Pepe Coin Rally Takes A Breather — But This Dogecoin Knockoff Is Up 9%

Dogelon Mars ELON/USD has spiked by 9% in the last 24 hours, surpassing other meme coins like Dogecoin DOGE/USD, Shiba Inu SHIB/USD and Pepe Coin PEPE/USD.

What Happened: ELON’s current trading price stands at $0.0000002698.

The social engagement surrounding ELON has increased significantly, according to data from LunarCrush, with social mentions going up by over 8%. 

Additionally, its trading volume has risen by over 70%, reaching $5.6 million in the last 24 hours.

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Why It Matters: While ELON seems to be making gains, PEPE’s rally is showing signs of slowing down. In the last 24 hours, PEPE’s price has fallen by 15%, trading at $0.000001073.

PEPE's current trading volume stands at $263 million, which dropped over 50% from Tuesday, when it soared to a market capitalization of $502 million.

Read More: Bitcoin, Ethereum, Dogecoin Trade Mixed As Investors Weigh Jobs Data: Analyst Sounds Alarm On ETH, Anticipates Drop Below $500-Mark