PEPE price is also pumping high these few days the bitcoin price is pumping and has made a good profit. This is the first time that I see PEPE making a good amount of profit. However, it's memecoin season and they are the one on the hype due to bitcoin bull run.
However, it's good to sell these memecoins whenever you have made good profit because their price can go down significantly within a twinkle of an eye. I only invest in bitcoin because I am a long-term hodler and not a gambler.
Very well because the hype around those meme coins can be crazy to the point that some gullible people will believe in them for the long term base and most of these investors fail to take the profits that they have already generated and tend to go back to total lose when the market dumped because their price will be dump whenever the price of bitcoin and other major performing coins in the market.
So for sure is a big risk to build confidence around meme coins, for sure their are good for short-term speculation and just as a gamble, anyone who mistakes such performance of meme coins to mean long-term popularity in the market will be the greatest of all time, because of their hypes, meme coins wave is a short team base wave because there is no sustainable ecosystem for meme coins.