- Pepe (PEPE) meme coin’s market cap surged 47% to $8 billion, potentially allowing it to flip Shiba Inu (SHIB) as the second-largest meme coin.
- The recent crypto bull run, fueled by Donald Trump’s election victory and his crypto-friendly stance, has benefited meme coins like PEPE and Dogecoin (DOGE).
- While SHIB’s market cap of $15 billion is still higher, PEPE’s growth trajectory suggests it could surpass SHIB in 2025 if the momentum continues.
The cryptocurrency bull run has fueled massive gains for meme coins like Dogecoin and Shiba Inu. Now a new meme coin, Pepe ($PEPE), is surging and aiming to flip Shiba Inu as the second-largest meme coin.
Pepe’s Recent Surge
Pepe, the frog-themed meme coin launched in April 2021, has seen exponential growth amid the crypto bull run and Donald Trump’s re-election. In the past week alone, PEPE has surged over 90%, and its market cap now sits at $8 billion after a 47% single-day gain.
Shiba Inu Stagnation
While Pepe has rapidly gained ground, Shiba Inu has stagnated. SHIB is up just 37% over the past week and its market cap remains unchanged at $15 billion despite the meme coin surge.
Can PEPE Overtake SHIB?
PEPE’s massive gains show no signs of slowing, while SHIB lags behind the market. If current trajectories continue, PEPE could feasibly surpass SHIB’s market cap in 2023 to become the 2nd largest meme coin. However, Shiba Inu still holds the advantage for now.
The Future of Meme Coins
With crypto adoption growing and meme coins gaining legitimacy, both PEPE and SHIB are likely to see continued growth ahead. While a changing of the guard at #2 seems imminent, there is plenty of room for multiple meme coins to flourish in the years to come.
