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2 Meme Coins That Pumped Over the Week: PEPE and SHIB Lead the Surge

by BSC News

August 14, 2023

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Popular meme coins like PepeCoin (PEPE) and Shiba Inu (SHIB) have enjoyed significant momentum over the week, with both experiencing double-digit gains.

In a week marked by indecision as major cryptocurrencies like Bitcoin and Ethereum continue to linger, popular meme coins like PepeCoin (PEPE) and Shiba Inu (SHIB) have soared, recording impressive double-digits. Known for their meme-inspired origins, these tokens have rallied more than 15% over the past seven days, demonstrating the enduring appeal of meme-driven assets in the digital asset space.

PEPE Leads the Charge with a 22.6% Surge

PepeCoin (PEPE) has continued its strong resurgence, showcasing a remarkable 22.5% increase over the past week, according to data from Coingecko. At the time of writing, PEPE currently sits at $0.00000142, with a market capitalization of $596,852. Notably, the meme coin has risen by 5.2% over the last 24 hours, propelling it to a three-week high on Monday morning.

Source: Coingecko

A significant contributing factor to PEPE's bullish performance was the notable influx of investor interest. Notably, a crypto whale splashed a total of $1.61 million to acquire 1.29 trillion PEPE tokens over the previous week. as a noteworthy player in the meme coin landscape.

SHIB Rides the Bullish Momentum

While Shiba Inu (SHIB) may have experienced more modest day-to-day trading activity, the meme coin surged 16% over the past week. As of the time of writing, SHIB is valued at $0.00001057, per CoinGecko data.

Source: Coingecko

Earlier in the month, SHIB unveiled plans to integrate SSI Self-Sovereign Identity across all Shiba Inu projects as it gradually pivots away from the “meme coin” status to a significant player in the decentralized finance (DeFi) space. 

As of writing, SHIB and PEPE hold the 14th and 71st rankings, contributing to a combined market capitalization of meme coins that amounts to $18,442,385,538. While Bitcoin's value remains relatively stable, there's potential for meme coins like PEPE and SHIB to maintain their impressive rallies.

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