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Meme cryptocurrency Pepe (PEPE) has managed to top XRP in daily trading volume, according to data provided by CoinGecko.
The two cryptocurrencies are at $1.089 billion and $782 million worth of trading volume over the past 24 hours.
PEPE is, of course, way ahead of Dogecoin (DOGE), the leading cryptocurrency. The latter managed to record $543 million worth of trading volume.
SHIB Inu (SHIB), for comparison, logged only a measly $236 million worth of trading volume despite being the second-largest meme cryptocurrency by market capitalization. In fact, it is now lagging behind Litecoin (LTC) and Chainlink (LINK).
Solana-based meme coin Dogwifhat (WIF) comes in third place by trading volume with a relatively impressive trading volume of $426 million.
As noted by former Goldman Sachs analyst Murad Mahmudov, strong meme coins on Solana continue to see "steady growth" in diamond hands. This increases the probability of "parabolic price moves."