What the brothers ask the most is about $PEPE . When you all stop asking, it should rise. The current problem is that the chips are too scattered and need to be consolidated. Once the main players gather enough chips, it should be about ready!

This round of market is essentially an Ethereum market. If meme coins are going to gain attention, it will start from the Ethereum chain. The only two notable cards on the Ethereum chain are: PEPE and NEIRO. PEPE is truly the leader, but it ran too aggressively last time, resulting in a lot of retail investors on board, and the futures market being thick, making it difficult for the main players to smoothly gather chips. In this state, even if there is liquidity in the market, it’s hard to take off in one go. Just look at DOGE; it’s the same old problem.

Why do I still remain optimistic?

Because the rhythm of Ethereum is not over, capital overflow is inevitable, and meme coins will always be the segment that can be amplified the most. Additionally, PEPE, at this position, is the meme with the most "brand effect" on the Ethereum chain. If institutionalization and major exchanges are to happen, it is the only decent consensus anchor. The issue is that the scattered chips need to be cleaned out first; if not cleaned properly, it won’t go far later.

There are a few methods for cleaning:

Quickly push down to cut off leverage and floating chips;

Consolidate sideways, reducing trading volume, causing retail investors to give up;

Large fluctuations with false breakouts to shake off the impatient ones.

As long as there is a significant drop in OI, funding rates turn negative, and there are obvious large buy orders on-chain, combined with a natural recovery after a period of cold sentiment, then it’s basically cleaned out. Waiting for such signals before acting is the true low-risk high-reward position.

As for NEIRO, it’s a high-beta light meme. The community is lively, and when capital flows in, it has great elasticity, but the drawbacks are also obvious: deep pullbacks and rapid turnover, making it unsuitable for long holds. It should be played at a fast pace, shooting quickly and moving on. Its leadership position cannot compare to PEPE, but in a rotational market, its efficiency in price increase is higher than that of PEPE.

Lastly, to emphasize:

PEPE is the leader of Ethereum chain memes, but must wait for the cleaning process to finish before gaining strength;

NEIRO is a fast-paced rotational stock suitable for flexible positions;

Overall, I feel there are still opportunities for these two, but don’t rush it. It’s tiring before the chip structure is clarified.