Ethereum memecoins are capitulating $PEPE $SPX $MOG $JOE are all down significantly more than 50% from ATHs against ETH despite being at or near ATHs against USD But before we get into that, let's first take a look at what happened when memecoins capitulated in 2023 The bottom was in for $PEPE around $300m way back in Oct 2023 Despite that, pepe actually retested the lows in late February 2024 and underperformed ETH significantly during that time in fact, $ETH was up nearly 100% from the original lows at this point while $PEPE hadn't moved... until it did - printing over 1000% gains! Now I could go on and on explaining this, but at this point I'm sure you get my point $PEPE $SPX $MOG $JOE (and probably some others) are nearing their support levels/lows against ETH So if you've been giving up on $ETH memes, I understand where you're coming from, but the way I see it is we have BEEN here once before The next rally will be explosive - just like the last ones The question is, which racehorse are you choosing once the scale starts to tip the other way? I normally never post about my Telegram channel since I feel like it comes off as tacky but... With $ETH nearing ATHs and potential 10x or 100x plays with size waiting for us on-chain, I feel like it makes sense to plug godspeed