Pepe's 24-hour trading volume has now exceeded a whopping $610 million, indicating a strong demand for the cryptocurrency. It has positioned itself as a formidable competitor in the meme coin arena, even rivalling the likes of Shiba Inu (SHIB).
Pepe the Frog is a well-known internet meme character that has been widely used on social media platforms for several years. The meme-inspired cryptocurrency has adopted the same character as its mascot and has gained significant popularity among the crypto community.
The rise of meme coins like Pepe and Shiba Inu is a recent phenomenon in the world of cryptocurrency. These digital currencies are primarily driven by social media hype and have gained a massive following among younger investors.
Despite concerns from some quarters about the sustainability of meme coins, Pepe's surge towards the $1 billion mark in market capitalization and its trading volume indicate that it is here to stay. Its success could pave the way for other meme coins to emerge and gain mainstream acceptance in the world of cryptocurrency
