Ben Armstrong, popularly known as ‘Bitboy Crypto,' shared his perspective on why many investors missed the boat on Pepe coin PEPE/USD, a meme coin that has been making waves in the cryptocurrency market.
What Happened: In a tweet on Tuesday, Armstrong stated that most investors missed out on PEPE and similar projects because they were “too slow to pull the trigger,” despite seeing the same tweets as he did.
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Why It Matters: PEPE has rapidly gained popularity in the crypto community since it launched on April 17.
As a token based on the famous “Pepe the Frog” meme, its market capitalization has skyrocketed to $566 million, making it one of the top 100 largest cryptocurrencies.
In a separate tweet, Armstrong said, "When Market Cipher hits me with that green dot, that's when I'll re-enter a PEPE position. Not until then. You can't make me FOMO."
A trader told Benzinga about a 1 Ethereum ETH/USD investment in Pepe coin and turned it into 70 ETH.
Price Action: At the time of writing, Pepe coin was trading at $0.000001015, down 23% in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin, Ethereum, Dogecoin Trade Mixed As Investors Weigh Jobs Data: Analyst Sounds Alarm On ETH, Anticipates Drop Below $500-Mark
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