2023-05-17 07:45:46

PEPE's bid to displace SHIB and DOGE faces challenges as on-chain data reveals the gap in peak performance. With a $2B trading volume at its peak, PEPE falls short compared to DOGE's $70B and SHIB's $ 40 B. Surpassing them demands increased participation. SHIB and DOGE gained mainstream attention during the bull market, while PEPE remained confined to the crypto realm. Discussions mainly took place on Twitter. Retail investors benefited from PEPE, but its decline led to doubts. Market sentiment shifted away from PEPE, evident in its network growth of 27,000 addresses at its peak, far behind SHIB's 64,500. PEPE's retail landscape has diminished in months, unlike SHIB and DOGE.

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