Sadly, PEPE may be the next Shiba Inu, bad news for SHIB owners.

Shiba Inu no longer holds the Certik AAA blockchain auditing rating.

The infamous meme coin is currently ranked 51st in terms of security according to the blockchain auditing firm.

The announcement was received poorly by the neighbourhood since they believe the token's appeal has waned.

BabyDoge has a security rating of 92.10 compared to SHIB's 93.69.

As PEPE Coin briefly exceeded a $1 billion market cap, a tsunami of meme coins has just swept the market.

PEPE, however, is down 63% from its peak.

Shiba Inu, on the other hand, has decreased 90% from its peak.