Pepe coin overtakes Dogecoin in trading volumePepe (PEPE), a meme-inspired cryptocurrency, has surpassed Dogecoin (DOGE) in trading volume.
This marks a milestone for the digital currency, which just yesterday entered the market's top 100 largest cryptocurrencies, with a market cap of $565 million.
According to data from CoinGecko, Pepe's 24-hour trading volume reached $432 million, compared to Dogecoin's $303 million.
Launched earlier this year, Pepe has quickly gained traction among traders, bolstered by its association with the controversial internet meme character Pepe the Frog.
The PEPE token pumped 14% today, 355% over the week and is up 685% in the last month.
Similar to other meme-based cryptocurrencies like Dogecoin and Shiba Inu, Pepe also lacks a distinct purpose and is primarily seen as a vehicle for speculation.
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