Coinspeaker
Pepe Tops as Meme Coin Trading Volumes Surge 3000%, Market Cap Crosses $50B

Memecoins took center stage in the past few days as Bitcoin (BTC) and Ethereum (ETH) took a short breather. Interestingly, the frog-theme meme, Pepe (PEPE), outperformed its legacy peers – Shiba Inu (SHIB) and Dogecoin (DOGE). PEPE was up +70% in the past 24 hours, extending weekly and monthly gains to +400% and +700%, respectively.

The on-chain data intelligence platform, Santiment, noted that the memecoin frenzy saw trading volumes surge to 3000% in the past week. Over the same period, social dominance for SHIB, FLOKI, PEPE, and BONK recorded remarkable upticks.

📈 #Memecoins, particularly those that have been trending over the past week, have skyrocketed in trading volume due to surging prices and increased crowd interest. On average, $SHIB, $PEPE, License.

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