Shiba Inu (SHIB) has amassed significant demand as it surpassed both Dogecoin (DOGE) and Solana (SOL) in weekly trade volume. In the meme coin market, Dogecoin is the market leader, however, Shiba Inu outpaced DOGE in the weekly trading volume last week.
Shiba Inu Weekly Trade Volume Surpasses Dogecoin
With an astonishing $31 billion in trading volume last week, SHIB has overtaken DOGE, which recorded $23 billion in volume, according to Kaiko data. Moreover, Shiba Inu surpassed the weekly trading volume of Solana among other large-cap altcoins. This surge in trade volume reflects the growing interest in meme tokens and their outsized gains in recent weeks.
Source: Kaiko
Furthermore, the entire meme coin market accounted for a whopping $80 billion trading volume. Apart from DOGE and SHIB, the contributors include Pepe Coin (PEPE), Dogwifhat (WIF), and BONK (BONK). Moreover, all these meme coins witnessed a parabolic surge last week, boosting the trade volume as well.
However, since meme
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