While chatting with beginners around me, I realized that many people haven’t got this straight.
A single post from a celebrity or a listing announcement from an exchange can cause a Meme coin to fluctuate sharply over a short period.
Without fundamentals to use as a reference, the price mainly depends on “how much the next buyer is willing to pay.” When sentiment shifts, the price can quickly fall back.
The official website $PEPE explicitly states that PEPE is a Meme coin with no intrinsic value.
If you know any beginners, you can share this with them.