The Pepe (PEPE) cryptocurrency, known for its frog theme, has seen a remarkable increase in trading activities, surpassing major cryptocurrencies like XRP and Shiba Inu in terms of trading volume.
Pepe’s Trading Activity Outpaces Shiba Inu And XRP
‘KingChad,’ a crypto enthusiast, has revealed Pepe’s outstanding performance with a 30-day trading volume exceeding $41 billion, outshining the likes of XRP and Shiba Inu.
Pepe’s trading volume has propelled it into the top 10 cryptocurrencies for weekly and monthly trading activities, surpassing other meme coins such as Dogecoin, Dogwifhat, and Floki.
Although Dogecoin had a trading volume of $24.6 billion and Floki with $23.4 billion, newer meme coins like Dogwifhat are still trailing behind Pepe by $15.9 billion in 30-day trading volume.
This surge in trading activities reflects the increasing popularity of the meme coin among investors and its bullish strength in the volatile crypto market.
Despite the significant increase in trading activity, Pepe has experienced price declines recently, along with Shiba Inu, highlighting the growing market volatility.
As of now, Pepe is trading at $0.000014 with a 3.3% decline in the last 24 hours, while Shiba Inu’s price dropped by 1.36% to $0.000025.
Pepe And Shiba Inu See Daily Declines
‘The Data Nerd,’ a crypto analyst, has disclosed substantial transactions made by a Pepe and Shiba Inu whale, withdrawing a significant amount of tokens from Binance.
While the reasons behind these transactions remain undisclosed, market conditions may have influenced the withdrawals as Pepe’s price decreased by 4.3% in the past week.
