Forget bored apes! Meme coin $PEPE , featuring the classic frog image, skyrocketed to $6.2 billion, surpassing the combined value of all major NFT projects.
While PEPE is on the rise, the NFT market seems to be in a slump, with top collections like #BAYC and #CryptoPunks struggling and user activity dropping significantly across platforms.
This could signal a low point for NFTs.
