Glauber Contessoto, popularly known as SlumDOGE Millionaire, advocated buying ‘conviction plays’ like frog-themed Pepe (CRYPTO: PEPE) on Thursday, amid a broader slump in the meme coin market.

Dogecoin was launched in 2013 as a joke and was the first meme coin to hit the crypto scene. Bitcoin had already been around since 2009 and fueled what seemed like rampant speculation at the time. In ...