At 3 a.m., staring at the market charts, the surge in PEPE's price really can make people break out in a cold sweat. The voices of "missed out on a billion" are everywhere, and questions like "Where's the next PEPE?" are flying around. This FOMO momentum is comparable to the madness before the 2022 crash.

Having been in the crypto space for eight years, today I won't talk about the虚的 (superficial stuff). Instead, I'll share three hard truths to help you see through this土狗 (shitcoin) feast: should you go all-in, or just watch the show honestly?

First, let's observe a phenomenon: every time there's a土狗狂欢 (shitcoin frenzy), some people mistake luck for skill. PEPE's recent surge was indeed fierce, but drooling over the leader coin isn't very meaningful. Where are the real opportunities? The rebound caused by capital spillover—this is where retail investors can lightly position themselves to grab some gains—provided they don't end up stuck on the sidelines.

**How to Play the Rebound Without Getting Crushed**

After the leader coin makes a move, a rebound usually follows—that's a common pattern in the crypto world. But this rebound window is very narrow this time, with extremely low tolerance for mistakes. Tokens like Pengu, which can't move up and fall quickly, seem to have room for a rebound at current prices, but don't be fooled by some "target prices." I've seen too many retail investors confuse "possibly reaching XX" with "certainly reaching XX," only to get cut in half before hitting their target.

Practical advice is straightforward: only use up to 10% of your idle funds to play the rebound. Set a stop-loss, and when it gains 5 to 8 points, take profits decisively. The logic behind shitcoin surges is emotional contagion—there's no real value support. It's like a popular check-in spot; it gets lively for a while and then cools off. Don't think about holding long-term as a shareholder—that's self-deception.

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