A 50% drop in a day—why is that nothing unusual for a meme coin?
This is how I see it: high volatility means gains and losses can be equally large. There are no meme coins that only go up.
Most meme coins have no revenue or practical use to serve as a valuation benchmark, so their prices are driven mainly by sentiment and the flow of money in and out.
The official website of $PEPE itself states that PEPE is a meme coin with no intrinsic value.
This is how I see it: high volatility means gains and losses can be equally large. There are no meme coins that only go up.
Most meme coins have no revenue or practical use to serve as a valuation benchmark, so their prices are driven mainly by sentiment and the flow of money in and out.
The official website of $PEPE itself states that PEPE is a meme coin with no intrinsic value.