Absence of Retail Investors Could Stand in the Way of Pepecoin's Rise to Top Meme Coin: Santiment

Retail traders were mostly absent from Pepecoin’s (PEPE) stellar emergence to $1.5 cardinal marketplace headdress successful a fewer weeks, adjacent arsenic the token snagged billions of dollars successful regular volumes and a big of copycats.

This comes from a new report by on-chain analytics steadfast Santiment. Santiment compared the liquidity and trading metrics for pepecoin against shiba inu (SHIB) and dogecoin (DOGE) – tokens themed aft the fashionable Shiba Inu canine breed that was erstwhile worthy a cumulative $160 cardinal astatine peak.

Santiment said that portion dogecoin and shiba inu deed trading volumes of $70 cardinal and $40 cardinal respectively astatine peak, pepecoin managed a comparatively lesser $2 billion.

A large origin here, however, is that pepecoin raked up specified volumes successful the midst of a carnivore marketplace – 1 that’s marred with mostly little liquidity arsenic cardinal marketplace makers scaled backmost crypto trading plans. This opens up the imaginable for aboriginal maturation erstwhile wide marketplace conditions are better.

“Although PEPE's trading measurement is importantly lower, it leaves country for maturation and untapped potential,” Santiment said.

“However, it besides means that the liquidity and retail information successful the marketplace for PEPE is acold little than what DOGE and SHIB experienced successful erstwhile years. In fact, it seems the retail scenery has changed dramatically, with retail information appearing astir nonexistent,” the study added.

Such a script has resulted successful “dwindling volumes” for meme coin projects among retail traders – ones who beryllium extracurricular of Crypto Twitter, which whitethorn not correspond the existent popularity oregon interaction of a token successful the existent world.

"Conversations continue, but it appears that the involvement and concern from retail traders person importantly diminished," Santiment said.

However, contempt the differences successful trading measurement and liquidity, PEPE's societal measurement wrong the crypto media is connected par with DOGE and SHIB during their highest periods, Santiment noted.

Social measurement is simply a measurement of information connected societal media, specified arsenic tweets oregon posts, which whitethorn bespeak the fig of radical actively discussing immoderate definite token.

Pepecoin believers, meanwhile, proceed to clasp a reasonably bullish presumption of however the token whitethorn execute successful the coming years.

“I'm not over-stressed from dips and FUD and hodling beardown due to the fact that I'm beauteous definite pepe volition springiness a combat to SHIB and DOGE and successful a bull marketplace that could wage disconnected large time,” said 1 pepecoin holder @AdamMetaverse successful a nonstop connection to CoinDesk.

@AdamMetaverse cited the popularity of pepecoin among influential Crypto Twitter users, the popularity of Pepe the Frog memes among the wide populace, and accelerated listing of PEPE connected crypto exchanges arsenic immoderate of the reasons down this rationale.

“I'm holding much than $1M successful $PEPE and wide I'm highly bullish,” helium added.