Regarding the PEPE project, there have indeed been quite a few inquiries recently. In the current environment where mainstream cryptocurrencies are relatively stable while meme coins experience extreme volatility, does this frog-themed coin have any prospects? I will analyze its potential development space by combining on-chain data and market cycles.

First, let's state the core judgment: Under current market conditions, if you allocate $1,000 to PEPE at an appropriate price point and hold until September 2026, the potential return could be around $2,789 based on market cycle calculations. But this is not a simple gamble; there are two clear supporting logic behind it.

First, the community base is still expanding. PEPE's holder addresses have already surpassed 455,000, reaching a historical high. More notably, in July last year, a whale-level player once swept in chips worth $3 million. What does this indicate? It shows that large funds have not exited the market, and retail investors are still accumulating. For meme coins, community size is vital; as long as popularity remains and big players do not dump, there is room for speculation.

Second, the structure of market liquidity is changing. After the launch of Bitcoin spot ETFs, a large amount of capital has been absorbed, putting pressure on the liquidity of the entire altcoin market. However, in this environment, meme coins, due to their relatively low participation threshold, are more likely to become new hotspots for capital. This time window is indeed worth paying attention to.