Recently, the performance of this wave of veteran MEME coins has indeed been eye-catching. PEPE has been especially fierce in recent days, with the price surging towards the key support level of around 0.0000072. All eyes in the market are focused here—whether it can hold steady will determine how much future imagination there is.

Interestingly, at the moment of breaking through this key level, the major players in the market have instead started to clash. One side is composed of seasoned bears who have previously profited from shorting, and in the past two hours, they have quietly been building short positions on PEPE, currently holding a short position worth $120,000. This guy has already earned $81 million from precise shorting this year, clearly not here to play around. Besides PEPE, he has also established numerous short positions on several other hot coins.

The other side is a big player in the PEPE bull camp, leveraging 3x margin to hold nearly $14 million worth of PEPE, with an unrealized profit of $2.05 million on paper. Interestingly, this trader’s track record isn’t glamorous—he has only made three trades before, all ending in losses, with a total loss of nearly $490,000. This time, he’s clearly betting everything to turn things around.

Such a showdown between top players usually indicates that market volatility will be much more intense than usual. The trend could change at any moment due to the actions of either side, and ordinary retail investors could easily be caught in the crossfire. The most critical thing now is to watch whether this $0.0000072 level can truly hold. Once broken, it could trigger a chain reaction.