Pepe (PEPE) Surpasses Shiba Inu (SHIB) and Dogecoin (DOGE) in Trading Volume

Despite the current volatility within the crypto space, Pepe (PEPE) has managed to perform significantly, surpassing the trading volume of both Shiba Inu (SHIB) and Dogecoin (DOGE).

Pepe's surge in trading volume indicates a growing interest and increased activity surrounding the token.According to CoinMarketCap data, this notable surge in volume (24h) has pushed the asset to the 15th position in terms of trading volume.

PEPE Defies Expectations with Impressive Trading Volume Amid Market Turbulence

Although Pepe experienced a small decrease of 0.54% in its price, its trading volume reached an impressive $250.3 million in the last 24 hours.

The overall value of Pepe in the market, known as its market capitalization, is currently $623 million.

Interestingly, despite being less well-known compared to meme-inspired cryptocurrencies like Shiba Inu, Pepe surpassed expectations by having a higher trading volume.

As the value of Bitcoin (BTC) and other alternative cryptocurrencies experienced a notable increase, Pepe emerged as the leader within its specific market segment.

The rising popularity of Pepe in its segment signifies its growing reputation and potential for success in comparison to its competitors.

For instance, Shiba Inu's trading volume decreased by over 11% in the last 24 hours, accompanied by a 2.85% drop in market capitalization.

Similarly, DOGE, the first dog-themed cryptocurrency, experienced a decline of more than 14% in its 24-hour trading volume, amounting to $205 million, and a 2.57% decrease in market valuation to $9 billion.

In contrast, PEPE has clearly outperformed SHIB and DOGE regarding trading volume.

PEPE was among the best-performing assets last week, growing more than 70%, and still recorded a milestone of 128,600 PEPE holders. PEPE was released on April 15, 2023, at about $0.000000001 and currently trades at $0.000001575. It is ranked 65th by CoinMarketCap.

Sentiment Highlights PEPE's Remarkable 61% Surge and Whale Interest

On-chain data service, Santiment, drew the attention of its followers to a meme-inspired coin that experienced a remarkable surge of nearly 61% in the past week.

In a tweet on June 22, Santiment mentioned that large investors, known as whales, have shown interest in this cryptocurrency as its value increased.

This happened despite the challenging conditions in the overall crypto market, triggered by Bitcoin (BTC) surpassing the $30,000 price level for the first time since April 2023.

Based on the data available on Etherscan.io, PEPE has a total of 121,461 holders as of June 22, representing a 0.478% increase in 24 hours.

The rally has also resulted in a higher percentage of holders being profitable.According to IntotheBlock data, the number of holders in profit rose by 12.53% that same day.

Currently, 44% of holders are profitable, while 41% are still facing losses. Approximately 15% of holders are in a break-even situation.

The post Pepe (PEPE) Surpasses Shiba Inu (SHIB) and Dogecoin (DOGE) in Trading Volume appeared first on The Tech Report.