Ethereum News Today: A New Meme Coin Aims to Outpace SHIB With Real-World Utility and Speed

Shiba Inu (SHIB) remains a focal point in the meme coin market, with analysts and on-chain data offering conflicting outlooks. Recent on-chain activity suggests a potential shift in dynamics. Over 3 trillion SHIB tokens were withdrawn from major exchanges like Coinbase Prime and Binance, signaling whale accumulation rather than selling. These large withdrawals reduce the circulating supply on exchanges, potentially lowering dumping pressure and setting the stage for a price rebound. Coupled with a 213% increase in the SHIB burn rate—destroying 3.014 million tokens in 24 hours—the token’s supply dynamics are tightening, which could support price appreciation in the long term. Technical analysts have identified a “cup-and-handle” pattern in SHIB’s price chart, suggesting a potential 70% upward move to around $0.000021 in the coming weeks [1].

However, not all signals are positive. Another analysis paints a bearish picture, noting that SHIB has formed a symmetrical triangle pattern on the weekly timeframe and remains below key indicators like the 50-week moving average and the Ichimoku cloud. This bearish formation could pressure the price toward a critical support level at $0.000006900, a drop of over 40% from its current level. The token’s fundamentals have also weakened, with falling open interest, low trading volume, and a negative funding rate indicating weak demand and investor sentiment. Additionally, the ecosystem’s underperformance—such as the stalled Shibarium project and minimal total value locked—raises questions about SHIB’s utility and long-term viability [2].

Layer Brett (LBRETT), a new entrant in the meme coin space, is drawing comparisons to established tokens like SHIB and PEPE. Unlike its predecessors, LBRETT is built on Ethereum’s Layer 2 infrastructure, offering faster transaction speeds and significantly lower fees. The project’s focus on scalability, coupled with a fixed supply of 10 billion tokens, positions it as a more functional and scalable alternative to pure meme coins. Analysts project an 80x return within 12 weeks, driven by its small market cap and the potential for rapid appreciation during the 2025 bull run. Staking rewards are another key draw, with APYs reaching as high as 55,000% in early stages. These incentives, along with a $1 million giveaway, are attracting early adopters and boosting community engagement [5].

LBRETT’s unique value proposition extends beyond staking rewards. It integrates real-world blockchain use cases, including gamified staking and future NFT integrations, distinguishing it from tokens that rely primarily on social media hype. Its Ethereum Layer 2 foundation allows it to process up to 10,000 transactions per second at a cost of just one cent, solving a key pain point for traditional meme coins. This technological edge, combined with its community-first approach and clear roadmap, is positioning LBRETT as a serious contender in the evolving crypto landscape. Unlike SHIB and PEPE, which face limitations due to their size and reliance on social trends, LBRETT’s small market cap and robust infrastructure provide a more scalable and sustainable model [5].

The broader market context adds another layer of complexity to SHIB and PEPE’s outlook. PEPE, for instance, is currently navigating a bearish trend, with key technical indicators like MACD and RSI suggesting downward pressure. Similarly, SHIB is losing momentum, and a breakdown below key support levels could lead to further declines. In contrast, LBRETT’s growth trajectory appears more balanced, blending meme-driven appeal with practical blockchain features. This duality—offering both speculative potential and functional utility—has drawn comparisons to the early days of SHIB and PEPE while presenting a more sustainable model for long-term growth [4].

As the crypto market continues to evolve, the competition between meme coins and utility-driven projects is intensifying. While SHIB and PEPE have laid the groundwork for meme coin culture, projects like LBRETT are redefining the category by integrating real-world blockchain use cases and scalability. The success of these projects will likely depend on their ability to maintain community engagement while delivering on their technological promises. For investors, the key will be discerning between speculative hype and projects with clear, achievable roadmaps and scalable ecosystems [5].

Source:

[1] Shiba Inu Price Prediction: SHIB Price Poised For 70% Surge (https://coinpedia.org/price-analysis/shiba-inu-price-prediction-shib-price-poised-for-70-surge/)

[2] Shiba Inu Price Prediction as a Dangerous Pattern Forms (https://www.banklesstimes.com/articles/2025/08/30/shiba-inu-price-prediction-as-a-dangerous-pattern-forms/)

[3] Experts Take A Look At Shiba Inu, Layer Brett and Pepe ... (https://www.mexc.com/news/experts-take-a-look-at-shiba-inu-layer-brett-and-pepe-coins-potential-to-turn-1000-into-100000-in-2025/78394)

[4] Could Layer Brett Be the Next Coin After SHIB and PEPE ... (https://coincentral.com/best-crypto-to-buy-now-could-layer-brett-be-the-next-coin-after-shib-and-pepe-to-turn-500-into-500k/)

[5] Pepe Coin (PEPE) and Shiba Inu (SHIB) Rival Projected ... (https://crypto-economy.com/pepe-coin-pepe-and-shiba-inu-shib-rival-projected-for-80x-gains-in-the-next-12-weeks/)

[6] This Meme Coin Surpassing Dogecoin and Shiba Inu ... (https://www.mitrade.com/insights/news/live-news/article-3-1081327-20250829)

[7] Thousands Rush Into Layer Brett's 1000% Staking Rewards (https://crypto-economy.com/traders-claim-theyve-found-the-next-shib-thousands-rush-into-layer-bretts-1000-staking-rewards/)

[8] An Ethereum Layer 2 Meme Coin Gaining Attention Among ... (https://www.tribuneindia.com/partner-exclusives/layer-brett-an-ethereum-layer-2-meme-coin-gaining-attention-among-shiba-inu-holders/)