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#PEPE# Recently, Elon Musk's follow on PEPE coin has clearly risen, and his supportive actions have become increasingly frequent. Meanwhile, the once highly regarded DOGE coin seems to be gradually losing its market appeal.
Large market cap meme coins are facing severe challenges, with a noticeable decline in market activity. Old investors are in a low mood due to being trapped, while new entrants show little interest and instead chase after emerging meme coin projects.
This market shift raises a thought-provoking question: where will these once-glorious high market cap meme coins go in the future? Do they still have a chance to make a comeback, or have they already entered an inevitable downward trend?
In the face of this situation, many investors are reassessing their investment strategies. The rapid shift in the meme coin market also reminds us once again that cryptocurrency investments require vigilance, as market sentiment often changes quickly and is difficult to predict.