Santiment Reports Show Pepe’s Memecoin Fails to Match Dogecoin ($DOGE) and Shiba Inu ($SHIB) in Frenzy Peaks.
Pepe Coin has failed to generate the same trading frenzy as other memecoins such as Dogecoin and Shiba Inu, according to a report from cryptocurrency analytics firm Santiment. The report found that while Pepe Coin had a daily trading volume of $2bn, it paled in comparison to the $40bn and $70bn peaks for Dogecoin and Shiba Inu, respectively. Santiment also noted that retail investors were not engaging with Pepe Coin to the same extent. However, it found that, like its rivals, Pepe Coin played a prominent role in cryptocurrency discourse during peak trading periods. Pepe Coin’s exposure in mainstream media remained low as the conversation about the coin stayed largely contained to cryptocurrency-focused social media. The coin has been accused of potential insider trading and was launched with the caution that it has no inherent value or utility, but it has still become a top 100 digital asset following multiple centralised exchange listings.