• The Santiment report suggests that Pepecoin (PEPE) could face challenges despite its rise to a $1.5 billion market cap due to the lack of retail traders.
• Dogecoin and Shiba Inu have hit trading volumes of $70 billion and $40 billion respectively at peak, while Pepecoin managed a comparatively lesser $2 billion.
• Despite the differences in trading volume and liquidity, PEPE’s social volume within the crypto media is on par with DOGE and SHIB during their peak periods.

Absence of Retail Investors Could Stand in the Way of Pepecoin’s Rise

A new report by on-chain analytics firm Santiment has stated that pepecoin (PEPE) could face challenges amid a generally bleak trading environment due to the absence of retail investors. While dogecoin (DOGE) and shiba inu (SHIB) have hit trading volumes of $70 billion and $40 billion respectively at peak, pepecoin managed a comparatively lesser $2 billion. This indicates that liquidty and retail participation for PEPE is far lower than what was seen with DOGE and SHIB previously.

Retail Traders Are Absent from Crypto Markets

Santiment noted that retail traders are mostly absent from Pepecoin’s stellar rise to a multi-billion dollar market cap in just a few weeks. The bear market has resulted in “dwindling volumes” for meme coin projects among retail traders – those who exist outside of Crypto Twitter – which may not reflect the popularity or impact of certain tokens in real life situations. This lack of interest has significantly decreased investment from these types of traders into meme coins such as PEPE, SHIB, and DOGE.

Pepecoin Still Has Room For Growth

Despite this, Santiment said that there is still room for growth for pepecoin given its relatively lower trading volume compared to other popular memecoins like dogecoin or shiba inu during their peaks. Furthermore, social media conversations surrounding PEPE remain on par with those experienced by dogecoin or shiba inu during their respective peaks which indicates strong interest amongst crypto enthusiasts despite low involvement from traditional retail investors.

Challenges Ahead For Meme Coins

The report concluded by saying that meme coins such as pepeoin will likely continue to face challenges unless traditional retail investors return to cryptocurrency markets more broadly so they can also participate in meme coin projects such as PEPE more heavily than currently seen. Until then, any sustained rally will be unlikely given the current conditions faced by token projects such as this one..

Conclusion

In conclusion, while there appears to be strong interest amongst crypto enthusiasts towards meme coins like PEPE, traditional retail investors are largely absent from these projects which could significantly hinder any potential rallies without more widespread participation across all cryptocurrency markets first