$PEPE to $1? Truth vs. Hype đ¸
When $PEPE got listed on Binance in May 2023, it skyrocketed nearly 700% in just days. Memecoin mania was in full swing, and traders were convinced the rally would never end.
But reality set in:
After the initial frenzy, $$PEPE ropped over 65% within weeks
Liquidity favored early whales who cashed out quickly
No solid utility beyond meme status meant the hype couldnât hold
Current price is far from its all-time high
Late buyers watched their gains vanish
History showsâmeme coin pumps are fast, but dumps are faster
Bottom line: If it ikes again, remember itâs hype first, fundamentals second.