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

by BSC News

August 14, 2023


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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