I Really Mean It
Veteran
have you put anything into new pepe? its ATH was around 40 million, i think? it has since dropped considerably, trading around 2~ million for a week now? what’s interesting is its constant burn, which is every 2 hours. it was at a billion circulating supply a month ago, and is now closing in on 900 million.@surf
I know we were talking about gold recently. saw this from them.
not sure what exchange it could be but guessing a smaller one. supply only 21 million. do see a deployer with 10% or so of supply. but that looks to be used to resupply the uniswap and other sales wallets. top 500 own most of the supply, which are all 1k coins and up so not much dent can be made by new folks, unless this new exchange buys a decent percentage of the available coins. per deployer, uniswap wallet, and this other #2 wallet that might be for sales, thats like 15% so who knows what that may be. volume has dipped down since the start but i think it may pick up if an exchange grabs it. it has held up so far even after the dips and not gone completely flat like most coins. i should be at 1 eth in total, so that may be my limit but not sure. i added some pepe back recently & was debating swapping most my pndc for pepe since the chart was looking bearish on pndc for a few days now and pepe was turning bullish but now looks to be dipping a bit, maybe to test support. so i was hoping to wait and see if it bounces or if it was a fake out and gonna get back down. after the big pump the other day it dropped down a bit but then slowly been climbing back up. where it settles now would determine if i swap for it or not. if not, prolly just swap mostly to usdc and throw half eth at Gold hoping it gets decent volume on a new listing. has a way better chance of reaching a dollar with that low supply, but i shall see. do gotta get rid of most or all my pndc cuz it looks ugly to me. need a reversal to show to convince me to keep some.
i think it might have a chance to hit $1 at some point, if the burn continues and the team is able to build holders and get listed on more exchanges.