Shiba Inu (SHIB) Trading Volume Compared to Pepe (PEPE) Nearly Halved
Pepe (PEPE), a meme-based cryptocurrency linked to the controversial internet character Pepe the Frog, has experienced a surge in trading volume, with its 24-hour trading volume reaching $226 million, nearly doubling that of rival coin Shiba Inu (SHIB). Launched earlier this year, Pepe’s market capitalization has reached over $442 million, making it possible for the meme coin to make it to the top 100. However, like other meme cryptocurrencies, Pepe lacks a distinct purpose and mainly exists as a means of speculation, leading some to question whether the project is actually a scam. Despite this, Pepe’s roadmap focuses on growth, community engagement, and expanding its reach, aiming to dethrone other popular meme-based cryptocurrencies such as Dogecoin by attracting more than 100,000 holders. The top cryptocurrencies by trading volume include Tether (USDT), Bitcoin (BTC), and Ethereum (ETH), with Pepe’s recent surge in trading volume marking it as a significant player in the crypto market.