During the 2021-2022 bull market, the Shiba Inu meme coin created a lasting impact on the meme coin landscape. This surge followed Dogecoin’s initial 36,000% rally, with Shiba Inu itself skyrocketing over 1,000,000%. This success has sparked a search for the next meme coin that could mirror Shiba Inu’s explosive growth, and many believe PEPE is the prime candidate. One analyst has explored this possibility in detail, explaining why PEPE might achieve a similar feat.
Why PEPE Could Be This Cycle’s Shiba Inu
Crypto analyst Rexha shared insights on the current meme coin market via X (formerly Twitter), outlining what investors might expect. The analysis begins by drawing a parallel between the charts for SAFEMOON and active Solana traders, noting a striking similarity. For context, SAFEMOON was a 2021 meme coin that experienced a massive pump before being exposed as a scam.
Rexha highlighted that investors are always searching for the next big opportunity, much like in 2021 after the Dogecoin and Shiba Inu rallies on Ethereum. At that time, traders migrated to “cheaper” blockchains in pursuit of the next big winner, leading to numerous scams—a trend that peaked with SAFEMOON on the BNB Chain. Eventually, as scams proliferated and many traders became exit liquidity, attention shifted back to the original meme coins that started the rally, namely Dogecoin and Shiba Inu, which were perceived as safer bets.
This time, however, Dogecoin and Shiba Inu are not leading the meme coin charge. According to Rexha, PEPE and similar coins on the Ethereum blockchain initiated the current surge. The move to Solana, he explains, was driven by traders seeking new opportunities on a “cheap and fast” chain. Yet, with projects like PumpFun draining significant liquidity from the market, activity on Solana has largely faded.
As the cycle completes itself once again, Rexha anticipates traders will return to the meme coin that started it all—in this case, PEPE. He describes this as a “Return to Quality” on Ethereum, predicting that PEPE’s second major rally will resemble Shiba Inu’s second run. The analyst also cautions that during PEPE’s next surge, traders may be tempted back into other blockchains, such as a potential PumpFun “V2.” However, he warns this could be a “Final Extraction” event, urging traders to exercise extreme caution when dealing with meme coins.
Frequently Asked Questions
Of course Here is a list of FAQs about an analysts recommendation to buy PEPE designed to cover questions from beginners to more advanced investors
Beginner Definition Questions
1 What is PEPE
PEPE is a cryptocurrency token specifically a meme coin inspired by the popular internet meme Pepe the Frog It operates primarily on the Ethereum blockchain
2 Is PEPE the same as PepeCoin or other Pepethemed coins
No PEPE is a specific distinct token There are other projects with similar names so its crucial to verify the correct contract address before any purchase to avoid scams
3 Why would an analyst say now is the time to buy
An analyst typically bases this on a combination of technical indicators market sentiment and potential upcoming catalysts that could drive the price up in the near future
4 Isnt PEPE just a meme Is it a serious investment
PEPE is fundamentally a meme coin meaning its value is heavily driven by community sentiment social media trends and speculation rather than underlying technology or utility It is considered a highrisk highvolatility asset not a traditional investment like a stock or a commodity
Strategy Timing Questions
5 What specific reasons might an analyst give for buying PEPE now
Common reasons could include a recent price consolidation a bullish pattern forming on the price chart increasing social media buzz and holder count or a potential surge in the broader meme coin sector
6 What does buying the dip mean and is that whats happening
Buying the dip means purchasing an asset after its price has fallen with the expectation it will rise again An analyst might believe PEPE has reached a local low or support level making the current price an attractive entry point
7 Should I invest my life savings because an analyst said so
Absolutely not You should only invest money you are prepared to lose entirely especially with volatile assets like meme coins Analyst opinions are not guarantees
8 How do I actually buy PEPE
You typically need to use a decentralized exchange like Uniswap The process involves 1 Getting a