The crypto exchange caused controversy when they stated that the Pepe the Frog meme had been taken over as a symbol of hate by alt-right groups.
The cryptocurrency exchange stated that meme coins offer the potential for investors to generate substantial profits within a brief timeframe. However, it cautioned against long-term investment in these tokens.
As adventurous cryptocurrency traders sought to capitalize on the skyrocketing prices of the suddenly popular PEPE, the subsequent increase in transaction fees generated a boon for validators who power the Ethereum blockchain.