Green together on the same track doesn’t mean it’s the same pot of money.
$PEPE makes a daily gain of +5.8% on Binance; the fee rate is about 0, with positions around 34.10 million.
$DOGE makes a daily gain of +4.4%; the fee rate is capped at about +0.01%, with positions around 99.40 million; HL density is about 5.1.
One side follows in a tax-exempt way, while the other pays full tax and still piles up inventory—internal segmentation, not resonance.
#Meme分层 # fee-rate misalignment
$PEPE makes a daily gain of +5.8% on Binance; the fee rate is about 0, with positions around 34.10 million.
$DOGE makes a daily gain of +4.4%; the fee rate is capped at about +0.01%, with positions around 99.40 million; HL density is about 5.1.
One side follows in a tax-exempt way, while the other pays full tax and still piles up inventory—internal segmentation, not resonance.
#Meme分层 # fee-rate misalignment