PEPE Beats Out Shiba Inu In Major Meme Coin Metric, Is Dogecoin Next?

Over the previous couple of years, numerous meme cash comparable to PEPE and TRUMP have popped up, rising massive sufficient to overhaul many earlier than them. They’ve risen rapidly with meme coin mania to vie for prime positions on this budding sector. Whereas Dogecoin has since maintained its place because the foremost and largest meme coin, Shiba Inu has had a harder time sustaining its maintain on second place. Now, it has fallen behind PEPE in a significant metric.

Shiba Inu Drops Behind PEPE In Social Exercise

Shiba Inu advertising lead LUCIE shared an replace on the social exercise of the highest meme cash, and it revealed a stunning improvement. In accordance with the report, Shiba Inu has fallen fairly behind PEPE on this main metric, one thing that always instantly impacts the efficiency of meme cash as their actions are largely hype-based.

Within the screenshot, it reveals Dogecoin remains to be within the lead by a big margin with 3.6 million interactions throughout 37,800 engaged posts. Then behind Dogecoin is the a lot youthful PEPE meme coi,n coming in sizzling with 1.5 million interactions unfold throughout 22,800 posts.

Shiba Inu is in third place with fewer than 1 million interactions, displaying a large gap between the two. With 791,600 interactions throughout 15,600 posts, it reveals how a lot Shiba Inu has declined in reputation amongst meme coin buyers.

Different notable appearances listed here are from the TRUMP meme coin, coming in at fourth place. PUMP, from the Pump Enjoyable crew, is surprisingly forward of BONK, kicking the latter out of the highest 5 by way of social exercise. Others, comparable to PENGU, FARTCOIN, GOAT, and GIGA, all seem on the record in descending order.

Is There A Flippening Coming?

Whereas the Shiba Inu market cap stays above $7 billion, placing it forward of PEPE’s $4 billion, the latter appears to be outperforming in different areas. In addition to social exercise, PEPE has additionally managed to surpass Shiba Inu by way of buying and selling quantity. Knowledge from the CoinGecko web site shows an over $295 million 24-hour buying and selling quantity for PEPE. In distinction, the Shiba Inu buying and selling quantity got here in at simply over $120 million for a similar time interval.

Nonetheless, one other space the place Shiba Inu has continued to dominate is by way of whole holder depend. The whole SHIB holders, in accordance with Etherscan, have crossed 1.5 million, whereas the entire variety of PEPE holders sits simply above 482,000 on the time of writing.