Pepe (PEPE) Surpasses Shiba Inu (SHIB) in Trading Volume

According to recent data from CoinGecko, Pepe (PEPE) has surpassed Shiba Inu (SHIB) in trading volume as of April 30.

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.

The rise of Pepe signals a shift in the crypto community as it takes over the spotlight from the once-popular darling of meme coin aficionados.

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.

Pepe aims to dethrone the popular Inu-based cryptocurrencies and establish itself as the king of meme coins. Launched without any presale or taxes, Pepe features a burned liquidity pool and renounced contract.

Its three-phase road map emphasizes growth, community engagement and expanding its reach. Key milestones include initial listings, community partnerships, merchandise, educational resources, exchange listings and a goal of more than 100,000 holders to achieve a «meme takeover.»

Shiba Inu had previously experienced significant trading volume during its peak popularity in October 2021, when it surpassed $1 billion. The canine-inspired token became the most-traded cryptocurrency on Coinbase, America’s largest exchange.

However, the token’s popularity has taken a big hit since then. SHIB is still 88.05% from reclaiming its record high.

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