Pepe token is it pump and dump?

[yhiaali3]

So this means PEPE coin is not Pump and Dump?

because have been hearing this since few years and even has a thread in our local board in BTT and this climbed high last year
that made this a GEM for other hunters.

But for me? Pepecoin is not something that we can expect having a better position for longer time .

Um... duh, all memecoins are pumps and dumps. Even Dogecoin, but only because there is a billionaire tweeter who won't stop posting on X about how he likes Doge memes and foolish traders take that as a hint that doge is going to pump, after which the price crashes back down to earth without any warning, at an unknown time, without any social media activity from our resident memeposter.

Unfortunately, this is what has actually been happening for a long time, but I see that his influence has diminished a lot now. I do not know whether he has had enough, whether he is no longer interested, or whether no one believes him or cares about his tweets anymore.

In any case, GME is not a memecoin, but it was pumped and dumped through one tweet after the three-year absence of an active trader:

The Solana-based memecoin GameStop (GME) — which has no affiliation to the company — rose by 2,727% in the last two days, alongside GameStop’s stock price experiencing a 204.50% increase during the same time frame, according to CoinMarketCap and Google Finance data.
It came after well-known GameStop stock trader Keith Gill posted from his “Roaring Kitty” X account on May 12 for the first time in nearly three years.

https://cointelegraph.com/news/gamestop-memecoins-pumped-bored-crypto-traders

I don't know if this is another example of Twitter's influence on the cryptocurrency community or an example of the silliness of these traders?

[milewilda]

Whenever a new meme coin to be launched with having some those kind of typical approach that this would really be that some sort of another shit coin in the market
but ending up on having that moon shot then tons would really be having those kind of missed out golden opportunity kind of stories on which this isnt something new anymore.
This is why people would really be that always loving on trying out to test or deal out with those meme coins on which they've seen that it does have that potential hype
and strong community but knowing these things on early phase is something that wont really be that easy.

[UNIVERSE]

When dealing up with meme coins then you should really just that invest on what you can afford to lose and this is always been the golden rule on the moment that you would really be touching up with this crypto space on which this is really that generally be applied to all. We do know that it isnt really that something that could be known on when it would be pumping.

Basically, we only use the money that we can afford to lose when we invest in any crypto coin. Even we invest in Bitcoin, it is better to use the free money, don't use the money for daily basic necessities. Moreover if we invest in meme coins, it should be small amount of money that we allocate for crypto investment. We don't know that the meme coins may increase again their prices or not. Mostly, we invest in meme coins is like gambling with random crypto coins.

There are really just that people who do love on engaging with memes just because they would be preferring on getting that higher multipliers on which it would be a normal approach because everyone loves on getting rich. 

Many of people who are interested in meme coins because they are influenced by the stories of other people who are successful with meme coins. They think to succeed in meme coins is easy, but we know that it is totally wrong. Even, when we invest in meme coins, it is the riskiest way to invest in crypto coins.

[bee]

Even, when we invest in meme coins, it is the riskiest way to invest in crypto coins.

They are just another form of gambling. It's just that some of them have managed to get out of this category because their communities are growing rapidly and starting to become popular among influencers.

[UNIVERSE]

They are just another form of gambling. It's just that some of them have managed to get out of this category because their communities are growing rapidly and starting to become popular among influencers.

I agree with you. People who invest in meme coins because of influenced by other people but they have no enough knowledge about the coins, this can be categorized as gambling. This way mostly relies on the luck only since it doesn't apply any approach to determine the coins for investment.

Influencers understand that many people easily trust sweet stories, so they use nice stories to attract people. Unfortunately, there are always some people who become lazy to do research, so they join the random meme coins and lose their money in the coins.

[Rubel007]

Even, when we invest in meme coins, it is the riskiest way to invest in crypto coins.

They are just another form of gambling. It's just that some of them have managed to get out of this category because their communities are growing rapidly and starting to become popular among influencers.

It would not be wrong to call it gambling. The main reason for the rise of meme coins is to have a large community that exists within this coin. Investors have a positive view on this coin compared to other meme coins due to which the coin is slightly bearish but after some time it turns bullish again. A big bullish trend has been seen in this coin today as well. It has increased by 7.3 percent in the last 24 hours.

[Roseline492]

People who invest in meme coins because of influenced by other people but they have no enough knowledge about the coins, this can be categorized as gambling. This way mostly relies on the luck only since it doesn't apply any approach to determine the coins for investment.

Influencers understand that many people easily trust sweet stories, so they use nice stories to attract people. Unfortunately, there are always some people who become lazy to do research, so they join the random meme coins and lose their money in the coins.

I agree with you because there are people who normally have interest on a particular coin based on the fact that they saw other people investing on it so at that moment conducting a better research before investing on it becomes difficult for them because they are already satisfied with what they are currently seeing without knowing that the coin can possibly rug pulled.

Actually so many crypto influencers have realized that so many people always want the easier way in making money from meme coins so however most of them normally take advantage of them by hyping a particular coin and immediately the price move up they sell everything and dump the price, which is one of the things I dislike about meme coins because is highly manipulated.

[Crwth]

It’s just really crazy when a meme coin has that kind of market capitalization and We don’t know why completely people get into it but for sure it has something to do with profit the rise of it at a valuation like this is hard to grasp in my opinion.

[LogitechMouse]

It’s just really crazy when a meme coin has that kind of market capitalization and We don’t know why completely people get into it but for sure it has something to do with profit the rise of it at a valuation like this is hard to grasp in my opinion.

What's even crazier is that, the coin has all the red flags that a normal investor will simply ignore the project.
- No transparency because the team is anonymous.
- No tokenomics, no roadmap, no intrinsic value.

PEPE is the definition of a "SHITCOIN" but despite all of that, the community behind the token is very huge and very strong as well. TBH, I don't know how a meme coin like PEPE that has all those red flags became a popular and has a total market cap of around $5B. To answer the question, I don't think that it's a pump and dump coin right now because of its surprisingly huge market cap, and pump and dump is mostly applicable to those lower market cap ones. Will I buy the coin? NO.

[alltalk]

It’s just really crazy when a meme coin has that kind of market capitalization and We don’t know why completely people get into it but for sure it has something to do with profit the rise of it at a valuation like this is hard to grasp in my opinion.

What's even crazier is that, the coin has all the red flags that a normal investor will simply ignore the project.
- No transparency because the team is anonymous.
- No tokenomics, no roadmap, no intrinsic value.

PEPE is the definition of a "SHITCOIN" but despite all of that, the community behind the token is very huge and very strong as well. TBH, I don't know how a meme coin like PEPE that has all those red flags became a popular and has a total market cap of around $5B. To answer the question, I don't think that it's a pump and dump coin right now because of its surprisingly huge market cap, and pump and dump is mostly applicable to those lower market cap ones. Will I buy the coin? NO.

+1 for your comment.
I really agree with you, Pepe is just a shit coin, the same as other meme coins.

Everyone knows that meme coins have no fundamentals, it has no clear future. But people never stop to join meme coin investment because the price of meme coin like people increasing very crazy. They may be aware it is very risky, the project can disappear suddenly, the team behind the project can leave it any time. Well, I also never has an interest to buy this meme coin. Even if I want to buy a meme coin, I prefer to buy Dogecoin only. 

[albon]

It is already in the high market cap category so its total supply is almost equal to its circulation supply. whenever bitcoin increases, the price of pepe token increases and when bitcoin decreases, it also decreases. Pepe Coin is a meme cryptocurrency that gained massive prominence in 2024. In early 2024, bitcoin and e began to perform strongly ushering in a renaissance in the cryptocurrency space. In the following months Pepe Coin emerged as one of the leading meme tokens which further contributed to its price increase. Interested investors should do more research, especially on the causes of large price fluctuations and the future prospects of the currency.

[debra]

It is already in the high market cap category so its total supply is almost equal to its circulation supply.

If you checked it on CMC, you must know if the circulation supply is the same as the total supply. It is 420.69T PEPE.
I don't know what implies on this fact, but I think it means all PEPE are already in the market. This means the supply is full on the market, so it seems the possibility of next pump won't be as high as in the past.

whenever bitcoin increases, the price of pepe token increases and when bitcoin decreases, it also decreases. Pepe Coin is a meme cryptocurrency that gained massive prominence in 2024.

Yes, PEPE is the most massive increase of popular meme coins in 2024. But I think PEPE doesn't always follow the price change of Bitcoin. Since PEPE already increased very significantly, I am not really sure PEPE will be pumped very high again even if Bitcoin can skyrocket in the next few months. Unless in altcoin season, not sure PEPE will skyrocket again. 

[milewilda]

It is already in the high market cap category so its total supply is almost equal to its circulation supply.

If you checked it on CMC, you must know if the circulation supply is the same as the total supply. It is 420.69T PEPE.
I don't know what implies on this fact, but I think it means all PEPE are already in the market. This means the supply is full on the market, so it seems the possibility of next pump won't be as high as in the past.

whenever bitcoin increases, the price of pepe token increases and when bitcoin decreases, it also decreases. Pepe Coin is a meme cryptocurrency that gained massive prominence in 2024.

Yes, PEPE is the most massive increase of popular meme coins in 2024. But I think PEPE doesn't always follow the price change of Bitcoin. Since PEPE already increased very significantly, I am not really sure PEPE will be pumped very high again even if Bitcoin can skyrocket in the next few months. Unless in altcoin season, not sure PEPE will skyrocket again. 

On the moment that a certain coin/token is really that being listed or placed on top 10 or 20 then expect that it wouldnt really be making any 100x or 1000x increase into its price.
Basing up realistically into its marketcap then it would really be that hard to believe that it could really shoot up another moonshot which we know that it cant be possible.
Somehow there are still those people who do hold PEPE but pretty sure that they arent that expecting too much but since this one isnt listed on Coinbase yet then
it might be still giving some few folds when it comes to bull run but dont expect something exceptional into this one but well no one really knows yet demand would really be
always the key on this one.

[Rubel007]

It is already in the high market cap category so its total supply is almost equal to its circulation supply. whenever bitcoin increases, the price of pepe token increases and when bitcoin decreases, it also decreases. Pepe Coin is a meme cryptocurrency that gained massive prominence in 2024. In early 2024, bitcoin and e began to perform strongly ushering in a renaissance in the cryptocurrency space. In the following months Pepe Coin emerged as one of the leading meme tokens which further contributed to its price increase. Interested investors should do more research, especially on the causes of large price fluctuations and the future prospects of the currency.

Among the memecoins, Pepe Coin is quite popular. Any change in the market also changes the price of the coin. However, the coin does not see much of an upside trend as the market is now trading with ups and downs. If the price of Bitcoin rise up there is a slight increase in the price of the coin but when the price starts to fall again the coin loses more value. Such a trend is very common for meme coins. To get high profit from such coins one must hold long term investment.

[Ricardo11]

It is already in the high market cap category so its total supply is almost equal to its circulation supply. whenever bitcoin increases, the price of pepe token increases and when bitcoin decreases, it also decreases. Pepe Coin is a meme cryptocurrency that gained massive prominence in 2024. In early 2024, bitcoin and e began to perform strongly ushering in a renaissance in the cryptocurrency space. In the following months Pepe Coin emerged as one of the leading meme tokens which further contributed to its price increase. Interested investors should do more research, especially on the causes of large price fluctuations and the future prospects of the currency.

Among the memecoins, Pepe Coin is quite popular. Any change in the market also changes the price of the coin. However, the coin does not see much of an upside trend as the market is now trading with ups and downs. If the price of Bitcoin rise up there is a slight increase in the price of the coin but when the price starts to fall again the coin loses more value. Such a trend is very common for meme coins. To get high profit from such coins one must hold long term investment.

I also agree with you, the meme coin usually fluctuates with the price of bitcoin, but these coins suddenly pump a lot more at any time. It is possible to earn a lot from meme coin but for that you need to invest a lot of time in good meme coin, because there are different types of meme coin in the market, but not all of them are good, so we should invest in some good meme coin, for a long time holding.