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Recently, an interesting $PEPE token activity was discovered on the BASE chain.
The data is a bit strange: 24-hour buy volume shows zero, but sell volume is $14. The liquidity pool is almost drained, yet the market cap is listed at $1.6 million. This kind of asymmetric buying and selling situation suggests either a delay in data during the initial launch phase or that liquidity has been drained.
The contract address starts with 0x698DC... and appears to be a newly deployed clone project. There are many tokens with the same name on Uniswap, making it hard to distinguish real from fake.
It is advisable to be cautious when you see this combination of zero buy volume and low liquidity. The market cap figure might just be a facade, and the actual tradable depth might not support that valuation. If you see a similar pattern on-chain, it's best to observe for a few hours before making any decisions.