On-chain liquidity has recently shown signs of warming up. According to historical patterns, around Christmas time, narratives with a market cap of around 50 million often emerge.
There have indeed been recent developments. Pepe creator Matt Furie released a derivative character of Pepe, and as soon as this news broke, the on-chain activity exploded. Market sentiment soared, and various follow-up projects jumped on the hype.
Interestingly, the projects that traders are truly paying attention to are quite different. On the Solana ecosystem, there is a token called $BEPE. However, to be honest, its current market cap is only around 2 million, which is still far from the expected 50 million narrative token. How this project performs and what the future holds still remains to be seen.
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SellLowExpert
· 14h ago
2 million? That's still early. Jumping into this kind of hype-driven stuff now just makes you the bag holder.
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NFTragedy
· 15h ago
2 million? That's still early. Let's wait and see if we can reach the 50 million level. That's the real implementation of the narrative.
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gas_fee_trauma
· 15h ago
It's that season of riding the hype again. When Pepe moves, the entire chain gets restless—classic herd mentality.
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BrokenDAO
· 15h ago
It's that time of year again—the "Narrative Harvest Season." Claiming a $50M dream with just a $2M market cap—this incentive mechanism design is truly brilliant.
On-chain liquidity has recently shown signs of warming up. According to historical patterns, around Christmas time, narratives with a market cap of around 50 million often emerge.
There have indeed been recent developments. Pepe creator Matt Furie released a derivative character of Pepe, and as soon as this news broke, the on-chain activity exploded. Market sentiment soared, and various follow-up projects jumped on the hype.
Interestingly, the projects that traders are truly paying attention to are quite different. On the Solana ecosystem, there is a token called $BEPE. However, to be honest, its current market cap is only around 2 million, which is still far from the expected 50 million narrative token. How this project performs and what the future holds still remains to be seen.