PEPE, DOGE and Other Meme Coins Are Anything but a Joke for Web3

Further, every massive gain comes at the expense of most people taking large losses. This is referred to as “bag holding,” where traders miss the optimal window to sell and are left holding a portfolio of devalued or, in most cases, worthless coins. This is where the term “PvP,” or player versus player, within the crypto community comes from.