PEPE Coin: The Latest Crypto Pump & The YouTubers Pumpin’ It
In the financial world, we’ve seen some truly absurd phenomena: tulip mania, the dot-com bubble, the real estate market crash of 2008, but nothing – and I mean nothing – even comes close to the fast-paced madness of the cryptocurrency market.
Attachment 912B: PEPE coin.
Based on Pepe the Frog, a meme older than most TikTokers, this memecoin circus act recently reached a market cap of $1.7 billion. And you might be wondering, “Why, Steve? Why would anyone put their hard-earned money into this dumpster fire that spawns memes?”
Take a chair, it’s story time.
The madness
In a world where small-cap indexes are flat and interest rates have soared above 4%, you’d think people would be cautious about where they put their money. But who needs sensible investments when we have PEPE Coin?
A memecoin that is literally named on its website, and I quote: “$PEPE is a memecoin with no intrinsic value or expectation of financial return.”
what a deal right? It’s like a casino where you are guaranteed to lose.
Now here comes the juicy part: no one knows who’s running this rodeo. There is no comprehensive white paper or transparency. It’s like buying a mystery box from a shady guy in a trench coat: you don’t know what you’re getting, but you’re pretty sure it’s illegal or worthless, or both.
One would think with such a backstory it would be the laughing stock of the crypto world, right? But no, PEPE Coin is now listed on four of the top ten crypto exchanges in the world.
Coinbase was the big holdout, even temporarily publishing a blog post stating, “The token is based on the Pepe the Frog meme, which first appeared on the internet as a comic book character almost 20 years ago.” According to the Anti-Defamation League, it was created in the Appropriated as a hate symbol by right-wing extremist groups over time.”
Shortly thereafter, the PEPE-loving mob turned on Coinbase and made sure #deletecoinbase was trending. Which is now leading to Coinbase getting back on track faster than a dean at a Super Woke college after agreeing to let Andrew Dice Clay do a show.
how did we get here It all started with a group of crypto experts — a term as contradictory as these YouTubers with a following larger than Wyoming’s population, who spewed out “advice” like an uncontrolled fire hydrant, and sadly their gullible subscribers are licking it on. They’ll remind you that they don’t give investment advice, but they can’t stop babbling about these meme coins. It’s a paradox wrapped in a mystery laced with a pinch of deception.
Let’s dive into these Youtubers.
Claybro
Let’s start with ClayBro. Apparently he has over 100,000 subscribers on YouTube and is very happy that Elon Musk tweeted about PEPE Coin.
Okay, let’s look at the tweet.
Well, this has nothing to do with PEPE Coin. Yes, there is PEPE, the character created by Matt Furie, which is also unrelated to the PEPE coin. But please go ahead Clay Bro, tell us why this tweet matters.
“He knows his stuff, man.” “He loves to stir the pot.” “It’s 100% intentional that Elon make us rich.”
So Elon once pumped a MEME coin named Doge. And now he was tweeting a popular alt-right character, but in reality it was he who was hinting at how he might buy.
Okay… What else do you have for us ClayBro…
There is a lot of discussion about a crypto coin on social media. God knows, you can’t fake that in the crypto world.
The moon channel
Next we have a YouTuber named Carl Runefeldt and theDavinci talking about Pepe Coin.
Now, before I get into that, I have to say that I did this for you, our audience, and I may have lost my nerve at the sight of those idiots. So I can split this for you. I tried to get Youngg Justin to go through these with me and told me that he would rather serve time at Guantunimo Bay. That’s an actual quote, by the way.
I bring you the Moon Boys…
Turns out Apollo Creed didn’t die after Rocky 4, he just had enough brain damage that he now hangs out with a 17-year-old kid and talks bullshit.
Oh, they give investment advice now. Let’s go back two weeks and see what they said.
I have credit for saying it somehow. But what kind of analysis or things did they tell us? For example, what is it traded for?
Okay, but what do you know, like who owns all the tokens? Who created it? What value does it offer?
But you are asking us to invest 1-3% of our portfolio in it. How much do you believe in it?
Got it, follow you to become a millionaire. Put 1-3% of my portfolio in it. Perhaps. And ignore the fact that we can’t count the price on our fingers and have literally no insight into structure or ownership.
In order. Thank you Carl Runfeldt and Carl Weathers. You’re far more entertaining than Charlie Munger.
So this boy who hurls worthless tokens, and I mean worthless because the token issuers themselves call them worthless. In his opinion, he has a greater investment advantage than Charlie Munger. Let’s just keep going.
And then there’s Meet Kevin
Next is “Meet Kevin”. All right, Kevin, give me the goods.
There will always be warning signs in everything. You never know. Forget the fact that there are 420 trillion tokens and we don’t really know what happens to each one of them.
Everything has risks.
And apparently the plan to break it all down is to use a large language model that was never intended to do anything like “cryptanalysis”. But who needs Jim Cramer when you have a language model that spits out predictions with no input?
For those who refused to watch the full video, here’s a snippet of the merchandise.
Thanks Kevin
packaging
So folks, let’s wrap it up – if you’re still with us, check out this video script.
PEPE Coin’s “business plan” sounds more like a drunken rant at a college party than a financial strategy. It spans meme takeovers, community partnerships, merch and more, and promises to be as successful as a vegan steakhouse in Texas. With the caveat that we have no idea who is responsible for implementing this strategy.
At the end of the day, this is a high-risk music chair game that if you decide to play, you can only hope you don’t buy the top and find a bigger fool than yourself. Because when you ultimately own this thing, there’s no actual value behind it, no income, no future dividends, no wealth, nothing.
Those who put money into PEPE Coin and hope they won’t be the last ones left when the music stops are basically what the stock market became after 2008 when the Fed introduced near-zero interest rates. And the crypto markets are making penny stocks look like blue chip investments to the sophisticated investor.
It’s about the rise of an industry where reality is optional and sanity is scarce. Where YouTubers often offer investment advice, although they say they don’t offer investment advice, they literally don’t provide insights into the stocks they analyze.
Information for this briefing was found through Pepe Coin, Reuters and the sources mentioned. The author has no securities or affiliations with this organization. No buy or sell recommendation. Always conduct additional research and consult a professional before purchasing any security. The author does not own any licenses.
As the founder of The deep dive, Jay focuses on all aspects of the business. This includes both operations and being the lead author of The Deep Dive’s stock research. In addition to The Deep Dive, Jay writes freelance for a number of companies and has been published on Stockhouse.com And CannaInvestor Magazine among other.