Crypto Analyst Sees PEPE as the Next Big Meme Coin Rally

Crypto analyst Rexha has identified a pattern in the market, drawing parallels between SAFEMOON and active Solana traders chart. The analyst suggests that this similarity may indicate a potential scam similar to SAFEMOON on the BNB Chain.

Rexha points out that investors are often looking for the next big thing, as seen after the Dogecoin and Shiba Inu rallies in 2021. Traders had then moved to 'cheaper' blockchains in a bid to chase new runners, leading to scams such as SAFEMOON on the BNB Chain.

With the trend coming full cycle once again, Rexha believes that traders will move back to the meme coin that started it all, PEPE. The analyst expects PEPE's second run to be similar to Shiba Inu's second run and warns that traders may be lured back in with hopes of another run on other blockchains.