PEPE has not yet launched, and there is only one reason for the weight of the vehicle, which is not the market's lack of interest in the narrative. In terms of IP, narrative, community consensus, and strength of the platform, it is all top-notch. Since people have now lost expectations for PEPE, it is actually a good thing. I only know that in every bull market, it will not disappoint people.
The real meme leader's launch will bring about the rise of altcoins and on-chain trends; no matter how much the fake leader SPX rises, it will not create wealth effects.