The rise of PEPE is no longer just a product of meme culture. Look at these data points: in terms of community popularity, PEPE is on par with DOGE back in the day, and social interactions have even surpassed SHIB multiple times, with retail investor consensus reaching unprecedented heights. More interestingly, large on-chain whales also recognize this direction; even during market fluctuations, they continue to add to their positions. This strong capital stickiness is enough to demonstrate market confidence.

However, the real difference lies in ecosystem development. DOGE was purely a meme coin back then, famous for its tone but with almost zero monetization capability. PEPE is different; it has already built practical applications such as an AI risk control launchpad and on-chain signal analysis tools. Coupled with mechanisms like deflationary burns and staking dividends, traffic is being converted into real value. This is something traditional meme coins have never done.

In the current bull market context, the mainstream coins are driving the overall market risk appetite higher, and retail investors are naturally shifting towards high-liquidity assets. PEPE fits perfectly into this position. From a market capitalization perspective, it still has huge growth potential compared to DOGE, and with the retail consensus and ecosystem value support, PEPE is very likely to become the new benchmark for meme coins.