Saudi Arabia 🇸🇦 Backs $PEPE – $1 Incoming? 🚀🐸
As of now, there is no credible evidence to support claims that Saudi Arabia's Crown Prince Mohammed bin Salman (MBS) is backing the PEPE cryptocurrency. Recent incidents have involved scammers impersonating the Crown Prince to promote fraudulent tokens, such as the so-called "Official" Saudi Arabia memecoin (KSA). These scams were propagated through hacked social media accounts falsely linked to MBS, leading to public warnings about their illegitimacy.
Regarding PEPE's market performance, the current price is approximately $0.00000687, reflecting a 5.89% decrease in the last 24 hours. While meme coins like PEPE can experience rapid price fluctuations, they remain highly speculative investments. Potential investors should exercise caution and conduct thorough research before engaging in such markets.
