Pepe (PEPE) is closing in on Shiba Inu (SHIB) in terms of market capitalization, intensifying the competition between the two meme coins. Currently, PEPE is trading at $0.000010 with a market cap of $4.51 billion, while SHIB stands at $0.000012 with a $7.62 billion market cap. To surpass SHIB, PEPE would need a 74% price increase, up from a previous requirement of 69% due to recent market fluctuations. Both PEPE and SHIB have faced challenges in 2025, with SHIB's value dropping 42.7% year-to-date and PEPE declining by 51.2%. Despite these setbacks, PEPE has shown stronger performance over the past year, achieving an 18.13% gain compared to SHIB's 17.67% decrease.