On the last day of 2024, the world's richest man Elon Musk once again went all out, igniting the cryptocurrency market with a meme of Pepe the frog.
That's right, this time he didn't announce any ambitious rocket plans or say Tesla would make flying cars, but instead posted a picture of a frog.
Just a few hours later, the price of Pepe coin ($PEPE) soared by 20%. Is this the New Year's surprise in the crypto world? Some joked, 'The frog has taken off!' while others said, 'This is Musk's humor; trading coins can also be fun!'
Musk's Twitter, the barometer of the crypto world?
In fact, this isn't the first time Musk has used Twitter to 'stir things up'. As early as 2021, his tweet 'Dogecoin to the moon' caused Dogecoin (DOGE) to soar by 500%. Almost every time he posts something related to cryptocurrency on Twitter, the market jumps, like a jumping candy in the crypto world—stimulating and intoxicating.
This time, Pepe coin is a bit magical: it originally was just a 'joke coin', who would have thought that one picture would cause its price to skyrocket? You should know that the market cap of Pepe coin was originally as small as a hidden treasure in an alley, and most investors didn't even know what it could do. But once Musk got involved, it instantly became mainstream.
Meme coins: A celebration of wealth or a trap?
Meme cryptocurrencies like Pepe coin have high volatility and significant risks. From Dogecoin in 2021 to Shiba Inu in 2023, and now to Pepe coin, the prices of these 'joke coins' sometimes feel like a rollercoaster—with sharp rises and sharp falls.
For example, when Pepe coin was first launched in 2023, its price skyrocketed by 1200%. Everyone said, 'This is the opportunity to get rich!' But a few months later, the price dropped faster than a diving board, plummeting by 80%. This situation often leaves those trading coins feeling anxious.
You never know which coin will take off next or which one will crash.
Musk seems to have realized this, and he even said, 'Meme is the most powerful way to spread information.' Indeed, the market really understands his humor. After all, who can resist the temptation of 'frog taking off'?
But, calm down! Investing is a marathon, not a sprint.
But saying it is one thing; trading coins is not an easy task. Although Pepe coin is rising rapidly today, no one can guarantee it won't 'break down' tomorrow. The market for meme coins is all about 'high risk, high reward'. You either make a fortune or fall straight into a pit.
Investing is like driving; when you need to hit the brakes suddenly, you must keep a steady grip on the steering wheel. Musk's tweets may heat up the crypto market, but remember to stay calm and not let emotions steer you off course.
After all, the old saying in the crypto world is: 'Money made is due to luck, money lost is due to skill!'
2025, are we ready to face the next wave of frenzy?
From a certain perspective, the surge of Pepe coin is actually a massive explosion of human nature and desire. Everyone is crazily chasing wealth, but don't forget, accumulating wealth requires time and wisdom. The real winners are always those patient and calm investors.
Of course, no one knows which coin Musk will 'ignite' next. But one thing is certain: the tech fanatic always brings us new surprises—maybe the next Pepe, or perhaps the next crazy 'frog', who knows?