PEPE Coin: The Latest Crypto Pump & The YouTubers Pumpin’ It
In the world of finance, we’ve seen some truly absurd phenomena: tulip mania, the dot-com bubble, the housing market crash of 2008, but nothing – and I mean nothing – comes close to the high octane lunacy of the cryptocurrency market.
Based on ‘Pepe the Frog’, a meme that predates most TikTokers, this circus act of a memecoin recently reached a market cap of $1.7 billion. And you might ask, “Why, Steve? Why would anyone feed their hard-earned money into this meme-spawning dumpster fire?”
Well, pull up a chair, it’s story time.
The insanity
In a world where small cap indexes have stagnated and interest rates have soared past 4%, you’d think people would be cautious about where they put their money. But then again, who needs sensible investing when we have PEPE Coin?
A memecoin that literally states on its website, and I quote, “$PEPE is a meme coin with no intrinsic value or expectation of financial return.”
What a deal, right? It’s like a casino where you’re guaranteed to lose.
Now here’s the juicy part: no one knows who’s running this rodeo. There’s no comprehensive white paper or transparency. It’s like buying a mystery box from a sketchy guy in a trench coat: you don’t know what you’ll get, but you’re pretty sure it’s illegal or worthless, or both.
You’d think, with a backstory like that, it’d be the laughing stock of the crypto world, right? But no, PEPE Coin is now listed on 4 of the top 10 crypto exchanges in the world.
With Coinbase being the big holdout, and even temporarily putting up a blog post saying “The token is based on the Pepe the Frog meme, which first surfaced on the internet nearly 20 years ago as a comic-strip character. Over time it has been co-opted as a hate symbol by alt-right groups, according to the Anti-Defamation League,”
Shortly after the PEPE-loving mob turned on Coinbase and got #deletecoinbase trending. Which now has Coinbase back peddaling faster than a dean at a super woke college after agreeing to have Andrew Dice Clay do a show.
So how did we get here? It all began with a bunch of crypto-experts, a term as oxymoronic as these YouTubers with followings larger than the population of Wyoming spewing “advice” like an uncontrolled fire hydrant, and sadly their gullible subscribers lap it up. They’ll remind you they aren’t giving investment advice, but can’t stop babbling about these meme coins. It’s a paradox wrapped in an enigma, served with a side of deception.
Let’s dive into these Youtubers.
Claybro
Let’s start with ClayBro. Who apparently has over 100,000 subscribers on YouTube and he’s really excited that Elon Musk was tweeting about PEPE Coin.
Okay so lets see the tweet.
Well this has nothing to do with PEPE Coin. Yes, it has PEPE the character created by Matt Furie, who also has nothing to do with the PEPE Coin. But please go on Clay Bro, tell us why this tweet matters.
“He’s in the know man.” “He loves to stir the pot.” “It’s 100% intentional that Elon is going to make us rich.”
So Elon once pumped a MEME coin called Doge. And now he tweeted out a popular character with the alt-right, but really it was him hinting at how he might buy.
Alright… What else do you got for us ClayBro…
Social media discussion for a crypto coin is large. Lord knows, you can’t fake that in the crypto world.
The moon channel
So next up, we have a YouTuber named Carl Runefeldt and theDavinci talking about Pepe Coin.
Now before I get into this, I have to say, I did this for you, our audience, and I may have lost braincells watching these morons. So I could slice this us up for you. I tried to make Youngg Justin go through these with me, and told me he would rather serve time in 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 so much brain damage that he’s now hanging out with a 17 year old kid talking about shit coins.
Oh so they are now giving investment advice. Let’s go back 2 weeks and see what they said.
Credit where it’s due they did sort of say it. But what sort analysis or things did they tell us. Like what does it trade for?
Okay, but what do you know, like who owns all the tokens? Who created it? What value does it provide?
But you’re telling us to allocate 1-3% of our portfolios in it. How much do you believe in it?
Got it, follow you to be a millionaire. Put 1-3% of my portfolio in it. Maybe. And ignore the fact, we can’t count the price on our fingers and have literally no insights into the structure or ownership.
Alright. Well thank you Carl Runfeldt and Carl Weathers. You’re far more entertaining than Charlie Munger.
So this kid who slings worthless tokens, and I mean worthless, because the token issuers themselves call them worthless. In his mind has more of an investing edge than Charlie Munger. Let’s just move on.
And then there is Meet Kevin
Up next we got Meet Kevin. Alright Kevin, give me the goods..
There’s always gonna be red flags with everything. You never know. Forget the fact there are 420 trillion tokens and we don’t really know whats happening with any of em.
Everything has risk.
And apparently the plan for breaking everything down is using a large language model that was never intended to perform something such as “crypto analysis.” But who needs Jim Cramer when you got a language model spewing out predictions with no inputs.
For those that refused to watch the full video, here’s a snippet of the goods.
Thanks Kevin.
Wrapping it up
Alright guys, let’s wrap it up – if you’re still with us reading through this video script.
PEPE Coin’s “business plan” sounds more like a drunk rant at a college party than a financial strategy. It includes meme takeovers, community partnerships, merch, and more, promising to be as successful as a vegan steakhouse in Texas. With the caveat that we have no idea who is responsible to implement any of this strategy.
In the end, it’s all a high-stakes game of musical chairs, where if you decide to play all you can hope is that you don’t buy the top and you can find a greater fool than yourself. Because ultimately if you’re left owning this thing, there is no actual value behind it, no income, no future dividend, no assets, nothing.
Those who pour money into PEPE Coin hoping they aren’t the last one standing when the music stops, is basically what the stock market turned into after 2008 when the Fed became married to near zero interest rates. And crypto markets make penny stocks look like blue chip investments for the sophisticated investor.
It’s about the rise of an industry where reality is optional, and sanity is scarce. Where YouTubers commonly make investment advice, while saying they aren’t making investment advice, while giving literally no insights into the equity they are analyzing.
Information for this briefing was found via Pepe Coin, Reuters, and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
