2026-01-02 08:25:49

The recent surge of PEPE actually has an overlooked driving force behind it—tax planning at the end of the year in the United States.

Many people think this is just a simple emotional rebound, but the logic is quite clear. In 2025, US stocks are making profits, and the overall crypto market performance is mediocre. A large amount of US-based funds choose to sell their trapped meme coins at the end of the year to realize losses, then use these losses to offset taxes. It sounds a bit complicated, but that's the core idea.

The key turning point is here—after entering the new 2026 tax year, the tax purpose has been achieved. These funds, which were already optimistic about PEPE, begin to gradually replenish their positions, forming this cross-year rally.

On-chain data also verifies this judgment. Over the past few months, US retail investors haven't really abandoned PEPE; instead, they are selling rhythmically and buying in a planned manner. It looks like strategic actions rather than passive dumping.

Another detail worth noting—US stock market has a 30-day wash sale rule, but cryptocurrencies are not yet subject to this rule, giving funds greater operational flexibility. In other words, tax optimization in the crypto market is more flexible.

Therefore, this wave of PEPE's market movement is less of an emotional bull run and more of a natural recovery driven by the return of funds and liquidity at the start of the new tax year. This cross-year trading window actually occurs regularly every year during this period. Other meme coins like DOGE, PNUT, and others are also influenced by similar logic.

PEPE3,52%

DOGE4,08%

PNUT5,66%

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LiquidatedTwice

· 01-05 06:51

Damn, how did I not think of this logic... No wonder PEPE's move is so well-paced.

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StakeOrRegret

· 01-04 17:40

Damn, only after explaining the logic do I understand that this wave of PEPE isn't just emotional hype. Loss offset for tax deduction and then replenishing across the year-end, American players really know how to do the math. No wonder the crypto market can perform such bold moves without wash sale rules or restrictions. The 30-day rule doesn't constrain the crypto world; the level of freedom is truly outrageous.

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ContractTester

· 01-04 11:46

Wow, I really didn't think of this angle from a tax planning perspective. The logic does hold up. Thinking this way, the current wave of DOGE also makes sense, and next year we'll see how strong the rebound is. The lack of wash sale rules in crypto is indeed a big advantage, much more flexible than US stocks. No wonder institutions are flocking here.

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0xDreamChaser

· 01-03 23:44

I believe in this tax arbitrage logic, but it feels too idealized... How many retail investors in reality can coordinate so precisely, haha --- Wait, can on-chain data really show "planned buying"? It still looks messy to me --- The 30-day wash sale rule is indeed an advantage of crypto, but don’t forget IRS is also getting smarter... Eventually, loopholes will be patched --- The logic of replenishing in the new tax year makes sense, but the premise is that these people haven't lost so much that their mentality collapses... The reality is often more brutal --- So basically, institutions are just exploiting retail investors, under the guise of tax optimization... --- What’s the situation with DOGE? Are there any similar data supports?

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BearMarketSurvivor

· 01-02 08:55

Oh wow, I didn't think of this tax planning logic, it really has some substance. Wait, does this mean we will be in trouble after February?

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rekt_but_resilient

· 01-02 08:55

Ha, I didn't think of this tax planning strategy. Americans really know how to do it. It's reasonable—selling at a loss at the end of the year to offset taxes, then buying back in the new year, perfect. But if this logic really holds, then DOGE should also be able to take off. Wait, what about the funds that aren't in the US? Could it be that the whole world is playing by this rhythm? Can on-chain data really reveal such planned buying and selling? It feels too sophisticated. The 30-day wash sale rule indeed gives crypto a loophole. No wonder institutions love playing with meme coins. If this market movement is truly driven by tax funds, there will be cyclical opportunities ahead. It feels like a scam wrapped in financial skin—are retail investors in the US so deeply trapped? Let me check my PEPE cost basis... Oh, I also need to consider tax planning.

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PretendingToReadDocs

· 01-02 08:54

Haha, really. During the US tax season, I am getting more and more insightful about these operations. No wonder PEPE is so systematic; it turns out they are all playing the tax game.

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ReverseTrendSister

· 01-02 08:42

Oh wow, this logic is amazing. I never thought about tax planning from this perspective, impressive. --- Retail investors in the US are actually playing a big game. We're still tangled up in emotional coins. --- Wait, if that's the case, shouldn't DOGE and PNUT also rise? I need to quickly check on-chain data. --- The 30-day wash sale rule loophole is indeed outrageous. Crypto offers more freedom than US stocks. --- My goodness, no wonder the New Year period has been so chaotic. Turns out it's all about funds doing annual accounting. --- By the way, how reliable is your analysis... feels like a post-hoc armchair strategist. --- So next year around this time, will we be doing the same operations again? Then let's wait for the big show at the end of January. --- The key is that domestic retail investors simply can't keep up with this rhythm. Others have already calculated their accounts. --- The statement that tax optimization is more flexible really hits home. Crypto truly is a paradise. --- But speaking of which, if this rally is really due to this, is there still room for growth afterward?

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DeFiDoctor

· 01-02 08:38

The consultation records show that this tax planning logic is actually a classic clinical symptom—the cyclical flow of funds. But I have to be honest, the 30-day wash sale rule loophole being treated as an arbitrage opportunity in crypto is itself a risk warning.

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