In a startling revelation, the PepeHub token (PEHUB), surged more than 35,000% in the scope of a single daily candle. The new, yet unlisted crypto asset joined the ranks of top crypto gainers on DEXTools, outpacing other contenders such as $CENA and $AK.
Though an element of mystery surrounds the PepeHub Token, it’s no stranger to the crypto community. The token, which primarily exists ‘to provide convenience in social media for crypto enthusiasts and especially for $PEPE lovers,’ aligns its purpose closely with that of another project being run on the Binance Smart Chain, known as @PepehubBSC.
The PepeHub token was listed on PancakeSwap on July 2nd, and showed its noteworthy performance just a day later, still hot from its introduction on Uniswap on June 27th. A 70% hike within the past 24 hours was also noted with the Pepe2.0 token (PEPE2.0).
However, despite its impressive debut, the authenticity of the PepeHub token remains under scrutiny. A hint of skepticism is arisen due to the common pitfall of fake tokens, copycats, and scam projects that plague the world of decentralized exchanges.
At present, PepeHub carries a DEXTscore of 94/99 with a community trust rating of only 50%. This score is based on just four votes. Doubts are further aroused by the crypto asset’s description on DEXTools, which mirrors that of the BSC project, which initially started as a presale on Pinksale.finance.
Moreover, the confirmation status of PepeHub’s legitimacy is still pending on Token Sniffer, leaving more questions than answers for eager traders.
In light of these reservations, new investors into cryptocurrencies are urged to tread lightly, especially with unvetted tokens on decentralized exchanges. The current landscape, while ripe with opportunities, is also fraught with uncertainties that come with the territory. With time, it is hoped, the true nature of tokens like PepeHub will reveal themselves, becoming either a lucrative investment opportunity or a cautionary tale for the crypto community at large.
Source: Cryptonews
