After smashing the 1 billion dollar mcap
There was a euphoric blowoff ... peak shilling, peak hype (most likely)
I saw ppl losing money both long and short via newly introduced perpetuals :(
#Crypto's regularly correct 80% as we know.
Peppe has become the lastest meme coin to beat the odds of mass adoption. In just a little of 2 weeks it has seen what is a clear parobolic pump and is currently sitting up over 4000% since launch.
The question is how far can a silly meme coin with no real utility go? Past experience with top memes like shiba and doge had proven that they can go alot farther than...
Scenario 1
A windup in a tight #HVF pattern which takes this coin just shy of $1billion dollars incredible.
The shilling will be immense, which is a sure sign of using retail as exit liquidity.
Scenario 2 we already locally topped! and it's due for a sizeable pullback.
I favour scenario 1
Bt not participating in this coin at this stage!
There are 9 Thousand pepe coins now!
This one has over 7 million dollars in liquidity with early holders playing a game of chicken with each other.
One "investor" already market dumped
If you didn't get in early .. note the #HVF pattern
and are not looking at that USDC pool to lock in gains
The Risk/Reward is too high for me to join this runaway train.
