Trading Volume of Pepe (PEPE) Exceeds that of Shiba Inu (SHIB)
Pepe (PEPE), a cryptocurrency featuring Pepe the Frog as its mascot, has overtaken Shiba Inu (SHIB) in daily trading volume on April 30, according to CoinGecko data. Pepe recorded a trading volume of $93.9 million while SHIB reported a trading volume of $69 million. The rise of Pepe, which has no specific use and is hype-driven, signals a shift in the crypto community as it vies for the top spot among meme coins with a market capitalization of over $234 million. Shiba Inu, which had previously experienced significant trading volume during its peak popularity in October 2021, has seen its popularity wane and is still 88.05% from reclaiming its record high. Pepe aims to dethrone Inu-based cryptocurrencies and establish itself as the king of meme coins through a three-phase roadmap emphasizing growth, community engagement, and expanding its reach.