PEPE, this internet meme coin, has been performing quite interestingly lately. Based on the data, it has already fallen over 68% this year, which is indeed a significant drop. However, things have been a bit different in the past couple of days — in the last month, it has actually risen more than 44%, as if brewing a rebound.



In the short term, PEPE still faces some pressure. It has dropped nearly 3% in the past day and about 4.5% over the past week. But compared to the overall decline this year, this recent upward momentum has definitely drawn more attention to this coin. Such a rebound from a deep decline often sparks discussions in the community — is it a bottom signal or a trap for a rebound? Everyone has their own opinion.
PEPE-1,23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
AirdropHarvestervip
· 3h ago
It's really a hot potato, it rose for a month and then started to fall again. Can this rebound hold? --- PEPE has fallen 68% in a year but still attracts popularity, indicating that this thing truly has a need among retail investors. --- Is the bottom still a trap? Anyway, I'm already numb, let's keep observing. --- Every time they say it's the bottom, it just keeps going down. Is this time really different? Doubtful. --- A 44% increase in a month sounds good, but a 68% drop in a year slapped in the face, can't even do the math. --- This coin is just like that, a two-second rebound can be blown into a turnaround. --- I've heard many signals of the bottom, but I still want to wait and see if there's real trading volume. --- Meme coins are like this, all rely on emotions, rational analysis is useless.
View OriginalReply0
fork_in_the_roadvip
· 4h ago
Pepe's recent rebound looks a bit interesting, but I still don't quite believe it. It feels like just the prelude to a rug pull. Everyone chasing quick profits has entered, and it will probably drop again to dog levels. It's really hard to find the bottom by following clues; 99% are traps. To be honest, daring to buy even after a 68% drop shows you're really brave. A 44% monthly increase sounds great, but a 68% annual decline is a loss no matter how you calculate it.
View OriginalReply0
StablecoinEnjoyervip
· 4h ago
It looks like the same old story again, with a higher probability of a rebound trap.
View OriginalReply0
RugPullSurvivorvip
· 4h ago
PEPE's rebound this time looks quite impressive, with a 44% increase that is indeed eye-catching. However, I'm still a bit hesitant, after all, there's a 68% decline since the beginning of the year, and it's really hard to tell if the bottom is a trap.
View OriginalReply0
ContractHuntervip
· 4h ago
Pepe's recent surge looks quite impressive, but with a 68% annual decline still in place, the probability of a rebound trap isn't small, right?
View OriginalReply0
MetaNomadvip
· 4h ago
PEPE's recent 44% surge, I don't see any bottom signals, it's just a typical trap to harvest retail investors, leaving 68% of the trap unfilled.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)