$PEPE Why Is Pepe Coin Price Surging?
So why did PEPE price go up today, even as top loss-leaders among cryptos were other Ethereum Layer-2 coins?
Because only the Pepe guys would be crazy enough to rally on a day that Lido DAO (LDO), Wormhole (W), and Worldcoin (WLD)– all Ethereum coins— are in liquidation.
These three ERC-20 tokens led losses Monday, with LDO down 6% in 24 hours, W down 6%, and WLD down 5%.
The PEPE guys don’t care. Because they’re feeling good, man.
Gamestop shares absolutely ripped on Monday following WallStreetBets’s degen stock trader Roaring Kitty’s first post in three years since the Gamestop fiasco in Jan. 2021.
As the Guardian reported back then:
“Reddit users in a group called WallStreetBets noticed that hedge funds, including one called Melvin Capital, had taken a large short position in GameStop. They decided to punish the Wall Street big boys and launched a co-ordinated buying spree.”
Short-sellers lost a billion dollars again after the Gamestop surge on Monday.
Some people say the Pepe guys are Scumbag Steve online dissidents with no respect for authority or their parents’ basements. But they looked more like Good Guy Greg when the Reddit WallStreetBet guys came to the rescue of a little video game company.
Because any non-degenerate investor like Warren Buffett would take a look at the company’s fundamentals and see it’s just a video game store chain based out of a little town in Texas.
Bruh, it’s just a video game company. Leave them alone!
The Pepe guys see the meme magic happening and they like it. So they’re not afraid if half the rest of their ecosystem is in liquidation. They’re amphibians. They can swim.
Pepe Coin is doing what Pepe Coin is doing. They’re focusing on what they’re focusing on. If this market gets enough investors to kiss this frog, it may turn into a prince. PEPE’s peers were also on the gain Monday with Arbi pepe up 21%, PepePAD up 20%, and Papa (PAPA) up 2%.
