What makes that green frog drive people in the crypto world crazy? Let’s talk about the frenzy and traps behind Pepe coin 🐸.
Recently, when I opened the crypto community, eight out of ten people were sending frog memes, and the remaining two were asking, 'Can I still get in on Pepe coin?' As an analyst who has watched the ups and downs of Meme coins for five years, today I will unveil the true face of this green frog—what is it really, a trend or a big pit?
Let’s first talk about the past and present of this frog. Pepe is not a native 'monster' of the crypto world; in its early days, it was a source of joy for global internet users—a frog meme that could change into hundreds of expressions. Later, people in the crypto world suddenly discovered: this thing comes with billions of traffic! Thus, Pepe coin emerged, becoming another Meme coin that survives on 'memes' after Dogecoin and Shiba Inu coin.
But compared to its predecessors, the 'explosive formula' of Pepe coin is even wilder.
First, it has turned 'meme culture' into a means of spreading nuclear weapons. While ordinary Meme coins still rely on single memes to dominate, the Pepe coin community has already created a buzz—from 'Sad Frog' to 'Suit-Wearing Thug Frog', new memes are spreading wildly on Twitter and Discord every day.
This model of 'everyone creating memes' has harvested millions of followers in just half a month. In my view, this is not about issuing coins; it’s a decentralized 'internet culture pyramid scheme'.
Second, the community hides a group of 'wild operators'. The lifeblood of Meme coins is consensus, and the Pepe coin community has taken this to the extreme. They don’t discuss technology, don’t read white papers; every day they do three things: create memes, attract people, and showcase holdings.
Some people lured thousands into their groups with a picture of 'Frog Landing on the Moon', while others printed Pepe coins on T-shirts to walk around—this kind of 'powered by love' madness is more effective than any marketing scheme, but also the most dangerous, because consensus can easily dissipate.
Third, short-term surges are the best 'bait'. Recently, Pepe coin staged a 'ten-thousand-fold increase in three days', and once that data came out, speculators surged in like sharks smelling blood. But old fans know, I often say 'the K-line of Meme coins is not a curve; it’s a roller coaster track'—the surge you see might be bait set by the market makers, waiting for retail investors to jump in, only to be smashed down to zero in no time.
Speaking of value, many people ask me, 'How much is Pepe coin worth?' My answer is: its value equals the madness level of the community today. Without blockchain technology support, without practical application scenarios, it relies entirely on everyone 'believing it is valuable'. Just like the marbles we played with as kids, if someone is willing to trade ten dollars for it, it’s worth ten; if no one wants it, it’s just a glass ball.
But the risks go far beyond that. I have seen too many retail investors fall for this kind of coin: last year, a fan bragged to me that Pepe coin had multiplied by 5, only to drop by 99% a week later, losing all his principal. These kinds of coins are essentially a 'zero-sum game'; the money someone makes is the principal that another person loses. Even worse, over twenty 'fake Pepe coins' have already emerged in the market, with contract addresses copied almost perfectly, and if you’re not careful, you’ll fall into a scam.
Finally, let me say something from the bottom of my heart: if you are just here for entertainment, spending a few hundred dollars for fun, treating it as a way to support internet culture, that's fine; but if you think you can get rich from it, I advise you to wake up—there has never been a main character in the frenzy of Meme coins, only the harvested leeks.
How long do you think this green frog can jump? Are you planning to just watch or have you already boarded? Let's talk in the comments, follow 【Whale Track on Coins】.#GENIUS稳定币法案 #币安HODLer空投C
