Someone called for a 40x on PEPE. I counted the zeros and almost believed it.
PEPE is trending on the plaza again today: shorts got liquidated to the tune of about $490,000 in a day, with $170,000 wiped out on Binance in just one hour, and the price briefly rose by more than 7%. Analysts’ charts look beautiful: a triangle breakout, and some have even drawn it all the way to 40x. James Wynn also opened a 10x long position, with $800,000 in unrealized gains.
On one side are the believers: the shorts have all been wiped out, the chart has broken out—why not dream of 40x?
On the other side are the number-crunchers: the current price is $0.0000053, still 82% below its all-time high. Its market cap is only $2.2 billion right now. A genuine 40x would put it at $88 billion—do you really believe a frog meme can be worth $88 billion?
I’m with the number-crunchers: the short liquidations are real, and so is the excitement, but as for that 40x chart, only the person who drew it knows whether their hand was shaking. PEPE’s own website even says it has no value, no team, and is purely for entertainment.
What about you? When you see a chart like this claiming “40x,” do you jump in first and ask questions later, or count the zeros first?
PEPE is trending on the plaza again today: shorts got liquidated to the tune of about $490,000 in a day, with $170,000 wiped out on Binance in just one hour, and the price briefly rose by more than 7%. Analysts’ charts look beautiful: a triangle breakout, and some have even drawn it all the way to 40x. James Wynn also opened a 10x long position, with $800,000 in unrealized gains.
On one side are the believers: the shorts have all been wiped out, the chart has broken out—why not dream of 40x?
On the other side are the number-crunchers: the current price is $0.0000053, still 82% below its all-time high. Its market cap is only $2.2 billion right now. A genuine 40x would put it at $88 billion—do you really believe a frog meme can be worth $88 billion?
I’m with the number-crunchers: the short liquidations are real, and so is the excitement, but as for that 40x chart, only the person who drew it knows whether their hand was shaking. PEPE’s own website even says it has no value, no team, and is purely for entertainment.
What about you? When you see a chart like this claiming “40x,” do you jump in first and ask questions later, or count the zeros first?
