Most memecoins have faced headwinds throughout the year, but PEPE has diverged from the broader trend, posting stronger performance than rival tokens including Dogecoin and Shiba Inu.
A 12-month comparison of the top 10 memecoins showed that all experienced declines for most of the year. The only significant rally occurred in January, when PEPE climbed over 20%. The broader category moved together through mid-year until late August, when PEPE began to outpace competitors.
The performance gap widened considerably by November. On November 11th, PEPE was down 6.6% over the period measured, while other major memecoins declined 60%.
Market Cap Divergence
Since early July, PEPE's market cap has risen approximately 92%. By contrast, Shiba Inu's market cap has remained largely unchanged, up just 0.66%, while Dogecoin's has declined about 18%.
PEPE's advance began in late August with a significant jump and continued upward, though it has pulled back from peaks reached earlier in the week when it touched 137% above its July level.
Recent Weekly Performance
The past week proved difficult for the memecoin sector overall, with all tokens in the top 10 declining. PEPE and Official Trump took the largest hits at 12.7% and 12.3% respectively. Dogecoin fell 10.4%, while Floki, Pudgy Penguins, and Bonk each declined between 7% and 9%. MemeCore showed the most resilience, falling just 1.4%.
PEPE and MemeCore both trade near a market cap of approximately $1.86 billion.
