Have you observed the significant number of project launches featuring the name "PEPE"? If you check the recently added list on CoinMarketCap, you'll notice that approximately 90% of the project names include "pepe."
Cryptocurrency market is fulled with scam projects that are trendy.
Years ago with massive success of Shiba Inu meme coin, many tokens were created with their token names as "XYZ Inu". I used Coinmarketcap to search tokens with Inu in their names, the list is about 100 projects. Insanely crazy that how scammers can launch their projects with viral names.
After Shiba Inu, the market has PEPE and again we are witnessing their repeated scam method. They add no value, no better use case for their projects and tokens, just use open-source, change token name, token specifications, tokenomics and launch their new projects.