PEPE Meme Coin Achieve $41 Billion 30-Day Trading Volume, Exceeding XRP and Shiba Inu

Recent data indicates that the PEPE meme coin has generated more interest in the past few days than larger assets such as XRP and Shiba Inu, particularly in terms of cumulative trading volume over the last 30 days.

PEPE Surpasses XRP, Shiba Inu in 30-Day Volume

PEPE managed to achieve an impressive 30-day trading volume of over $41 billion and 2.86 quadrillion PEPE tokens, surpassing XRP’s volume by $6.8 billion, which was recorded at $34.2 billion during the same period.

Even though XRP saw positive gains while PEPE’s performance was downturned, the meme coin still secured a higher 24-hour trading volume than XRP.

PEPE’s trading volume over the last month has also outperformed that of other major cryptocurrencies, surpassing Dogecoin’s 30-day trading volume by $16 billion, and Shiba Inu’s volume by 50%.

PEPE’s 30-day volume also briefly exceeded that of Solana (SOL) earlier in the day, a milestone highlighted by user KingChad.

PEPE Sets New ATH

PEPE’s popularity surged over the past month due to a significant price rally. It experienced a 51.5% increase from $0.000007629 to $0.00001156 before reaching a new all-time high of $0.00001718 on May 27, coinciding with Bitcoin’s surge to $71,946 on May 21.

PEPE temporarily ranked as the 18th biggest crypto project with a market cap exceeding $7 billion, surpassing Polygon (MATIC). However, at press time, PEPE’s value stood at $0.00001441, and MATIC has reclaimed its position.

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Kayode Oke Michael

Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.

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