PepePow developer writes on Discord
It did not take much time before it appeared to us that mining by GPU became a thing of the past, and perhaps it is good that when Bitcoin could be mined in a simple way, there was no technical interest in how to exploit it more than an interest in making profits.
The community now has a lot of knowledge and mining by GPU will centralize the currency in the hands of large platforms away from the basic idea of the developer.
This news bounced negatively on the price, although I expect the price to rise as long as Binance did not think of de listing of that currency, perhaps a rise for one last time.