PEPE Leads the Meme-Coin Rotation as Dogecoin Hits a 74-Day Low and Shiba Inu Slides
The meme-coin leaderboard has flipped — and the new leader is not the biggest coin in the sector. Pepe climbed about 14% in seven days to November 2, while Dogecoin fell to $0.076, its lowest price in 74 days, and Shiba Inu kept sliding. Of the three big meme coins, only PEPE trades above its key trend lines. The rotation is real, but it is narrow: it is PEPE outperforming a falling sector, not the sector rising together — and the details underneath explain why.
Start with the prices. Dogecoin traded near $0.076, down about 18% in a month, with its 50-day average near $0.083 and its 200-day line around $0.090; the floor to watch sits near $0.073, with a deeper support at $0.068 flagged in recent whale analysis. Shiba Inu traded near $0.0000047, down about 19% over the past month and 4% in the week alone, below both its 50-day average near $0.0000051 and its 200-day line near $0.0000055. Pepe traded near $0.0000049, above its 50-day average near $0.0000042 and its 200-day line near $0.0000039, with resistance at $0.0000057 — about 16% higher — and an RSI reading of 58, showing buyers in charge without yet reaching overheated territory.
Dogecoin's quiet supply slowdown
Dogecoin has a second, quieter problem: its network is minting blocks more slowly than its one-per-minute target. On-chain data shows the network produced 1,356 blocks in the 24 hours to October 28 against a target of 1,440 — 84 blocks short, a gap of about 5.83% — and it has run behind schedule for about a month, quietly slowing the creation of new DOGE. That is not a price driver by itself, but it sits alongside the whale picture: wallets holding between 10 million and 100 million DOGE shed about 120 million tokens since October 29, while smaller wallets bought the dip — a distribution pattern, not accumulation. Dogecoin slipped 2.0% in two days after Binance reopened its withdrawals, a reminder that post-hack flows are still moving meme-coin money around.
PEPE's volume tells the louder story
PEPE's edge is not just price — it is turnover. PEPE turned over $1.84 billion in 24 hours against a market capitalisation of about $2.09 billion — a daily turnover close to its entire market value — while Shiba Inu turned over $127.3 million on a $2.79 billion market cap, a gap of 14.5 times. PEPE's daily trading equals about 23% of its value against 1.1% for SHIB on one measure, and PEPE recorded its highest weekly trading volume since at least September 20 in the week ending November 1, peaking at $0.00000568 before closing at $0.00000488 as holders sold into the surge. PEPE is up about 13.3% over 30 days and 67.9% over 90 days, yet still 82.8% below its all-time high of $0.000028 from December 9, 2024 — so this is a rotation inside a deep drawdown, not a new bull market. For PEPE to overtake SHIB in market capitalisation it would need a gain of about 33.5% with SHIB unchanged; the gap has already shrunk to about $700 million. One caution from the same week: a wallet associated with the Binance hack sold 7.77 trillion PEPE, valued at around $32 million, on October 30 — even a rising meme coin is not immune to forced selling. Follow meme-coin coverage on the Zimbuck News page and in the Zimbuck Market News group. Join the conversation on Zimbuck to discuss whether PEPE holds $0.0000046 support — or whether DOGE's $0.073 floor decides the whole sector's next move. For related reading, see the Tuesday memecoin flows blog and the memecoin tokenomics guide. See the Zimbuck News page and the Zimbuck Market News group, and join the conversation on Zimbuck.
FAQ
How much did PEPE rise? About 14% in the week to November 2, trading near $0.0000049, above both its 50-day ($0.0000042) and 200-day ($0.0000039) averages, with resistance at $0.0000057.
How low did Dogecoin fall? To $0.076, a 74-day low, down about 18% in a month, with support near $0.073 and deeper support at $0.068.
Where is Shiba Inu? Near $0.0000047, down about 19% in a month and 4% in the week, below both trend lines ($0.0000051 and $0.0000055).
Why does PEPE's volume matter? PEPE turned over $1.84 billion in 24 hours — 14.5 times SHIB's $127.3 million — on a smaller market cap, showing far more active trading interest.
What is Dogecoin's block-production issue? The network produced 1,356 blocks in 24 hours to October 28 vs a 1,440 target — 84 blocks (5.83%) short — running behind schedule for about a month.
This article is market news and general information only, not financial advice. Source: the CryptoDaily report on PEPE's 14% weekly climb.
