Pepe's milk is also a successful breakthrough at the position of 0.0002. Yesterday, Musk changed his Twitter avatar to Pepe, and a big bullish candle pushed it up by 7 points. The highest point has been raised to 0.000218, a 23% increase. We are just a step away from our target position.
This coin was publicly announced to have the potential for spot trading before the surge, did anyone follow along to catch this wave?
Pepe has always been called the king of memes. Musk changed his Twitter avatar to a meme image similar to the Pepe frog and directly changed his name to Kekius Maximus. Interestingly, this is Musk's first time changing his Twitter name.
The name "Kekius Maximus" is likely a blend based on the origin of the word "Kek". By combining "Kek" with the Latin suffix "-ius" and "Maximus" (meaning "the greatest"), it creates a unique combination that merges gaming culture, internet slang, and classical language.
Key findings from Reddit data:
The significance of Robinhood's listing: The listing attracted the attention of retail investors and capital inflow.
Unit price bias: Retail investors are more inclined to purchase lower-priced tokens.
PEPE's leading position: PEPE has recently garnered the most attention from retail investors.
Since its listing on Robinhood on November 13, the number of members in the PEPE Subreddit has surged, surpassing the growth of all other meme coins. This indicates that Robinhood remains an important liquidity entry point for retail investors. Although WIF was also listed on Robinhood shortly after November 25, its member growth still lags behind PEPE, even BONK.
The retail preference for low-priced tokens is particularly evident in Subreddit and YouTube comments. Investors often boast about owning "100 million PEPE" rather than focusing on the actual dollar value of their investments. This mentality stems from a misunderstanding of market capitalization and fully diluted valuation (FDV)—many believe that lower-priced tokens have more room for appreciation.