Shiba Inu (SHIB) and Pepe (PEPE) posted strong gains as renewed buying activity spread across the broader cryptocurrency market, putting meme coins back at the center of market attention.

SHIB, an Ethereum-based meme token created in 2020, drew additional interest after launching on UEX.US, where users can trade the token and access several financial services. PEPE, a younger meme coin introduced in 2023 and inspired by the Pepe the Frog internet character, delivered an even stronger market move, with its price rising more than 20% and trading volume increasing by more than 600%.

The latest data suggests that meme coins are once again attracting significant market attention as broader crypto sentiment turns more positive.

SHIB Goes Live on UEX.US

Shiba Inu is making headlines after UEX.US confirmed that SHIB is now available on its platform, announcing the listing in a post on X: https://x.com/uex_us/status/2089726763538719158?s=20

The listing gives SHIB holders access to more than basic spot trading. According to the exchange's announcement, users can trade SHIB against USDT and other major currencies while also using several payment and financial services. The UEX.US offering includes:

• Trading against USDT and other major currencies
• Purchases through PayPal, wire transfers or cards
• Savings Rewards of up to 4.5% APY
• Borrowing of up to 90% loan-to-value (LTV)

The additional services could give SHIB greater utility for users who want to hold the token while accessing other financial products. They arrive alongside SHIB's existing ecosystem, which includes the ShibaSwap decentralized exchange and the Shibarium layer-2 network.

Shiba Inu Price Today

SHIB is currently trading around $0.0000054905, representing a 9.37% gain over 24 hours, according to CoinMarketCap figures cited in the report.

Its market capitalization has reached approximately $2.89 billion, while 24-hour trading volume has climbed 173.57% to $135 million. The token has roughly 3.07 million holders, with approximately 589.23 trillion SHIB in circulation — a supply shaped in part by large token burns, including Ethereum co-founder Vitalik Buterin's destruction of more than 400 trillion SHIB in 2021.

The combination of stronger price action and rising trading activity suggests that interest in SHIB has increased alongside the broader meme coin rally. SHIB first rose to prominence during the 2021 meme coin wave, at one point ranking among the largest cryptocurrencies by market capitalization.

PEPE Outpaces SHIB in Daily Performance

While the latest SHIB news is centered on its new exchange access, PEPE is leading the two tokens in terms of daily performance.

PEPE is trading near $0.000053127, up 20.65% over the past 24 hours, per CoinMarketCap data referenced in the report. Its market capitalization stands at approximately $1.29 billion.

The biggest change is visible in trading volume. PEPE recorded approximately $552 million in 24-hour volume, representing a 607.48% increase from the previous day. PEPE has approximately 574,660 holders, according to the figures provided.

Such a sharp increase in volume can indicate stronger market participation, although it does not necessarily mean that the rally will continue. Meme coins are particularly sensitive to changes in sentiment, liquidity and speculative demand.

SHIB vs. PEPE: Key Market Data

The comparison shows that PEPE is currently delivering the stronger percentage gain and significantly higher trading-volume growth, while SHIB remains the larger asset by market capitalization and holder count.

Why Are Meme Coins Rising?

The latest meme coin market action appears to be part of a broader risk-on move rather than a rally limited to a single token. When major cryptocurrencies and large altcoins also experience strong gains, speculative assets such as SHIB and PEPE can benefit as traders become more willing to take on additional risk.

For SHIB, the UEX.US listing provides a token-specific catalyst on top of that broader market strength. PEPE's move appears more closely connected to the surge in trading activity and renewed demand across the meme coin sector.

Still, strong short-term performance does not guarantee that the trend will continue. Traders will be watching whether trading volume remains elevated after the initial surge.

What Comes Next for SHIB and PEPE?

For Shiba Inu, attention will now turn to activity on UEX.US and whether the additional trading and financial services translate into sustained user demand. UEX.US has also asked its community which token it should list next. While that could potentially lead to additional announcements, no specific future listing should be considered confirmed until the exchange makes an official statement.

For PEPE, the key question is whether its 20.65% daily gain can be supported by continued trading activity. The 607.48% increase in volume is particularly important because a sharp decline in activity could make the latest price surge difficult to sustain.

Meme Coin Market Outlook

The latest meme coin news highlights two different catalysts operating at the same time. SHIB has received a potential utility boost through its UEX.US launch, while PEPE is benefiting from a powerful increase in market activity. Both developments are taking place against a stronger broader crypto backdrop, creating favorable conditions for speculative assets.

However, meme coins remain highly volatile. Investors should consider market conditions, liquidity and risk before making decisions based on short-term price movements.

Conclusion

Today's meme coin market shows strong momentum, with SHIB rising 9.37% and PEPE climbing 20.65%. Shiba Inu's arrival on UEX.US expands its access to trading, Savings Rewards of up to 4.5% APY, and borrowing of up to 90% LTV. PEPE, meanwhile, has posted a much larger daily gain alongside a 607.48% surge in trading volume.

The next major test will be whether this momentum can continue as the broader cryptocurrency market develops. For now, SHIB's new exchange utility and PEPE's explosive volume are two of the most notable developments in the latest meme coin news.