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Dan
11K posts


There's a "new" $PEPE that's being hard-shilled as the "community driven" alternative where the devs will not sell.
Here's why you should be cautious and why it's not sustainable:
1. Distribution is extremely bad and it's heavily centralized, there are at least 4 people that can effectively send it to zero if they decide to sell.
2. Liquidity burn every 2 hours. However, that is not a sustainable model as it artificially increases the value of the token with no added liquidity and increases the risk of dumping and sending it to zero.
This means that even if people don't trade it, the price will continue inflating without any increase in the amount of WETH in the liquidity pool resulting in higher risk of continuous dumping as all holders will be able to get more for their money even though the total amount that be sold is the same.
3. There is no next $PEPE.
I give it 2 weeks.


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