Rare Pepe NFTs are gaining significant traction in the digital art world, challenging the dominance of CryptoPunks. With a market cap of $309 million, Rare Pepe is the second most valuable NFT collection, following CryptoPunks at $651 million and ahead of Bored Apes at $277 million. Despite its high value and historical significance, Rare Pepe often remains excluded from top NFT collections. Enthusiasts argue that Rare Pepes and Fake Rares are among the most memetic digitally native art collections, and they continue to trade actively using platforms like Emblem. The market cap for Rare Pepe was recently cited at $285 million during the last sale. A $3.6 million Rare Pepe remains vaulted as the community prepares to showcase MemeFi in 2025.