Up to more than 45 billion US dollars has been the value representation of memecoins in the cryptocurrency market in recent times, and perhaps we all have the question of why this memecoin industry moves so much money? Well, let me explain: most people seek to make profits that are easy and achieved in the short term, and upon hearing that a meme token has been introduced to the market for a very low price, and in turn is a trend for some reason , then the networks and speculators start saying you can do an X100, this is where you have to start being very careful.
It is no secret to anyone that for the idealists of the memecoin calls they have to be inspired by some theme or some important character, examples were Shibainu, dogecoin, but this year it has been Pepecoin who has received the attention of the media , bringing with it many copies around them, most of these projects start without a specific north, that is, they do not have a clear roadmap to provide investors with safe and reliable returns, which is why they are called speculative currencies.
Well, I would like to tell you that pepecoin has fallen by more than 15%, all this due to the modification of the multi-signature that allows the coins that are in the smart contracts to move, and the reactions on the social network Twitter did not wait, they began to say that the previous multi-signature wallet asked for 5 signatures, now in the new one they only ask for 2 signatures, later operations were carried out with pepecoin to different exchanges, adding the 4% market capitalization that pepe currently has.
All this gave investors a bad vibe, because changing the decisions from 5 people to 2 people means that the project becomes a more centralized approach, questioning whether these 2 people can take advantage of the project and make decisions. in favor of themselves, when everyone on Twitter realizes this modification, the alarm begins and they begin to sell.
In conclusion, why change an already established contract, if it is not with the intention of putting it in centralized exchanges where it is known that there is sufficient liquidity, this for some investors smells like a carpet throwing, for those who do not know this in the world of cryptocurrencies is when the creators of a project withdraw the money earned and leave many losses to the investors who trusted them.
