The frog-themed cryptocurrency Pepe (PEPE) has seen a dramatic increase in trading activity, surpassing major cryptocurrencies like XRP, the seventh-largest by market capitalization, and Shiba Inu (SHIB), the second-largest meme coin by market cap.

**Pepe Outperforms Shiba Inu and XRP in Trading Volume**

A crypto enthusiast named 'KingChad' on X (formerly Twitter) highlighted Pepe's impressive performance, noting its 30-day trading volume exceeded $41 billion. This activity surpassed XRP's $34 billion volume by $6.8 billion.

Pepe's trading volume has positioned it among the top 10 cryptocurrencies in weekly and monthly trading activity, outpacing other meme coins like Dogecoin (DOGE), Dogwifhat (WIF), and Floki (FLOKI). Dogecoin recorded a 30-day trading volume of $24.6 billion, while Floki had $23.4 billion. Newer meme coins like Dogwifhat, despite significant gains, still lag behind Pepe.

This surge underscores Pepe's growing popularity and its bullish momentum in the crypto market. Additionally, CoinGecko reported that Pepe saw a 50% increase last month, reaching a market cap of $6.8 billion, temporarily surpassing Polygon (MATIC). Its market cap has since dropped to $5.99 billion, placing it 21st among cryptocurrencies, below Polygon, which is 18th.

**Pepe and Shiba Inu Face Price Declines**

Despite the high trading volume, Pepe's price has declined in recent days. As of now, Pepe is trading at $0.000014, down 3.3% in the last 24 hours, while Shiba Inu has dropped 1.36% to $0.000025.

A crypto analyst known as 'The Data Nerd' reported significant transactions by a whale involving 199 billion Pepe ($2.9 million) and 37 billion Shiba Inu tokens ($964,000) withdrawn from Binance. The reasons behind these large withdrawals remain unclear, but market conditions may have influenced the decisions, with Pepe's price down 4.3% over the past week.