2025-12-25 05:34:28

On-chain liquidity has warmed up again. In previous years around Christmas, there was almost always a narrative token worth around 50M that would emerge.

Recently, PEPE launched derivatives, and the market has indeed become more volatile. But interestingly, what people are really trading are clones like BEPE on the Solana chain. Although its market cap has only reached around 2M, the level of frenzy… is both exciting and sad.

On-chain is truly a different world. Every time such a narrative wave rises, you can see clearly who is genuinely participating and who is just watching. Whether this wave will arrive as expected depends on the market’s reaction in the coming weeks.

PEPE1.66%

SOL-0.17%

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GasFeeCrier

· 6h ago

Here we go again. I really didn't expect that something like BEPE could reach 2M.

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probably_nothing_anon

· 6h ago

It's the same old trick again, every year before Christmas there's always a round, so boring. It's truly outrageous how BEPE has skyrocketed, with a 2M market cap going crazy, I really don't understand. Players on the Solana chain are all going crazy, what are they chasing? Whether this wave can continue to rise depends on the next few weeks; anyway, I'm not moving.

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