Shiba Inu (SHIB)$SHIB
price fell to $0.00002569 on Tuesday, as Bitcoin continues to draw liquidity from the broader crypto market and newly released Pudgy Penguins (PENGU)$PENGU
With the huge interest in its token, SHIB’s value loss has accelerated. The fact that PENGU is backed by a strong NFT brand and the increasing rumors that it could surpass SHIB’s market value have created fear, uncertainty and doubt in the market, while technical data does not paint a positive picture for SHIB. While it seems unlikely that SHIB will test the $0.000025 level, investors are turning to pre-sales to buy Wall Street Pepe tokens at discounted prices during this period.
Despite this, SHIB is still stuck in the uptrend channel. The short-term bullish outlook remains strong if bulls buy at the bottom. According to data from December 15, SHIB whale activity increased by 850%. This raises hopes that new purchases could push SHIB higher again. While SHIB is going through a tough period in the crypto market, two new meme coins are turning all trends upside down and are flooded with investors.
Wall Street Pepe, which attracted great attention with the pre-sale it launched just two weeks ago, received high demand from investors by offering the opportunity to buy tokens at discounted prices before the stock market listing. The funds raised reached $30 million in just 14 days, while investors
took action expecting a similar performance. Thanks to the contribution of early adopters to the project, the capital inflow has increased 64 times and the pre-sale activity is continuing rapidly. Wall Street Pepe is emerging as a strong competitor to the PEPE token.
This intense interest shows the potential to surpass the Wall Street Pepe’s $52 million return on investment from just $27. Investors are racing to buy WEPE coins in the early stages before the token prices skyrocket. This creates a serious FOMO (fear of missing out) effect as tokens run out at each stage, causing prices to rise.
The reason why Wall Street Pepe has attracted so much attention is its mission, which is to protect small investors against the manipulations of crypto whales. The project team aims to provide fairness in the market by making features such as crypto trading tools and technical indicators accessible to small investors. The WEPE army created against whales offers various advantages, staking rewards and premium features to its participants. Currently, WEPE coin is being bought at $ 0.0003648.
The new Solana Layer 2 project, Solaxy token, made a big splash in its first phase of pre-sale and managed to raise $2 million in investment. Solaxy, which offers a solution to the congestion, failed transactions and scalability issues in the Solana ecosystem, is meeting with investors with its staged pre-sale. Solana achieved great success as of 2024, offering a more efficient solution compared to Ethereum with its transaction speed and low costs. However, with the addition of meme coin projects every day, this success creates a serious burden on the network.
Developed with Layer-2 technology, Solaxy not only overcomes these problems but also provides a multi-chain solution that bridges powerful blockchains such as Ethereum and Solana. A first in the Solana ecosystem, the Solaxy token aims to unleash the potential of the network and take the blockchain one step further.
By building a new layer, Solaxy provides speed and low cost advantages, while also providing the opportunity to benefit from the liquidity and security offered by Ethereum’s DeFi (decentralized finance) ecosystem. Aiming to provide an optimal experience by taking Solana’s strengths and providing solutions to problems, Solaxy attracts investors with a pre-sale.
The project’s tokenomics are striking for investors. The total supply of SOLX tokens based on the ERC-20 protocol is 138 billion 46 million. Of this supply, 25 percent is allocated to staking rewards, 30 percent to technical developments, 15 percent to marketing activities, 20 percent to reserves, and 10 percent to exchange listings. While Solaxy’s token price is set at $0.001568 in the current stage of the pre-sale, the price will rise to $0.00169 when the final stage is passed. SOLX tokens, which have gained momentum rapidly since the first moment of the launch, show that early purchases can bring great profits. The project’s annual yield rate (APY) is currently at 1533 percent.