Meme cryptocurrency PEPE has managed to surpass XRP in daily trading volume, according to data provided by CoinGecko.
Key Data
PEPE's trading volume over the past 24 hours reached $1.089 billion, while XRP's volume stood at $782 million.
Comparison with Other Meme Coins
PEPE is far ahead of Dogecoin (DOGE), the leading meme cryptocurrency. DOGE recorded a trading volume of $543 million. For comparison, SHIB Inu (SHIB), the second-largest meme cryptocurrency by market capitalization, logged only a meager $236 million, lagging behind Litecoin (LTC) and Chainlink (LINK). Solana-based meme coin Dogwifhat (WIF) comes in third place by trading volume with an impressive $426 million.
Analyst's Opinion
Former Goldman Sachs analyst Murad Mahmudov noted that strong meme coins on Solana continue to see "steady growth," increasing the probability of "parabolic price moves."
The PEPE cryptocurrency is gaining significant traction, surpassing major coins such as XRP and Dogecoin in trading volumes.
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