Pepe Pumps 8% And Millionaire Trader Thinks Will Become 'So Nutty Soon' That His $1M Investment Will Outperform All Others

Zinger Key Points
  • Crypto trader highlights the potential of zero leverage spot trading in PEPE to outperform all his open leveraged positions.
  • With a negative correlation to Bitcoin, 88% of Pepe holders currently remain in profit.

Pepe PEPE/USD is up 58% month-over-month, leading a trader to believe spot positions will outperform all his leverage positions.

What Happened: Crypto trader Crashius Clay, best known for making millions with BRETT, shared a humorous observation about the potential of trading PEPE with zero leverage, hinting an upcoming market frenzy and the importance of discipline in buying during quiet periods.

Clay, who claims to hold a more than $1 million in PEPE, suggests that the market is on the verge of becoming "so nutty soon."  The trader’s tweet also highlights the potential of a 100% spot PEPE portfolio to outperform 99% of the market during this cycle.

In response to one crypto trader who is curious why Pepe has not flipped Shiba Inu SHIB/USD, Clay said "it will very soon."

While Crypto Twitter is buzzing about Pepe's potential, one crypto trader, ZeroToTom predicts $50 billion in market capitalization as “inevitable” for the meme coin. Currently, it is valued at $3.7 billion. Another trader focused on Pepe, Plazma, tweeted, "I think after 895/920 PEPE will start getting some god candles to ATH and we might not even get too much resistance there."

Price Action: In the past 24 hours, Pepe is up 8.1% to $0.000009387, taking its monthly gains to 58%.

Also Read: Pepe Up 6% And Trader Sees ‘Some Very Good Levels For Fresh Set Ups’

Why It Matters: IntoTheBlock data shows a 1.2% surge in Pepe holders’ balances to $346.9 million, while 88% of Pepe holders are currently making a profit, higher than Dogecoin's 79%. Data shows a negative 0.18% correlation with the Bitcoin price.

Clay’s prediction reminds investors that the key to success lies in having the discipline to buy when the market is slow and quiet, rather than chasing the hype during fast-paced and frenzied periods. If one doesn't have the discipline to buy when things are slow and quiet, they do not deserve to sell them when they are fast and hyped, according to Clay.

This bold claim by the trader underscores the growing interest in PEPE and its potential to generate significant returns for investors who have the foresight and patience to accumulate the token during quieter market phases.

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next: Dogecoin Is ‘Primed For Higher’ But Pepe Is ‘On A Moon Mission,’ Exclaims Trader

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image: Shutterstock

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