The PEPE coin, a meme coin, is struggling to gain momentum for a recovery and recently experienced a bearish week, wiping out its previous gains. The lack of interest and lack of a significant bounce back suggest a lack of confidence in the coin. Other meme coins like Dogecoin and Shiba Inu are facing similar struggles. There is excitement and expectations of a bullish relief for the meme coin asset class, but some believe meme coins will continue to decline. Altcoins have underperformed compared to meme coins in the past year, leading to speculation that meme coins are impacting the Federal Reserve's quantitative tightening measures. However, the Fed does not react to meme coins directly but assesses price changes of consumer products for inflation data. The future of meme coins remains uncertain, but bigger meme coins with strong market caps, like PEPE coin, may have a better chance of surviving if demand for meme coins declines.



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