The cryptocurrency markets give rise to exceptional tokens that attract millions of investors, creating an atmosphere of ‘fear of missing out’ (FOMO). However, just a month later, these tokens often plummet, leading everyone to realize their mistakes and abandon ship. This trend of creating overnight superstar cryptocurrencies has persisted since 2020, following the proliferation of numerous meme currencies over the past three years. Investors are constantly seeking ‘get rich quick’ opportunities, hoping to capitalize on early entry positions and ride the wave to wealth.
Nevertheless, similar to the extreme volatility of cryptocurrency prices, the markets also have the power to eliminate these ‘stars’ within a few months. The unpredictable nature of the markets means that today’s hero could easily become tomorrow’s zero.
Cryptocurrencies that went From Hype to Hibernation
1. PulseChain (PLS)
PulseChain was hyped as the next Hex, with promises of replicating its impressive performance and continuously doubling in price. Launched in May with much fanfare and excitement, the token’s fortunes took a nosedive by August. In a significant turn of events, the SEC charged the founder, Richard Heart, with securities fraud and defrauding investors, leading to the loss of millions of dollars.
Both Hex and PulseChain have been experiencing significant double-digit losses in their charts daily since the start of the month. PulseChain, which had been eagerly anticipated, lost its fame and hype among investors in a remarkably short period of just three months after its highly awaited launch.

2. Pepe Coin (PEPE)
Pepe Coin generated a powerful sense of FOMO among investors who believed that not owning the token would cause them to miss out on significant wealth. The media was flooded with stories of its rapid ascent and how holders had transformed into millionaires, captivating the public’s attention for several weeks. However, by August, the token’s popularity had waned dramatically, and it fell into obscurity with little support or attention. This drastic transformation over just three months illustrates the constantly changing nature of the cryptocurrency markets.
