 20 years ago as a comic strip character. Over time this has been co opted as a hate symbol by alt right groups according to the anti defamation league”
It took a few days for holders to catch up to this as number was going up and life was good. Nothing was going to stop Pepe mania. Well, The same influencers who say Pepe will rule the world are bringing it down. Guys alike paulyox, one of the leaders in this has just gone insane on social media attacking everyone and their grandmother if you say or think anything is wrong with Pepe. He makes about 100 pepe posts a day and since yesterday has not stopped attacking Brian Armstrong and Pepe. To me this all looks foolish, childish and makes the crypto community look bad.
The most laughable aspect in all this are not just the calls to delete and close your Coinbase accounts but the one where they contact the SEC to report Coinbase for manipulation of a security. I mean think how asanine this is. We are all here fighting for our right to crypto and these people suddenly jumped on Gary Gensler lap to be fed milk because their token is not listed on coinbase or got misrepresented. Well, it didn’t. Its true Pepe has an alt right history but it doesn’t mean holders are bad people. Most weren’t even aware.
This is as dumb as a crypto story can get. The crypto Pepe bros siding with the SEC because token not listed on Coinbase. Give us a break bruh!
submitted by /u/Visible-Ad743
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