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New AI-Based Memecoin, Shiba Memu Collects IDR 11.9 Billion

Previously, the meme pepe coin (PEPE Coin) has seen a significant decline in value recently after the initial spike when the token was launched.

However, over the past seven days, PEPE coin has fallen by more than 13 percent, and according to 14 days of statistics, it is down by more than 2 percent.

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Reporting from Bitcoin.com, Monday (5/6/2023), in addition, exactly 30 days ago on May 5, 2023, the meme coin reached an all-time high (ATH) at USD 0.00000431 per unit or equivalent to IDR 0.065 (assuming an exchange rate of IDR 14,990 per US dollar).

Since reaching its ATH, PEPE has lost more than 70 percent of its value. In recent days, PEPE has fallen 4.1 percent lower.

Despite the decline, PEPE still holds the third largest market capitalization among meme coins, currently standing at USD 530 million or equivalent to IDR 7.9 trillion.

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At the time of writing, PEPE is ranked 84th out of 10,085 crypto assets listed on coingecko. .

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The two leading meme coin crypto assets, dogecoin (DOGE) and shiba inu (SHIB), have performed significantly better than PEPE in the past week. While PEPE suffered a 13 percent loss during this period, DOGE rose 0.3 percent against the US dollar, and SHIB fell 1.3 percent.

New AI-Based Memecoin, Shiba Memu Collects IDR 11.9 Billion

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