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As the meme coin race heats up, all eyes remain on Pepe Coin (PEPE) as it steadily inches closer to Shiba Inu’s (SHIB) market dominance. While PEPE continues to gain traction with strong trading volumes and an expanding holder base, SHIB’s recent dip hints at fading momentum. However, an unexpected contender is emerging from the shadows, Salamanca’s DON token. With high intraday volatility and a sudden surge in trading interest, DON is showing aggressive movement that could shake up the meme coin leaderboard.
Pepe (PEPE) experienced a modest 0.67% decline in the past 24 hours, with its price settling at $0.00001396. The meme coin saw significant volatility, dipping to a daily low near $0.0000128 before partially recovering. Despite the price drop, trading activity remained robust, with a 24-hour volume of $2.01 billion accounting for 34.5% of its market cap. Currently holding a market cap and fully diluted valuation of $5.87 billion, PEPE maintains a circulating supply of 420.68 trillion tokens. The coin, ranked #25 on CoinMarketCap, continues to draw attention with 432,000+ holders, indicating steady community engagement despite recent fluctuations.
Shiba Inu (SHIB) witnessed a 3.81% price drop over the past 24 hours, falling to $0.00001558 as broader market sentiment turned cautious. The token's price declined from an intraday high of $0.00001669, reaching lows below $0.0000150 before a slight recovery. Market capitalization decreased to $9.18 billion, mirroring the fully diluted valuation. Daily trading volume dropped by 21.10% to $573.15 million, representing just 6.32% of the market cap, signaling waning short-term interest. With a robust community of 1.5 million holders and a circulating supply of 589.25 trillion SHIB, the meme token continues to retain its strong user base despite the temporary bearish pressure.
Salamanca (DON) saw a sharp decline of 15.40% over the past 24 hours, with prices falling to $0.002294 at the latest close. The token traded at a choppy price, making a high of $0.002934 and a low of $0.002215.
Even with the sell-off, the asset has seen indications of recovery in the last candles, closing the price at the 17:30 candle at a slightly higher level of $0.002311 with the volume of 3.01 million. MA5 ($0.002291), MA10 ($0.002285), and MA20 ($0.002327) amounts are estimates of short-term pressure, while the token is still down against the 20-period average. With such a large amount of DON traded in 24 hours, more than 229 million DON, the order book indicates strong resistance at the $0.002312 level, where bulls are facing stiff overhead supply as they try to make a reversal.
Salamanca’s DON token suggests a new challenger may be rising faster than either expected. As SHIB suffers from a slowdown of interest and PEPE stagnates with the support of its community, DON’s wild ups and downs and the accumulating volume suggest a shift in impetus that may change the composition of meme coin players. In the present continuous, Salamanca may not simply join the race but overtake them both.
Trade $DON now on Gate.io: https://www.gate.io/zh/trade/DON_USDT
For more information about Salamanca (DON), visit:
Website: https://salamanca.club/
Twitter/X: https://x.com/salamanca_token
Telegram: https://t.me/salamancatoken
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