Matt Furie States That He Is Not Aware Of Pepecoin (PEPE)
Matt Furie, the inventor of the meme “pepe the frog”, a cartoon character that represents a “peaceful frog guy”, became quite popular around the world recently. But during a Twitter live chat, he stated that he was not aware of the existence of Pepecoin (PEPE). Matt Furie might go to court regarding this unannounced usage of his meme.
Matt Furie, the inventor of the meme “pepe the frog”, a cartoon character that represents a “peaceful frog guy”, became quite popular around the world recently. But during a Twitter live chat, he stated that he was not aware of the existence of Pepecoin (PEPE). Matt Furie might go to court regarding this unannounced usage of his meme.
PEPE Became a Success Without Matt Furie Even Knowing About it
The valuation of a memecoin derives from its popularity, more popular a memecoin is, the more valuable it gets. Pepecoin is one such coin, as this brand new coin is associated with the popular internet meme “pepe the frog”. The coin made an impactful entrance to the market in April. PEPE went from $50,000 to $821 million after its launch, its value increasing by five million percent according to Protos. It has made several people millionaires in a short time span.
What will Happen to PEPE After this?
Binance listed PEPE in its list, beside FLOKI on May 5th. Yet, the news about Matt Furie’s unawareness now poses a risk for the holders of PEPE. “Actually, this is the first time I’ve heard of it. What is Pepecoin?” stated Matt Furie.
He seems to be planning to go to court in order to take down the now-famous Pepecoin. He previously took Alex Jones to court in 2019, as the latter used pepe the frog as a means of propaganda. After the trial ended, Matt Furie took $15,000 of reparations from him. Matt Furie also does not like people who make money from his name and his creations. This caused a ruckus amongst the PEPE investors who think that Matt Furie would give a furious response to the creators of Pepecoin (PEPE) and its investors. It is still not certain whether he will take this case to court, but the speculations about a court case are enough to make people anxious, naturally, and people might make sudden decisions regarding Pepecoin (PEPE).
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