In the past two days, #pepe has increased by 25%, breaking through a new high

Pepe is like the last round of shib, it has skyrocketed crazily, and there is no reason. There is no reason. Recently, I have observed that none of the new coins this year can outperform MEME. Why are retail investors now not buying fund coins? Go play memes?

Let’s first look at DOGE with a market value of 21.1 billion, SHIB with a market value of 13.6 billion, PEPE with a market value of 4.7 billion, WIF with a market value of 2.9 billion, FLOKI with a market value of 2 billion, BONK with a market value of 1.5 billion, and BOME with a market value of 700 million.

Let’s talk about a few points that drive the rise of meme coins:

1. Community and celebrity influence: The price of meme coins is often significantly affected by communities and celebrities. For example, when celebrities such as Elon Musk express support for certain meme coins through social media, such as trolls and trolls, the value of these coins tends to rise rapidly. This phenomenon, sometimes referred to as the "Musk effect," can significantly drive market value growth over a very short period of time, although the increase may be short-lived.

2. Low entry barriers and FOMO (Fear of Missing Out): Meme coins usually have low entry barriers, making it easy for mass investors to participate. This ease of exposure combined with investors’ fear of missing out on potential profits (FOMO) drives rapid price increases.

3. Hype marketing: Many memecoin projects use hype marketing to attract investor attention, which often involves using social media for heavy publicity. This hype is sometimes driven by cryptocurrency influencers and mainstream celebrities, and even though the project itself may not have long-term value and consensus, a wave of emotional hype quickly attracts money and attention.

4. Use of technology and new platforms: Some meme coins, such as Doge, are not only pursuing market hype, but are also actively expanding their ecosystems, such as promoting more platform transactions and payments. Although it is currently difficult to apply on a large scale, as a Hype themes are enough

#PEPE创历史新高 #Meme币你看好哪一个？ #Megadrop #5月市场关键事件

Again, Lao Li has been laying out these good Bizi in the first stage.

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