Rekindling the meme coin frenzy, is PEPE 6000 times in 4 days the new Ponzi?

With the recent Bitcoin market standing above the $30,000 mark, counterfeit MEME coins have begun to make waves again, such as PEPE, AIDOGE, XEN, etc.

Of course, it also attracted a lot of speculation from smartmoney or insiders, and the literal income is very high. For example, SmartMoney, which starts with 0x 4 a, spent 0.125 ETH (about $251) on April 15 to purchase 5.9 trillion PEPEs. As of press time, the literal market value reached about $1.7 million. In other words, the literal gain of more than 6000 times in 4 days.

Also because of its high popularity, PEPE ranks among the top five tokens on Uniswap.

In short, no matter how you look at it, PEPE is very similar to those previous Ponzi cottage MEME coins. Of course, it is worth noting that when the MEME currency explodes, it is the moment when the market is in jeopardy.

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1. PEPE Utility and Token Economics

Token Economics:

• Total supply = 42.69 trillion

• 93.1% supply liquidity pool = 391.66 trillion (LP tokens destroyed)

• 6.9% to the team = 29.03 trillion

• Utility: zero

• Uni_V2 pool: 7.71 trillion

• Uni_V3 pool: 4.1 trillion

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2. Social popularity

• Hot on dexscrener

• Hot on dextool

• The growing dominance of society

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3. Token Data

The number of holders continues to increase and currently exceeds 20,000. That's a lot for a 4-day live project.

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4. Smart Money Behavior Model

Due to the different amount of SmartMoney, the displayed results will be different from the usual situation.

use:

• Nansen Token God Mode (smart-money data is not yet available, I need to do it manually)

• Token DawgmodeDune Dashboard

• Token Analyzooor Dune Dashboard

When you look at the first wallets that bought PEPE, it's a bit odd. Many wallets simultaneously bought at an extremely low price within 20 seconds, exceeding 70 T.

Many of the first buyers were actually the same people who just divided their purchases into portfolios. Many of them received a small amount of ETH (about $150) from ByBit and bought trillions of PEPE, now worth millions of dollars.

Only a few SM (SmartMoney) sold all PEPE. Even if their portfolio made 10,000 times, most people did not sell.

• Yellow tags are SMs betting shitcoins with fast TPs.

• Green tags are SMs that bought early.

• Red Labels are Untraceable Portfolios who use Bybit to hide their activities.

There are only 17 SM addresses listed here, but the portfolio I looked at is many more. Those largest holders who bought in the previous 24 hours still hold PEPE.

PEPE Whale Wallet may not take-profit yet because:

• not much liquidity

• They think FOMO is just beginning

Green Label wallets are:

0x25cd302e37a69d70a6ef645daea5a7de38c66e2a

0x3191203c8a89d71a8f5a35140e2c7f2477396c92

0x4a2c786651229175407d3a2d405d1998bcf40614

Red Label wallets have:

0x41aa8c1f1725b21f952f1bce92bd231ba8cf9bc0

0x2bfdaa9dd264d007211216fc4a6c2e8bee572c8c

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5. Conclusions and warnings

PEPE is a total Ponzi scheme. I'm not saying it's going to face a selloff now because whale wallets are still holding it, but it seems like a dangerous game right now.

If the global market rises, PEPE will surely rise faster. Otherwise, many people will be eliminated very quickly.

PEPE reignited the MEME coin frenzy, and numerous altcoins will follow.