The Struggles of Pepe and the Rise of Meme Kombat
Wednesday, October 11th, 2023 – Pepe’s price has dropped another 5% while the latest hot meme coin, Meme Kombat, raises $453,000 as investors buy into its gaming vision of battling meme characters. The struggles of Pepe to stay relevant continue, even though it is still the third-largest meme coin by market capitalization. However, for meme coin degens on the prowl for 10x or 100x opportunities, there are far better coins to look at, and Meme Kombat is at the top of the list. The Pepe price has slipped to $0.0000006462 as enthusiasm for the coin falters in the absence of an actual use case beyond being a meme character.
But it is a different story as far as Meme Kombat is concerned, and its native token $MK. Already nearly halfway to reaching its initial $1 million raise target, $MK is at the forefront of a new developing wave of meme coins that have as their base layer gaming utility.
