There are a lot of myths about getting rich recently, but I haven’t followed any of them.
For example, the popular MEME frog PEPE has increased more than 120,000 times since its launch on April 15. The price has increased from 10 zeros before the decimal point when it was launched to 5 zeros now, US$0.0000022, and its market value once exceeded US$1 billion.
This curve has been trending for less than 3 weeks, and the last MEME out of the circle was SHIB, and the current price is $0.0000099.
Another fairy tale about group friends.
He said that he bought 30u of pepe a few days ago, but he woke up from a coma for three days due to a fight. When he saw that 30u had turned into millions, it was really a good deal.
Others were spending money to eliminate disasters, but this group of friends forcefully made themselves unconscious, passively held it, and forced themselves to become rich.
Some can hold it, and some cannot.
This KOL, holding 6.5 ETH of PEPE, originally wanted to sell it if it broke zero, but the market was too difficult to predict, and there were too many interfering information, so he failed to grasp it and settled for it as soon as possible.
Earning more than 110 ETH with 6.5 ETH is actually not bad; but if he can get out of the circle and sell 772 ETH, it will be even better. He will make 1.2 million US dollars less, and he also laments that it is too difficult to hold on.
In the currency circle, you are not happy no matter what. You are not happy if you make less money, and you are even less happy if you lose money.
Another friend watched pepe continue to rise and predicted that there would be a correction, so he opened a short order and waited for the opportunity.
Opening a short position at 0.0000012, the current price is 0.0000022, a loss of -416%, and I don’t know if PEPE will continue to rise or fall back.
Those who have a position but have not sold it are afraid that it will fall back and their profits will be reduced to zero; those who have no position and want to get on the bus are afraid of getting on the bus, so they stand guard and become a taker.
It is not easy at every price position.
What is PEPE?
PEPE was launched in mid-April and is just a meme currency.
The online poster is very challenging, "the dog days are over"; the online poster makes a declaration that PEPE is the most popular MEME in existence, and it is time for Pepe to take power.
PEPE convinces people with its strength, just press DOGE, SHIB, and APE on the ground and rub them.
Any MEME has no value, but consensus has great power and can change everything. There must be someone behind PEPE's ability to fomo out of the circle, but there is no doubt that it has succeeded in getting out of the circle.
Those who initially entered the market were all beneficiaries and enjoyed huge gains; and when more people began to pay attention, it was also the time when the early beneficiaries were safe. For example, those of us who are writing and reading this article, getting on the bus may become a takeover. Xia.
The total supply of PEPE tokens is 420,690,000,000,000, no taxes, no nonsense.
93.1% of the tokens were sent to the liquidity pool, LP tokens were destroyed, and the contract was abandoned;
The remaining 6.9% of the supply is held in a multi-signature wallet and will only be used as tokens for future centralized exchange listings, bridging and liquidity pools. This wallet can be tracked through the ENS name "pepecexwallet.eth", and all information can be checked on the chain.
According to the official simple roadmap, pepe is currently in the second stage, successfully launched and out of the circle;
FOMO sentiment spreads outside the circle, some are buying and some are selling, and no one knows whether there are any expectations for the third stage of development.
Mission projects have the best chance when they grow wildly, and then they only advance slowly, and the myth of wealth creation is not so vivid; and opportunities always go to lucky players who are prepared.
PEPE’s development along the way has the momentum of SHIB at that time, and it may be the second shib. The subsequent stories and plans will only come after the project is out of the circle.
For those who want to chase hot spots and gain a wave of users, they don’t care so much about the future. Let’s envy those who get 10,000 times and feel safe.
Market hot spots often exist, but those who seize opportunities do not often use them;
Those who get rich suddenly are group friends. If you can't keep up, just wait for the next opportunity. After all, if you make it through luck, you will definitely lose it through your strength.
The above is just my personal opinion, no investment advice. I am Chuxiaolian, and I am paying attention to the metaverse and web3.