In what is the continuation of good news for the Ethereum-based meme coin, Pepe has recently passed both Solana (SOL) and Dogecoin (DOGE) in daily volume amid its recent all-time high rally. Indeed, the memecoin offering has officially broken into the top five performers in 24-hour trading volume.
The continued dominance of Pepe had resulted in an all-time high early Tuesday. Specifically, the asset reached a landmark price of $0.00001097. Moreover, the meme coin has increased by more than 15% over the last day, according to CoinMarketCap.
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Pepe Dominates Dialy Volume, Flipping Both SOL & DOGE
Throughout 2024, meme coins will become a massive part of the digital asset market. Although they have always had a place, this year has seen investors increase their exposure to the asset class. This culminated in March, with meme coin mania driving the prices of newcomers like Dogwifhat (WIF) and Book of Meme (BOME).
That development led to the increasing prominence of the Solana network. Many of those newly competitive offerings were based on the blockchain, driving traffic away from Ethereum. However, one of the most popular meme coins of the last year has reasserted itself, and the power of Ethereum with a recent rally.
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Pepe has skyrocketed out of the gate this week, with the asset passing both Solana (SOL) and Dogecoin (DOGE) in daily volume amid its recent all-time high rally. Indeed, both of the assets surpassed are important moments to assert the increasing prominence of the Ethereum-based meme coin.
In Solana, the native token has returned to positive price performance over the last month. Moreover, it represents the ongoing Solana and Ethereum clash for decentralized supremacy. In Pepe, the meme coin has outranked not only Solana’s biggest meme coin offerings but its very own native asset.
Additionally, Dogecoin (DOGE) has come to represent the pinnacle of the meem coin market. The original offering has long been the market leader. That may not have changed with Pepe’s recent ascension, but it does denote a continued shift in the meme coins investors are willing to place confidence in.