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Data shows that the PEPE meme coin has attracted more significant interest in the past few days than more prominent assets like XRP and Shiba Inu.
This heightened interest is particularly observable in the cumulative trading volume PEPE garnered in the last 30 days.
PEPE Beats XRP, Shiba Inu in 30-Day Volume
According to CoinMarketCap, PEPE achieved a staggering 30-day trading volume exceeding $41 billion. During this time, market participants traded 2.86 quadrillion PEPE tokens.
However, XRP, the seventh most valuable crypto, recorded a trading volume of $34.2 billion during the same period. This falls short of PEPE’s volume by $6.8 billion.
In the past day, despite XRP registering positive gains while PEPE traded in the red, the meme coin still managed to secure a higher 24-hour trading volume than XRP.
Furthermore, PEPE’s volume over the last month has also outperformed that of other major cryptocurrencies besides XRP. Specifically, it has eclipsed Dogecoin’s 30-day trading volume by $16 billion. Similarly, Shiba Inu posted a 30-day trading volume 50% less than that of PEPE.
Earlier in the day, it was observed that PEPE’s 30-day volume stood at least $400 million greater than that of Solana (SOL), although Solana later surpassed the meme coin. This milestone was highlighted by X pseudonymous X user KingChad.
PEPE Sets New ATH
Significantly, PEPE’s appeal surged over the past month due to its remarkable price rally. Before the Bitcoin-led mini bull run a fortnight ago, PEPE had already experienced substantial growth. It soared by 51.5% from $0.000007629 to $0.00001156, effectively eliminating a zero from its price within a week, before experiencing a brief retracement.
Subsequently, when Bitcoin sparked renewed enthusiasm in the crypto market by reaching 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 knocked out Polygon (MATIC) to rank as the 18th biggest crypto project with a market cap exceeding $7 billion. However, MATIC has reclaimed its position, given PEPE’s value of $0.00001441 at press time.