As On-Chain Summer continues to grip DEX markets, Shiba V Pepe token ($SHEPE) has emerged as the weekend’s biggest breakout – after skyrocketing +5,000%.
This comes after more than a month of sensational movements on DEX markets, which has seen major narratives such as Telegram trading bots and Twitter X-themed tokens undertake monstrous pumps.
Shiba v Pepe is the latest token to capture the attention of markets; a light-hearted meme coin riding high on the tribalism that grips the Shiba Inu and Pepe Coin communities.
As the SHEPE token market cap surges to $10m, and with double-bottomed consolidation seemingly underway – dig into this SHEPE price analysis and find out more.
SHEPE Price Analysis: Can Shiba V Pepe Coin Sustain Moon-Shot Momentum?
As SHEPE price action undertakes localised retracement, Shiba V Pepe is currently trading at a market price of $0.071619 (representing a 24-hour change of +61%).
This comes following the sensational +5,000% pump, driven by an emerging army of more than 3.13k SHEPE bag-holders, which saw price explode from $0.0105 at launch.
An initial rally leg saw price explode for two-days across August 30 and 31, pushing up to post a local high at $0.0713.
A localised retracement move gripped price action across September 1 and 2, as early-backers took profit – price tumbled back down to $0.085.
However, after more than 12 hours of consolidation on September 2, price once again erupted – blasting up to post a new-all time high on September 4.
This leaves price action in the ongoing retracement, which is seemingly catching support above $0.0715.
The sensational double-legged rally, which was fuelled by a whopping $3.54m in volume, has left SHEPE in strong technical positioning.
A bounce from support at $0.0715 from here would see price targeting a return to $0.0725 (a possible +37.8% move on the short-time frame).
While downside risk could see price tumble back down to lower support around $0.0712 (a potential -28.32% tumble from here).
Overall, this leaves SHEPE price action facing a risk: reward ratio of 1.34, an attractive entry with moderate upside potential.
Yet, while SHEPE bag-holders are sat tight, smart money has already began to rotate profits into the Wall Street Memes presale – following a successful $25m presale funding round and ahead of $WSM’s tier-1 launch premier.
Biggest Memecoin CEX Launch of On-Chain Summer? Meet Wall Street Memes
Wall Street Memes emerged as one of the biggest meme coin presales of 2023 over the past few months, with the seed funding rounds amassing more than $25m from early backers.
Bolstered by the support of this over 1m+ strong community, this rockstar project is expected to make substantial gains upon an upcoming CEX launch in just 23 days – lets deep dive why.
Deep-Dive: Why is Wall Street Memes Expected to Explode?
In a testament to the skyrocketing growth, the $WSM token community now stands one million strong, with the presale exceeding all expectations to amass over $25 million in presale funding – now standing as the biggest meme coin presale of 2023.
The humungous feat is almost unprecedented for new meme coin projects that are yet to even hit the DEX markets, and investors are taking notice as the project emerges as a top choice for the biggest coin CEX launch of Q3 2023.
In a meme coin homage to the anti-bank investors that took on Wall Street, $WSM is aiming to transform powerful Wall Street Bets community sentiment into a tangible asset – seeking not only to tokenize the anti-bank movement but also to redefine our perception of digital value.
But what really has investors flocking in, is its democratic price point at just $0.0337, which has allured thousands of early backers given the WSM presale has surged with $25m raised.
Furthermore, there is a clear signal that investors could unlock lucrative gains with $WSM, not least because of the built-in +30% for presale investors in the initial listing.
Whale Wallet Sweeps Wall Street Memes Presale With $840k Purchase
In one instance that stands to show the excitement around this meme coin, a crypto whale invested $1 million in the Wall Street Memes $WSM presale in early August – maybe it was Elon Musk?
The mystery whale address purchased $WSM in five transactions amounting to 460 ETH valued at $840,000 executed over six minutes.
A further 93 ETH were made from the same wallet two weeks earlier. In total, $1 million has been invested in $WSM by the mystery crypto whale.
The crypto whale purchases are a significant vote of confidence in Wall Street Memes and its return on investment potential.
The $WSM crypto whale’s token purchases can be seen on Etherscan.
The same whale address also bought 93 ETH worth of $WSM in a prior transaction.
Wall Street Meme’s Million Strong Community and Moon-Shot Tokenomics
In keeping with the original anti-bank philosophy, $WSM will be allocating 30% of the token supply to community rewards, with an additional 20% going towards liquidity, and 50% up for grabs in the presale – this is a democratic project for the masses.
And this no-team split has fuelled the project’s explosive growth on social media, with the Wall Street Memes community now amassing an impressive +1m followers in the community.
This explosive community growth is likely to incentive significant growth at the upcoming CEX launch in 23 days, which could propel the $WSM token on an incredible moon-shot.
And with long-term holding incentivized by Wall Street Meme’s novel staking mechanism – which boasts an eye-watering 282% APY – this token seems destined to explode.
With a proven track record stemming from the success of the Wall Street Bets NFT collection, this project continues to thrive off the original moment in history when $WSM exploded onto the scene.
Don’t miss your chance to secure a slice of the next skyrocketing meme token – connect with Wall Street Memes on Twitter and Telegram.
Buy $WSM Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.