Prominent crypto influencer, Ben Armstrong, also known as Bitboy Crypto, recently took to Twitter to share his thoughts on why many investors missed the boat on Pepe (PEPE), a meme coin that has been gaining traction in the cryptocurrency market.
Here’s the sad truth on why most of you missed $PEPE and continue to miss projects that crush:
You are too slow to pull the trigger. You saw all the same tweets about $PEPE that I did.
— Ben Armstrong (@Bitboy_Crypto) May 1, 2023
In a tweet, Armstrong revealed that the reason why most investors missed out on PEPE and other similar projects is that they are “too slow to pull the trigger.” He pointed out that they saw the same tweets about PEPE as he did but failed to act on them quickly enough.
Armstrong’s comments come at a time when PEPE is rapidly gaining popularity in the crypto community. According to crypto analytics provider Lookonchain, three traders have sold part of their PEPE investment and made more than $1 million in profits in just two weeks.
Since its launch on April 17, PEPE, a token based on the popular Pepe the Frog meme, has gained significant popularity. The token has now entered the top 100 largest cryptocurrencies and is the third largest meme coin, with a market capitalization of $566 million.
Currently, the token is changing hands at $0.00000135 with a 24-hour trading volume of $431,797,612. This represents a 30.17% price increase over the last 24 hours and a 350.17% increase over the past week, according to CoinGecko.
A few hours earlier, Armstrong advised his followers that there is no “next PEPE,” and that investors either hit it or missed it.
In another tweet, Armstrong suggested waiting for a dip in the price of PEPE before investing. “Your best bet at this point is to wait for the PEPE dip,” he said. “I’m going to try to accumulate then. The last 2 days have been nuts but it can’t go up only forever.”