- Shiba Inu (SHIB) takes a subtle jab at its rival meme coin Pepe (PEPE) in response to a challenge from crypto exchange Poloniex.
- Shiba Inu’s official X handle emphasized its confidence in maintaining the top dog position.
- The jab comes after SHIB briefly entered the top 10 cryptocurrencies by market cap following a 16.4% rally.
The official Shiba Inu (SHIB) X handle recently took a subtle swipe at its rival meme coin Pepe in response to a challenge posed by leading cryptocurrency exchange Poloniex.
The exchange had asked its users and followers to share their preference between SHIB and PEPE when it comes to buying meme coins.
Shiba Inu’s Confident Response to the Challenge
In reaction to Poloniex’s post, Shiba Inu’s official X handle acknowledged the emergence of a new challenger but expressed unwavering confidence in its position at the top of the meme coin hierarchy.
The handle playfully asserted its ownership of the top dog spot, while humorously implying that other meme coins, including amphibians, could potentially settle for second place. To drive the point home, Shiba Inu attached a GIF depicting a frog shedding tears inside a bowl.
SHIB’s Brief Stint in the Top 10 Cryptocurrencies
SHIB’s subtle dig at Pepe comes on the heels of SHIB’s impressive performance, which saw it briefly capture the attention of investors with a substantial 16.4% rally.
The rally solidified SHIB’s status as one of the top-performing meme coins during that period. However, it’s important to note that other meme-based cryptocurrencies, such as Pepe (PEPE), also experienced gains within the same timeframe. For instance, Pepe’s price increased by 2.15% during the same period.
Despite their recent rallies, both SHIB and PEPE have encountered significant corrections over the past 24 hours. Shiba Inu witnessed a daily loss of 5.49%, while Pepe’s price plummeted by 11.27% within the same timeframe.
As a result of this dip, Shiba Inu has retreated to the 11th position in the global cryptocurrency rankings, while PEPE currently holds the 21st spot in terms of market capitalization.
