Crypto enthusiast Lark Davis recently highlighted that PEPE has outpaced both Dogecoin (DOGE) and Shiba Inu (SHIB) in daily trading volume. Despite this surge, DOGE’s market cap is nearly five times larger than PEPE’s.
This discrepancy has led to questions regarding PEPE's valuation when compared to its meme coin counterparts. The rapid increase in trading volume suggests a growing interest, but the market cap remains a critical measure of overall market confidence.
Analysts continue to observe these trends to understand potential shifts in the market sentiment toward meme coins, particularly as new entrants like PEPE gain traction.
