Sherilyn Privitera ItBZ

Pepe Eats Solana could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.

Pepe Eats Solana (PEPEATS), a new Solana memecoin that was launched recently, is poised to explode over 19,000% in price in the coming days.

This is because PEPEATS is set to soon be listed on numerous crypto exchanges, according to reports.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.

How to Buy

Currently, Pepe Eats Solana can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Pepe Eats Solana could become the next viral memecoin.

Pepe Eats Solana launched with over $3,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Pepe Eats Solana on Raydium or Jupiter ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Eats Solana by entering its contract address – HFfhiT7VUr4uE3NUEiHe54gFn7rA1rvR94vkxgddmVzH – in the receiving field.

If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEATS.

Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

What is Chainlink?
Chainlink is a blockchain platform that aims to connect smart contracts with real-world data in a secure and reliable way. Launched in 2017 by Sergey Nazarov and Steve Ellis, Chainlink stands out for its decentralized oracle technology, which allows smart contracts to interact with external data in a secure manner. The network's native currency is LINK, used to pay node operators who provide external data to smart contracts.

According to Gate.io, which continues to operate in other countries, a series of compliances to follow Japanese cryptocurrency regulation have already begun, and customers can no longer open accounts with the broker.

Cryptocurrency trader with a cup from the Gate.io brokerage. Photo: X.
Cryptocurrency exchange Gate.io has closed its activities in Japan, citing possible regulatory pressure from the country's authorities.
Founded in 2013 and based in the Cayman Islands, the platform allows the trading of several cryptocurrencies, including Bitcoin, Ethereum and many altcoins.

TL;DR

If SEC Chairman Gary Gensler resigns, XRP’s valuation could benefit from a more crypto-friendly successor and an increased likelihood of the regulator settling its case with Ripple.

Regardless of Gensler’s status, the token’s price could reach a new all-time high through strategic partnerships, increased adoption, and technological advancements, the AI chatbot said.

What Are the Chances?

The US Securities and Exchange Commission (SEC), which oversees and regulates the securities markets, has been at war with numerous cryptocurrency companies, including Ripple. 

The agency is led by Chairman Gary Gensler, who has expressed strong reservations about the crypto industry over the years. For instance, he described Bitcoin (BTC) as “a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing.”

Earlier this week, a “10x Research” report hinted that Gensler might resign from his post in early 2025 following the end of President Joe Biden’s term. This is based on the typical practice of SEC Chairs stepping down when a new administration takes office​.

We asked ChatGPT how Gensler’s possible departure would affect the cryptocurrency sector and whether it would fuel XRP’s price explosion to an all-time high.

The AI-powered chatbot started the answer with a disclaimer that such a prediction is highly uncertain and should not be taken for granted. It suggested that Gensler’s potential resignation could indeed positively impact the crypto market and XRP’s valuation, assuming his place is taken by someone with a friendlier approach. 

According to ChatGPT, the departure of the current Chairman could make the SEC more inclined to settle the case with Ripple. Multiple industry participants have previously argued that the end of the lawsuit (particularly if the company secures a decisive win) could trigger a massive boost for the price of XRP.

Recall that the token’s value skyrocketed by over 70% mere hours after Ripple’s first partial court win in the summer of 2023. Back then, Judge Torres ruled that the firm’s programmatic sales to secondary trading platforms do not constitute offers of investment contracts.

On the other hand, ChatGPT claimed that XRP’s eventual surge to a new ATH would require additional factors, such as favorable market sentiment and the overall bull run of the cryptocurrency sector.

The token reached its peak price of over $3.80 at the start of 2018, meaning it has a long way to go before making the headlines with a fresh top. Currently, XRP is worth around $0.60.

What if Gensler Stays?

We decided to delve into the matter a bit further, asking ChatGPT if XRP’s price can tap a new ATH if Gensler remains in charge of the Commission.

The chatbot estimated that Ripple could still win the lawsuit in such a scenario. In addition, various elements such as strategic partnerships, increased adoption, and technological developments could help XRP plant the flag at a higher peak. 

Over the last few years, the company has teamed up with multiple leading financial institutions, including one of the biggest banks in Egypt – Commercial International Bank (CIB), Thailand’s oldest bank – Siam Commercial Bank (SCB), and Morocco’s Attijariwafa Bank.

It will be interesting to see whether it can ink additional partnerships in the near future and how such developments could affect the XRP price.

The post We Asked ChatGPT if Ripple (XRP) Can Hit an ATH if Gary Gensler Resigns as SEC Chairman appeared first on CryptoPotato.