The NFT market is feeling dull while the meme coin PEPE is shining brightly! This meme project has surged to a market capitalization of $1.55 billion USD, officially surpassing the total value of top NFT collections. While PEPE continues to break out, classic NFT projects like BAYC and CryptoPunks are experiencing zero interest—user activity has significantly declined on trading platforms. This contrast indicates a clear shift in investor sentiment: from frustration with traditional NFTs to enthusiasm for meme projects full of entertainment. This could be a sign that NFTs are going through a tough phase, while the meme coin market continues to attract capital flows.

PEPE4,66%
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