$PEPE is not about utility: it's about narrative, attention, and market psychology 🐸🪷🙈
The expectation of utility surrounding Pepe Coin reveals more about market participants' behavior than about the asset itself. PEPE was not created to solve a technological problem, generate cash flow, or sustain a complex ecosystem. It was born as a meme, and its strength lies precisely in that: simplicity, cultural recognition, and the ability to capture attention. Still, when the price rises rapidly, many feel the need to justify the movement with the idea of "future utility," as if every asset necessarily required a classical foundation to legitimize its valuation.
Understanding PEPE as a narrative asset, rather than a utility-driven project, is a matter of correct classification. This does not make it "good" or "bad," but simply defines how it functions. Its price responds to collective psychology, market mood, and the intensity of speculative capital flow. As long as attention remains, the movement persists; when it fades, the promised utility is rarely enough to sustain interest. In memecoins, it's not technology that drives the price — it's the narrative.
#PEPE