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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.