Recently, discussions about PEPE in the community have been very intense, with the slogan "1 cent is not a dream" everywhere. Many people are already planning their blueprint for financial freedom. As an observer who has experienced multiple cycles, I think it’s necessary to analyze this with data. Going from $0.000004 to 1 cent is indeed a 2,500-fold increase, which sounds tempting, but the reality behind it is much more complex.

Let's start with the most straightforward math. Price equals market cap divided by circulating supply — this is the fundamental formula for crypto asset valuation. PEPE’s current circulating supply is about 420 trillion tokens. To reach a price of $0.01, the corresponding market cap would need to be $4.2 trillion. What does this mean? The total market cap of the entire crypto market is around $2.5 trillion, and Bitcoin itself is only about $1.2 trillion. In other words, for PEPE to hit 1 cent, its market cap would need to surpass the entire current crypto market and be 3.5 times Bitcoin’s market cap. From this perspective, it’s almost a pipe dream in the short term.

The digital threshold is one thing, but a more critical issue is the ecological foundation. Currently, PEPE’s movement is mainly driven by community sentiment, lacking real value anchors. Genuine value either comes from projects landing with useful ecological applications, having a clear business model, or accumulating a lasting user base. These are not things that can be achieved overnight.