Pepe (PEPE) and Pi Coin (Pi Network/PI) are battling it out for the 33rd spot among the top projects by market cap. The frog-themed memecoin is currently the 33rd largest crypto by market cap, with a valuation of $4.92 billion. PI follows closely behind with a market cap of $4.65 billion. PI could overtake the memecoin at any moment.
Both Memecoins Dip Amid Market Volatility
PEPE and Pi Coin have both faced substantial price corrections amid a market-wide volatility period. Both assets have fallen by more than 18% over the previous week. The frog-themed memecoin has gained 1.3% in the last 24 hours. PI, on the other hand, has rallied by just 0.8% in the same time frame.
The cryptocurrency market faced a substantial price rally last month. Bitcoin (BTC) climbed to a new peak of $111,814 on May 22. PEPE and PI briefly followed BTC’s trajectory. The original crypto has since fallen to the $104,000 price level.
The latest market dip came after US-China trade talks were stalled. Many investors anticipate further volatility over the coming days. Memecoins like PEPE may face further volatility due to their speculative nature.
Will Pi Coin Overtake PEPE?
Both assets are separated by a valuation of just around $27 million. Neither assets have a lot of utility. Their value comes from online speculation. PEPE has had incredible success since its launch in April 2023. The project’s success could be due to the popularity of the Pepe the Frog meme.
PI witnessed a rapid surge in price and fame in the early months of 2025. The asset climbed to an all-time high of $2.99 in late February while the larger market was facing a correction.
Also Read: Cryptocurrency: Top 3 Memecoins To Buy Before Bitcoin Hits $115,000
It is difficult to say whether PI will overtake the frog-themed memecoin in the coming weeks. PEPE may generate steam and pull away. PI, on the other hand, may also rally and overtake the green memecoin fairly quickly. Which comes out on top is yet to be seen.