You're right in noting that meme coins like $PEPE are facing tough times. Despite Bitcoin's recent rally, which typically brings along the altcoin market, $PEPE seems to be lagging. The recent drop in overall crypto market capitalization, likely triggered by news of Tether facing investigations by U.S. law enforcement, has significantly impacted meme coins, with liquidations hitting them hard.
However, the factors affecting seem to run deeper than just external news. Its struggle to regain previous highs might also reflect shifts in market sentiment. Many investors appear to be diversifying into alternative meme coins, like $POPCAT, perhaps under the impression that $PEPE’s growth potential has been exhausted.
While it’s clear is facing challenges, this might not necessarily mark the end of its story. There could still be potential ahead—depending on shifting market trends and investor sentiment. Looking forward to hearing more of your perspective!
