Elon Musk's influence on the crypto market, particularly with meme coins like PEPE, seems to be fading as observed in recent market events.
A new meme project, Angry Pepe Fork ($APORK), has gained attention for offering high APY for early adopters and implementing utility-based incentives like GambleFi and CommunityFi.
PEPE's price barely moved after Elon Musk posted an image with a Pepe the Frog meme, signaling a departure from the previous trend where his tweets caused significant market movements for meme cryptos.
Market analysts highlight the shift towards valuing actual utility over hype in the crypto market, especially in the meme coin sector, with projects like Angry Pepe Fork ($APORK) gaining traction for their growth-oriented approach and community support.