fooo@bitcoinpanda69
Le $PEPE
and why it could go higher than your worst nightmare:
PEPE had a stealthy launch and caught on like wildfire. The first round of major exchange listings provided the liquidity for buyers on the way up, many now whales, to dump -- this is standard operating procedure in the crypto market, and surprised no veterans. They say a panda sold the picotop, but that's a just a rumor
We were, after that, in for a lot of sideways grind. If the frog coin was to emulate shib from the last cycle in any meaningful respect, it would follow a similar course to the doggy coin comp - a meaningful pump to kickoff. Months and months of sideways and down while normoids capitulated, and then, at some point, during the meme vertical capital rotation of the cycle, a massive launch to vomit-inducing, dizzying highs
Shib, unlike PEPE, isn't even funny ifo. and yet behold the chart from last cycle. Pepe, while more contentious and divisive as a meme, owing in part to an association with several vestiges of the alt-right, particularly on "frog twitter", is objectively a much more funny, and much more popular meme
Some people created it, and gave it to the community.
Pepe experienced complications when a multi-sig event occured whereby most of the creators sold their coins without having consulted everyone. Because this was, itself, sketchy, many were scared off of Pepe or turned off by the objectively very off-putting, unethical move.
However, the remaining operator of Pepe has burned many tokens, keeping some for listings (many hope Coinbase is included)
In the ashes of the aftermath, after months have passed and the emotions have faded, it seems the coin may actually be *more* viable, rather than less, as there is no longer that 6.9% to be dumped at any time. The worst has happened already, and early, before the macro crypto cycle has meaningfully commenced.
Ifo this is likely bullish PEPE for this cycle, as there will be time enough for many to forget or move on from that dark past.
This is all not to say anything is guaranteed... it's possible people will remember that multisig thing. Be turned off by it. Possible the new capital that flows into the market just doesn't get the frog memes, since they are more normie than us spergs
but ifo it seems far more likely PEPE catches a massive rotation and goes for more x than most people can tolerate without vomiting. The most hated coins rally the most etc etc
fooo has a modest PEPE position and is willing to let it go either low and be a lost cause, or go higher than everyones' worst nightmares
The meme vertical could be very powerful this cycle - the economy continues to deteriorate and zoomers continue to speculate. And the zoomers? They are more jaded than ever before. The meme vertical is a "fuck you" to the existing financial establishment. One might be hard pressed to find many memes more "fuck you" in their nature than PEPE.