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On-chain and social data show a significant rise in Pepe’s (<a rel="noopener noreferrer nofollow">PEPE</a>) social dominance, surpassing Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) and Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>).Data by market intelligence platform Santiment shows that whale transactions have constantly risen over the past week.The transfers of at least $100,000 worth of PEPE grew from 42 trades on Aug. 4 to 102 on Aug. 10.<figure class="wp-block-image size-full"><img width="3840" height="1300" src="https://crypto.news/app/uploads/2023/08/Pepe-PEPE-13.46.52-10-Aug-2023.png" alt="PEPE’s social metrics rise while price goes red - 1" class="wp-image-14184516"><figcaption class="wp-element-caption"> PEPE price, social volume and whale activity – Aug. 10 | Source: <a href="https://app.santiment.net/charts/-5VY3jkv__sCl" rel="noopener noreferrer nofollow">Santiment</a></figcaption></figure>Moreover, PEPE investors have been shifting to non-custodial wallets as the asset’s amount of exchange withdrawals has reached 8.85 trillion daily tokens. This suggests a 502% incline from Aug. 4’s 1.47 trillion coins leaving exchanges.You might also like: <a href="https://crypto.news/justin-sun-makes-huge-moves-amid-insolvency-allegations/" rel="noopener noreferrer nofollow"> Justin Sun makes huge moves amid insolvency allegations </a>Quite similarly, Pepe token’s social volume also spiked by around 160% over the past week. Santiment data shows that PEPE’s social importance witnessed a 63.2% decline between July 19 and Aug. 1.Data from ICO Analytics shows that PEPE has become the most discussed cryptocurrency on Twitter in July. Per the tweet, the meme coin has surpassed the two leading crypto assets — BTC and ETH.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet">Top 20 most discussed cryptocurrencies on Twitter in July 2023. In the chart below you can find a share of mentions of each coin among top 150 coins by market cap.<a href="https://twitter.com/search?q=%24pepe&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$pepe</a><a href="https://twitter.com/search?q=%24btc&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$btc</a><a href="https://twitter.com/search?q=%24eth&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$eth</a><a href="https://twitter.com/search?q=%24arb&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$arb</a><a href="https://twitter.com/search?q=%24xrp&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$xrp</a><a href="https://twitter.com/search?q=%24inj&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$inj</a><a href="https://twitter.com/search?q=%24sol&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$sol</a><a href="https://twitter.com/search?q=%24bnb&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$bnb</a><a href="https://twitter.com/search?q=%24link&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$link</a><a href="https://twitter.com/search?q=%24ltc&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ltc</a><a href="https://twitter.com/search?q=%24ape&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ape</a><a href="https://twitter.com/search?q=%24ldo&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ldo</a><a href="https://twitter.com/search?q=%24op&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$op</a><a href="https://twitter.com/search?q=%24doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$doge</a><a href="https://twitter.com/search?q=%24leo&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$leo</a><a href="https://twitter.com/search?q=%24shib&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$shib</a><a href="https://twitter.com/search?q=%24ftm&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ftm</a><a href="https://twitter.com/search?q=%24matic&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$matic</a><a href="https://twitter.com/search?q=%24usdt&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$usdt</a><a href="https://twitter.com/search?q=%24ada&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ada</a><a href="https://t.co/z8ZsVI2Nmv" rel="noopener noreferrer nofollow">pic.twitter.com/z8ZsVI2Nmv</a>— ICO Analytics #StandWithUkraine 🇺🇦 (@ICO_Analytics) <a href="https://twitter.com/ICO_Analytics/status/1688659159657377792?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 7, 2023</a></blockquote></div></figure>Pepe is down by 1.09% in the past 24 hours and trading at $0.00000123 when writing. The asset’s 24-hour trading volume has also declined by 17%, currently at $141 million, with a $482 million market capitalization.According to a report on July 24, meme coins <a href="https://crypto.news/meme-coins-drove-40-of-us-%d1%81rypto-investments-survey-reveals/" rel="noopener noreferrer nofollow">accounted</a> for 40% of crypto investment in the U.S. among investors aged between 18 and 40.&nbsp;Read more: <a href="https://crypto.news/sec-challenges-ripple-with-appeal-over-xrps-status/" rel="noopener noreferrer nofollow"> SEC challenges Ripple with appeal over XRP’s status </a>

PEPE’s social metrics rise while price goes red

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