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doug funnie
pepe ripping 50% on eth's first move off the lows kinda signals exactly what's to come tbh
similar in principle to the sort of peekaboo when we got that intern BTC ETF leak hit the tl in '23.. like, the hand of the market was shown, even if things paused/reset for a moment
i honestly thought eth would need to ping off 4k to see a monster move for pepe, but it seems like there are a *lot* of folks that reflexively bid pepe on any durable eth strength
i've generally been a "target an echo pump, maybe 50% of prev ATH guy" (still a monster trade), but i feel like pepe might be the first established largecap meme to match/exceed its previous ATH, based on what we saw the past few days.
or put another way: unironically raising targets way higher, based on.. what the hand of the marked showed on the tape
i think fartcoin is another no-brainer candidate to hit prev ATH based on relative strength
need more time, but wouldn't count out other large memes (useless is a no-brainer to eclipse 400m. wif can run back a 'CTO' nostalgia narr, SPX is literally a cult, etc)
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