“PEPE Coin creates legends again, the meme series leads the wave of wealth for everyone!
In recent months, the hottest has been the meme series, especially this coin, Pepe, which is simply like a printing press, making many people earn a fortune.
However, before this coin rose, almost no one knew about it. When it increased dozens or even hundreds of times, people began to pay attention, and various reports followed. Therefore, the number of people who actually made money on Pepe is not many. However, many are still interested in this sector and will buy other coins in the meme series.
As a result, everyone found that Starbucks' coin hasn't risen and has instead been falling. Recently, the overall market is rising, but the coins in the meme series are all declining.
This is because the trend of Pepe seems to be reaching a peak, and the main funds are starting to withdraw. In this way, those small market cap coins that have no real value face even greater risks.
I had previously warned about the risks of Pepe, although it recently broke historical highs again, many people feel that it will continue to rise, but in my opinion, this is actually a greater risk.
In fact, if we look at the overall market, we can find some clues. The increase in Pepe's price is getting smaller with each round, which indicates that the bullish momentum is weakening. Moreover, although the price keeps breaking new highs, the trading volume is shrinking, which is an important signal to attract buyers.
It is clear that large funds have started to offload their positions, and the recent rise is just retail investors entering the market emotionally, so the price rise is not strong, and the trading volume is not large.
Therefore, the meme series has been so weak recently because the benchmark of Pepe has seen large funds fleeing. Those small coins lack the financial support to rise.
If we can spot these signs in advance, we won’t blindly chase this sector just because we see Pepe breaking historical highs, which would help us avoid risks.
In the crypto world, if you don’t have a good circle or insider information, then I suggest you pay attention to me. Brother Pao is waiting for you in the circle, ready to help you profit without spending, welcome to join the team!!!💵🔥
