PEPE is once again really showing up today. According to Binance real-time data, its 24-hour trading volume has reached $PEPE $$PEPE 900 million USD. This frog is genuinely legit in the meme coin circle. Compared with WIF and that hat it finally broke through, PEPE’s retail investors’ faith is clearly stronger—every time it pulls back, someone is scooping the dip, like it’s free.
But I have to pour some cold water on this. PEPE has been going a bit too smoothly lately. A big wave of token unlocks is coming soon. Even though the amount isn’t particularly huge, in the world of meme coins this is basically a psychological bomb. When the time comes, how hard the sell-off hits depends entirely on the market maker’s mood.
Also, the Nasdaq is up 0.3% in the US, and gold is still hanging around at 2360—funds are clearly waiting on the sidelines, just waiting for the people at the Fed to “blow their minds.”
On my barbecue stand, I often say PEPE is basically dancing on the tip of a knife right now. Look at its candlestick chart—it’s like it drank fake alcohol: wildly up and down. If you want to go long, set your stop-loss. Once this popularity-driven coin loses a key level, it falls faster than anyone. If you want to short, don’t get too greedy either. Sometimes the frog jumps, and it can suffocate your short position to death.
Let’s get real, though: the market makers behind PEPE are even more flashy than street performers. If you keep staring at the intraday chart, you’ll get washed out sooner or later. Better to look at the bigger cycle and wait until the overall market stabilizes. Bottom line: I’m putting it here—this frog either doesn’t chirp, and when it does, it scares the hell out of people. Also, pay attention to tonight’s non-farm payroll data. If
But I have to pour some cold water on this. PEPE has been going a bit too smoothly lately. A big wave of token unlocks is coming soon. Even though the amount isn’t particularly huge, in the world of meme coins this is basically a psychological bomb. When the time comes, how hard the sell-off hits depends entirely on the market maker’s mood.
Also, the Nasdaq is up 0.3% in the US, and gold is still hanging around at 2360—funds are clearly waiting on the sidelines, just waiting for the people at the Fed to “blow their minds.”
On my barbecue stand, I often say PEPE is basically dancing on the tip of a knife right now. Look at its candlestick chart—it’s like it drank fake alcohol: wildly up and down. If you want to go long, set your stop-loss. Once this popularity-driven coin loses a key level, it falls faster than anyone. If you want to short, don’t get too greedy either. Sometimes the frog jumps, and it can suffocate your short position to death.
Let’s get real, though: the market makers behind PEPE are even more flashy than street performers. If you keep staring at the intraday chart, you’ll get washed out sooner or later. Better to look at the bigger cycle and wait until the overall market stabilizes. Bottom line: I’m putting it here—this frog either doesn’t chirp, and when it does, it scares the hell out of people. Also, pay attention to tonight’s non-farm payroll data. If
