Trading Volume of Pepe (PEPE) Surpasses Dogecoin (DOGE)
Pepe, a controversial meme-inspired cryptocurrency, has surpassed Dogecoin in trading volume, reaching $434 million in 24-hour trading volume compared to Dogecoin’s $312 million, according to CoinGecko data. Pepe has gained traction among traders due to its association with the internet meme character Pepe the Frog, although the once-neutral character has been co-opted by extremist factions using it in offensive contexts. Like other meme-based cryptocurrencies, Pepe lacks a distinct purpose and is primarily seen as a vehicle for speculation, leading to questions about its legitimacy and accusations of being a scam. Despite these concerns, Pepe has ambitious goals, including reaching over 100,000 holders, and aims to topple other popular meme-based cryptocurrencies such as Dogecoin. With Pepe’s recent accomplishments, including reaching the 91st highest market cap among cryptocurrencies, it seems the project is making strides towards its objectives.