Shiba

Dogecoin

Bonk

Shiba Inu

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Solana-based meme coin upstart dogwifhat (WIF) has managed to outperform both Dogecoin (DOGE) and Shiba Inu (SHIB) by daily trading volume, according to data provided by&nbsp;<a href="https://www.coingecko.com/en/categories/meme-token">CoinGecko</a>.&nbsp;
Over the past 24 hours, WIF has recorded nearly $600 million in trading volume.&nbsp;
Pepe (PEPE), another prominent meme coin, is in second place with $518 million worth of trading volume over the same period of time.&nbsp;
For comparison, DOGE, the undisputed meme coin sector leader, is only in third place with $424 million.&nbsp;
Shiba Inu, the second-biggest meme coin with a market cap of $10.2 billion, is only in sixth place with a relatively modest trading volume of $172 million. In fact, it has fallen below Bonk (BONK) and Floki Inu (Floki Inu). The two aforementioned meme coins have recorded $208 million and $191 million worth of trading volume, respectively.&nbsp;
The figures show that traders show more interest in less established meme coins compared to the current market leaders.&nbsp;
<h2 id="the-meme-coin-revival">The meme coin revival</h2>
Overall, the entire meme coin sector is in the green, with some prominent meme coins (such as WIF and Bonk) recording double-digit price gains.
On Sunday, Murad Mahmudov, a well-known financial analyst,&nbsp;<a href="https://x.com/MustStopMurad/status/1807385234062692419">suggested</a> that the meme coin could be in the process of building a massive descending wedge on higher time frames. &nbsp;&nbsp;
In the meantime, PeiPei (PEIPEI) has found itself among the leaders of the meme coin sector with its trading volume approaching the $150 million mark. The relatively obscure altcoin is up as much as much 37% over the past 24 hours, becoming one of the best-performing cryptocurrencies in the top 10.&nbsp;

Dogwifhat (WIF) Overshadows Dogecoin (DOGE) and Shiba Inu (SHIB) in Key Metric

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