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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
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Many people in the market are saying that PEPE is doomed, but I don't think so.
Four months ago, Bitcoin was still at a high, Ethereum was hovering around 1450, and the entire network was bearish on ETH. Many were saying ETH would drop to 1000 and 800, with jokes coming one after another, like "ETH will never be 2800" and "The E-Guardian has arrived." The reasons sounded grandiose, but the truth was just one sentence: BTC has been rising for two years, and ETH hasn't, so ETH is doomed.
As a result, ETH was directly pulled up by 5 consecutive weekly lines, and just the day before yesterday, it closed with the strongest weekly line since 2021, breaking through 4300 in one go, and the whole network immediately switched to rainbow fart mode. They said ETH is a civilization-level innovation, yet these are the same people who criticized ETH when it was below 3000.
The current scenario is almost a replay—BTC and ETH are both at high levels, PEPE is at a low level, and the whole network is starting to say that memes are not viable again, with familiar reasons: this is an institutional bull market, and what rises are things that institutions are interested in; institutions will not buy altcoins, especially memes which have no chance at all. Although I also said during my live broadcast that meme coins are not the main focus of speculation in the second half of a bull market, as long as it is a bull market, when the time comes, those that should rise will still rise, even in the first half of the bull market when everyone was not optimistic about ETH and the Ethereum system; at that time, the market's main focus was on the SOL system and meme coins. However, ETH also broke through 4000 twice, and Ethereum-based altcoins have no problem multiplying several times from the bottom; that's how the market works. When everyone is not optimistic about meme coins and is liquidating their positions, a leading coin like PEPE only needs a large bullish weekly candle to recover all its losses, and at that time, the market's faith will return.