The voices of PEPE reaching $1 and achieving financial freedom are becoming more and more common. Recently, some people even went all in with half a year's salary, waiting for a overnight turnaround. As a veteran in this circle, I think it's time to calmly discuss the other side of this matter.

Let's start with the most basic data. PEPE has a supply of 420.69 trillion tokens. There are only 8 billion people in the world, so on average, each person could get over 50,000 tokens. This number sounds outrageous.

If PEPE really rises to $1, what would its market cap be? $420 trillion. That's even larger than the current global GDP and dozens of times higher than the entire crypto market cap. Currently, Bitcoin's market cap is about $1.2 trillion. For PEPE to reach $1, its market cap would be 350 times that of Bitcoin. Would so much global capital really go crazy to this extent?

Some say burning tokens is the way out, but based on real data, even with a burning mechanism, PEPE's circulating supply remains terrifyingly large. Relying on burning to "shrink" the supply and support the price to reach $1 is fundamentally flawed.

If the supply issue isn't solved, all dreams are castles in the air. This isn't to say MEME coins have no trading value, but the expectation of "getting rich overnight" must be based on a realistic understanding of the market. The market always respects fundamentals.