$DOGE is old, $PEPE takes over! Why are the top Meme coin investors abandoning dogs for frogs?

In 2021, DOGE became popular due to Musk, becoming the King of Memes; in 2024, SHIB clung to second place through ecological expansion; and in 2025, more and more investors are turning to a fiercer new king, PEPE.

This is not hype; this is the direction of capital migration.

We are witnessing a historic moment: main capital is flowing from "old Meme" to "emerging cultural symbols." And PEPE is the representative of this "new Meme era."

1️⃣ PEPE's growth is overwhelming.

In the past 30 days, PEPE has surged over 95%, while DOGE has only risen about 10%, and SHIB has performed weakly. This gap is no longer a matter of volatility but reflects "growth expectations." PEPE is lighter, faster, and more favored by young people, naturally fitting into short video culture and KOL marketing logic.

2️⃣ DOGE and SHIB are showing clear signs of fatigue.

DOGE's growth heavily relies on Musk; although SHIB's ecosystem is complex, the high user participation threshold has lost its Meme essence. But PEPE? It only relies on a frog face to make countless people willingly FOMO into the market.

3️⃣ New capital favors PEPE.

Observing on-chain data, you will find that PEPE's trading volume has often surpassed SHIB and is rapidly approaching DOGE. Especially recently, several wallet addresses with millions of dollars are frequently increasing their positions in PEPE.

4️⃣ Community power is shifting.

Reddit, X platform, TikTok, Telegram... PEPE-related content is spreading like a virus, while the early community activity of DOGE has gradually declined. The new generation of players does not idolize old Memes; instead, they crave their own emotional symbols.

So we must admit: PEPE is not just a Meme coin; it is also a reorganization of cultural symbols, a "replacement of crypto emotions."

This is not replacement; this is passing the baton.

If you are still insisting that "DOGE is the only one," then you might be missing the most critical turning point for the next 10x coin.