Elon Musk seems to be shifting his focus from DOGE to PEPE tokens, showcasing a new trend in the digital asset market.

This transformation may be backed by market logic: DOGE's current market value has surpassed $34 billion, and its size makes it difficult to generate significant impact through simple promotion; whereas PEPE, with its smaller market value base and strong community recognition, has become a target that is easier to provoke price fluctuations.

As a rising MEME newcomer in the current bull market, PEPE's frog image possesses a unique cultural influence, and its on-chain activity and investment layout have formed a positive feedback loop. Interestingly, Musk has pushed PEPE's price up by 150% in a single day simply by sharing related memes. Analysis suggests that if PEPE can successfully integrate into the narratives of artificial intelligence and decentralized finance, its price increase potential could exceed 300%.

We are witnessing the gradual challenge to DOGE's traditional status as the meme coin king by this green frog emoji coin, reflecting the dynamic changes in cryptocurrency market preferences and investors' enthusiasm for emerging assets.