$PEPE surpasses $SHIB in trading volume, signaling a shift on the meme coin scene
Pepecoin recorded a 24-hour trading volume of $93.9 million while Shiba Inu reported a trading volume of $69 million. This coincided with a 67% spike in the price of PEPE.
Pepe, a cryptocurrency featuring the notorious internet meme character Pepe the Frog as its mascot, experienced a massive increase in value within two days of its debut in April. Its market capitalization has now surpassed $234 million.The coin has no specific use and is primarily hype-driven, drawing comparisons to previous meme coins like Dogecoin and Shiba Inu. Many have accused it of being a pump-and-dump scheme.
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