We Need To Talk About PEPE Coin...
Article source, here.
TL;DR
In case you missed it, PEPE is the 'hot new meme coin' on the block. And when we say 'new,' we mean it - this thing only showed up in mid April.
Over the past two weeks, PEPE has gone from zero to half a billion dollars in market cap and cracked the top 100 most valuable projects.
And how's this for a fun PEPE related anecdote to share around the water cooler: one investor turned $250 into $5.3M in that same two week period.
As a result, the story of PEPE has been plastered across Twitter and every major crypto news site this week - which is why we now feel the need to talk about it.
Full Story
Imagine you're a parent. Now, picture your kid waking up one day and saying, "I'm going to build a treehouse."
(You respond, "that's nice dear," and go about your day).
...next minute you see the little tike out in the yard with a tape measure and pencil, drawing up plans.
(You think, "huh, he's really committing to the bit").
It's only when he starts hauling lumber and power tools into the backyard that you feel the need to say something.
That, right there, is how we feel about PEPE Coin. In fact, we're going to use it as a three part narrative structure to tell you what's going on with the project.
Part 1: "I'm going to build a treehouse."
In case you missed it, PEPE is the 'hot new meme coin' on the block.
And when we say 'new,' we mean it - this thing only showed up in mid April.
...but these things are easy to ignore - it feels like there's a 'hot new meme coin' emerging every other week.
Part 2: in the yard with a tape measure and pencil.
Sure, PEPE experienced a crazy initial run up in price - but that's not unheard of.
When the total value of a project starts in the hundreds of thousands, it doesn't take too much investment to move the needle.
(These coins often pump, dump, and disappear).
Part 3: hauling lumber and power tools into the backyard.
Over the past two weeks, PEPE has gone from zero to half a billion dollars in market cap and cracked the top 100 most valuable projects.
And how's this for a fun PEPE related anecdote to share around the water cooler: one investor turned $250 into $5.3M in that same two week period.
As a result, the story of PEPE has been plastered across Twitter and every major crypto news site this week - which is why we now feel the need to talk about it.
(The power tools are out and we can't ignore it any longer).
The takeaway:
Memes are powerful.
Degens aren't phased by bear markets.
Now, time for some ass-covering:
This is not financial advice, do your own research.