Data reveals that the PEPE meme coin has generated more significant interest in recent days compared to well-known assets like XRP and Shiba Inu. This increased interest is particularly evident in the cumulative trading volume that PEPE has amassed over the last 30 days.
PEPE Surpasses XRP and Shiba Inu in 30-Day Volume
According to CoinMarketCap, PEPE has achieved an astonishing 30-day trading volume of over $41 billion. During this period, traders have exchanged a staggering 2.86 quadrillion PEPE tokens.
In contrast, XRP, the seventh most valuable cryptocurrency, recorded a trading volume of $34.2 billion in the same timeframe, falling short of PEPE’s volume by $6.8 billion.
Even though XRP experienced positive gains in the past day while PEPE traded in the red, the meme coin still managed to secure a higher 24-hour trading volume than XRP.
Furthermore, PEPE’s trading volume over the past month has also surpassed that of other major cryptocurrencies, apart from XRP. It has exceeded Dogecoin’s 30-day trading volume by $16 billion and Shiba Inu’s by 50%.
PEPE’s 30-Day Volume Surpasses Solana’s, Sets New ATH
Earlier today, it was observed that PEPE’s 30-day volume was at least $400 million higher than that of Solana (SOL). However, Solana later surpassed the meme coin in trading volume. This milestone was brought to attention by the pseudonymous user KingChad.
PEPE’s Appeal Skyrockets and Sets New ATH
PEPE’s appeal has significantly increased over the past month due to its remarkable price rally. Even before the recent mini bull run led by Bitcoin, PEPE had already experienced substantial growth. It surged by 51.5% from $0.000007629 to $0.00001156, eliminating a zero from its price within a week before experiencing a brief retracement.
Following Bitcoin’s renewed enthusiasm in the crypto market, with a high of $71,946 on May 21, PEPE embarked on another dramatic rise. This momentum propelled PEPE to a new all-time high of $0.00001718 on May 27.
During this time, PEPE even surpassed Polygon (MATIC) to become the 18th largest crypto project, with a market cap exceeding $7 billion. However, MATIC has since reclaimed its position, given PEPE’s current value of $0.00001441.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.