Looking back now, the market trend from December 2024 to January 2025 can definitely be called a small bull run. A simple example is a coin called pepe, which surged to a market value of 70 billion yuan during that trend, and then fell back to 20 billion yuan. This coin is one of those completely useless emotional meme coins. Unfortunately, at that time, few people realized this because everyone was caught up in the situation. $PEPE