$PEPE

PEPE is a meme coin launched in 2023 and quickly gained popularity after being listed on major exchanges like Binance. However, it has been marked by sharp price volatility. Following its listing, its price surged dramatically (ninefold in a short period) due to FOMO (fear of missing out) and media attention. It then experienced a significant decline, losing more than 80% of its value at one point.

Compared to other meme coins like Shiba Inu and, to a lesser extent, Floki, the sharp upward trend is not unprecedented, but rarely does a coin of this size reach market caps in the tens of billions, as Shiba Inu did at the peak of the previous bull market.

Key points about PEPE:

Extreme volatility: The coin's price has undergone strong upward movements followed by sharp corrections, driven by speculation and weak economic fundamentals, like other meme coins.

Its reliance on speculative waves: There are no strong technological projects behind the coin compared to serious currencies; most of its activity is driven by rumors and speculation. Its market cap previously exceeded $4 billion, making it the talk of the market, but this doesn't guarantee continued strong performance or easy #BinanceHODLerTree #ETHReclaims380 #ETHReclaims380 #WhiteHouseDigitalAssetReport