Shiba Inu (SHIB) continues its bullish streak, outperforming competitors in the meme coin space, with PEPE trailing behind. In a playful yet confident post on SHIB's official handle, the dog-themed meme coin humorously dismissed potential challengers, reaffirming its position at the top of the pack. The post humorously suggested that while the runner-up spot is open, even to amphibians like PEPE, the top dog position belongs to SHIB.

This light-hearted jab at PEPE indicates SHIB's confidence in maintaining its leading position amidst increasing competition. The post was prompted by a query from Poloniex Exchange, asking users to choose between PEPE and SHIB, to which SHIB responded with its trademark confidence.

In terms of market performance, Shiba Inu's recent spike of 12.7% propelled it to dethrone Cardano from the elite top 10 cryptocurrencies. This surge has sparked optimism within the SHIB community, with hopes that Shiba Inu may soon shed one zero from its price. Currently priced at $0.00002708 according to CoinMarketCap data, SHIB has seen a 5.56% increase in the past 24 hours.

The resurgence in SHIB's market performance coincided with the return of Shytoshi Kusama, the enigmatic lead developer of SHIB, to social media after a week of silence. Kusama's cryptic bullish post added to the optimism surrounding SHIB's future trajectory.

Meanwhile, PEPE experienced a significant surge in valuation, setting the stage for a potential sell-off by market whales. Despite a 2.15% increase to $0.00001654 and a remarkable 75% surge in the trailing seven-day period, PEPE fell short of claiming the top spots held by Dogecoin and SHIB. Nevertheless, members of the frog-themed meme coin community remain optimistic about further growth opportunities, determined to capitalize on the bullish market sentiment.