[Pepe has made a profit of 950,000 times] A diamond hand trader has made a floating profit of 958,580 times by buying and holding PEPE. The trader has three wallets and only spent 0.041 ETH, worth about $83, to buy 6.33 trillion PEPE, and has never sold it so far, with a current value of about $79.4 million.
The deep reason why retail investors turn to meme coins. It is because retail investors have been hurt by the various behaviors of project parties, VCs and even exchanges that they decided not to "carry the sedan" for others and instead invested their funds in meme coins. This massive influx of funds and users has given rise to the so-called meme coin bull market.
Although the prevalence of meme coins may indeed hinder innovation in the crypto market to a certain extent, we cannot deny the nature of capital's pursuit of profits.
If the so-called "value coin" causes retail investors to suffer huge losses, then this model is obviously unsustainable. Therefore, we expect project owners and VCs to consider the interests of the majority of users more deeply when designing token economics, ensure that all parties can benefit from it, and achieve a true "win-win" situation, rather than just treating users as profit harvesters.
Today, retail investors have awakened, and the era of retail investors has arrived. We expect the future crypto market to be healthier and fairer, so as to achieve the dual prosperity of technology and value.
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