- PEPE volume is six times more than SHIB as new traders seek fast meme market gains.
- SHIB adds real use, but its price stays flat, and some holders now feel less excited.
- Whale trades move PEPE fast, while SHIB stays steady with fewer daily price changes.
Pepe (PEPE) is pulling ahead in daily trading activity, recording $1.85 billion in 24-hour volume—nearly six times more than Shiba Inu’s (SHIB) $329 million. Despite SHIB’s larger $8.07 billion market cap, PEPE’s intense turnover reflects shifting meme-coin momentum. According to CoinMarketCap, both coins remain among the most held meme tokens, but their trading patterns show opposite market behaviors.
SHIB trades close to $0.00001369, showing a 2.6% daily gain. Meanwhile, PEPE sits at $0.00001249, gaining only 0.87% also in the 24-hour time frame. However, PEPE’s 35% volume-to-market-cap ratio dwarfs SHIB’s 4%, calling for higher liquidity and speculative interest.
Momentum Moves Toward PEPE and Newer Meme Tokens
Retail enthusiasm has gravitated to PEPE since its explosive entry in April 2023. The frog-themed coin gained over 10,000% within months, drawing traders with its high-risk meme appeal. According to Reuters, PEPE emerged without a roadmap or utility, marketed as “completely useless and for entertainment purposes only.”
CoinMarketCap data confirms PEPE’s trading crowd is more active. Over 35% of its market cap circulates daily, in contrast to SHIB’s low turnover rate. PEPE’s fast-paced action attracts influencers, CEX whales, and speculators flipping large positions. CryptoRank highlighted one whale offloading 438 billion PEPE tokens—worth $3 million—while incurring a $434,000 loss. Another whale sold 150 billion tokens, knocking the price down 9% in a single week.
SHIB Faces Ecosystem Fatigue Despite Real Utility
SHIB once surged as a viral meme coin in 2021, creating massive gains for its initial holders. However, by 2025, the token’s transformation into a utility-driven ecosystem has created mixed reactions. Projects like Shibarium (a Layer-2 blockchain), NFT integration, and an upcoming SHI stablecoin have added legitimacy.
SHIB developers have publicly stated that “SHIB has left its meme coin status far behind” and have declared that the “meme era ends here” in 2025. This came with infrastructure upgrades aimed at long-term sustainability.
However, fresh hurdles occurred as a result of such changes. The meme component of SHIB has lost its meme. There are several experienced loyalists and new traders who feel that SHIB is too corporate. Active development and heavy token burns have had little impact on its price, which has been rather stagnant. The community of SHIB, which used to be fueled with FOMO and memes, is becoming impatient.
SHIB’s holder base remains larger, with over 1 million wallet addresses compared to PEPE’s 463,600. However, trading activity is far less intense. Many SHIB holders now adopt a wait-and-see approach, unlike PEPE’s fast-moving trader crowd.
In addition, the top 10 wallets of SHIB account for about 62% of the supply. Although this implies centralization, it is connected to a large extent to the exchange reserves or burn wallets of the Ethereum founder. PEPE is better decentralized on paper (the top wallets control ~39%), but its market can still be exposed to shocks made by whales.
Related: SHIB Price Set to Soar? Bullish Patterns and Metrics Hint at 1,500%+ Gains
SHIB Technicals Hint at Breakout Potential
Despite the waning meme appeal, SHIB’s current chart structure suggests that bullish pressure may be building. On Binance, SHIB/USDT forms a classic cup pattern, with the neckline at $0.00001421. The price trades at $0.00001378, having climbed 3.61% from the previous session.
Dynamic support is holding well. The base of the rally began at $0.00001004, and Fibonacci retracements appear at 0.5 ($0.00001213) and 1.0 ($0.00001004), indicating a well-structured price move. Volume spikes during rallies show rising buyer interest.
The values of MACD indicate high chances of bullishness. The signal line was crossed over by the MACD line, and the green momentum bars kept going higher. Candlestick patterns are characterized by an apparent uptrend where the highs closed higher after every rally. A technical breakout may occur as the next target may be at the point of $0.00001750 upon SHIB breaching the neckline.
