The performance of PEPE really makes me look at it with new eyes; it's not an exaggeration to say it's a project strongly controlled by the big players!
Now the overall market is following BTC's fluctuations and rising. If the staking concept of ETH suddenly becomes hot, PEPE is likely to ride another wave of hype—after all, it surged last year when ETH ETF was approved, and whether history will repeat itself is worth keeping an eye on.
However, be careful not to chase the highs in a frenzy; this asset has doubled since April, and entering now is akin to licking blood from a blade.
With one hand tightly holding BTC to watch for upward fluctuations, and the other hand keeping an eye out for the ETH staking concept to take off, if PEPE can indeed replicate last year's storyline, it won't be too late to find a low position to buy later. After all, projects controlled by big players are best at leveraging hype, but retail investors must be careful not to become bag holders.
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