Shiba Inu Takes Subtle Dig at Rival Pepe Amid Meme Coin Challenge

Shiba Inu (SHIB) Responds to Rival Meme Coin

Shiba Inu (SHIB) recently took a friendly jab at its rival meme coin, Pepe (PEPE), in response to a challenge posed by the cryptocurrency exchange Poloniex.

Poloniex's Challenge

Poloniex asked its followers to choose between SHIB and PEPE as their preferred meme coin investment.

SHIB's Confident Response

Shiba Inu's official Twitter handle acknowledged the competition but expressed unwavering confidence in its top position. The tweet read:

"New challengers emerge, but the #SHIBARMY remains unfazed at the top 1⃣ While the runner-up spot is open (even to amphibians!) the top dog position is ours. #ShibaArmyStrong https://t.co/5OSfYbfz1H pic.twitter.com/mQYVJA95oD"

SHIB's Recent Performance

The jab comes after SHIB enjoyed a brief stint in the top 10 cryptocurrencies by market cap, following a significant rally. However, it has since retreated to the 11th position.

Pepe's Gains

While SHIB received the majority of attention, Pepe also experienced gains during the same period. Its price increased by 2.15%, but has since corrected significantly.

Current Market Positions

Despite their recent rallies, both SHIB and PEPE have faced corrections over the past 24 hours. As of this writing, SHIB is placed 11th, while PEPE holds the 21st spot in terms of market capitalization.