Family! The entire meme coin market right now is like a boiling hot pot, with the three top coins DOGE, PEPE, and SHIB battling fiercely inside, while the fire underneath is fueled by Musk's Twitter e-commerce, Binance whale buying, and SHIB's technical issues! Let me clarify what this wave of market really is —
DOGE: Is Musk going to "bless" it again?
Last night, Musk hinted on Twitter that "crypto payments will change e-commerce," which directly made DOGE's price surge! If they really integrate DOGE as a payment tool in Twitter e-commerce, that would be even stronger than back when Bitcoin was promoted for sales! After all, Twitter's hundreds of millions of users are no joke; DOGE would transform from a "joke coin" to a "utility coin," and its value would need to be reassessed! Just like last year when Musk said to use DOGE to buy Tesla merchandise, the price doubled directly — if this becomes real, DOGE might just take off like a rocket!
PEPE: Exchanges + whales + funding rates, a triple whammy!
PEPE's recent moves are even more impressive! Binance suddenly gave it the green light for perpetual contracts yesterday and launched a "market maker incentive plan." As a result, on-chain data shows a mysterious big player directly dumped $30 million to scoop up 25 trillion PEPE! What's even more outrageous is that the annualized funding rate for perpetual contracts has skyrocketed to 80%, indicating that the bulls are red-eyed with excitement! I am too familiar with this tactic — when PEPE just launched last year, the market makers used a combination of "exchange endorsement + whale buying" to push the price up 10 times! Is history going to repeat itself?
SHIB: The bigger the ecosystem, the more problems?
SHIB is a bit awkward lately! Originally hoping that the Shibarium layer-2 network would boost the ecosystem, but this network has been frequently lagging, and not only has the processing speed slowed down, but the staking yield has also plummeted by 30%! To make matters worse, the core developer Shytoshi has seemingly "vanished," leaving the community in a panic! However, SHIB is not without hope — looking at the burn data, some exchanges are organizing trading competitions to accelerate burns, and the number of holding addresses is still in the millions, so it just depends on when a major positive news will turn things around.
Qing Yao's heartfelt suggestion:
For those wanting to get rich: keep a close eye on PEPE! Right now, exchanges + whales + high funding rates are signaling a main force pullback, but remember — stop-loss is more important than taking profits; don’t let the market makers cut you down!
For those seeking stability: wait for DOGE to retrace! If Musk officially announces support for DOGE payments in Twitter e-commerce, this coin will definitely break through its previous high; a bounce back to the 5-day line is an opportunity to get in.
For the onlookers: don't touch SHIB for now! Wait until the technical issues are resolved and the developers surface before considering; going in now would be like being cannon fodder.
Last but not least: the meme coin market is a "news + sentiment" casino. When it rises, it can make you wake up laughing from dreams; when it falls, it can make you cry until sleepless! But remember — only those who survive can wait for the next wave of wealth!