Shiba Whale Buying Spur Pepeto Presale Growth Amid Meme Coin Hype

Recent activity in the Shiba Inu (SHIB) ecosystem has intensified, with whale investors purchasing nearly 400 billion tokens within 24 hours, according to IntoTheBlock data. This significant accumulation has coincided with a 1,700% spike in SHIB burn activity over the past week, eliminating over 629 billion tokens from circulation. Such deflationary pressure has reinforced support levels and bolstered trader sentiment, with technical analyst Joe Swanson identifying potential bullish patterns, including a cup-and-handle and a double bottom. He suggested that if SHIB can hold above $0.0000103 and break $0.0000171, it could climb as high as $0.0000239.

The renewed interest in SHIB has also driven attention to Pepeto (PEPETO), a meme coin whose presale has raised over $5.8 million. The token sale employs a tiered pricing model, offering early buyers increasing value while managing supply distribution. Pepeto is emphasizing utility through initiatives like PepetoSwap, a gasless trading platform, and a cross-chain bridge. A live demo of the platform has already been shared with the community, underscoring the project’s transparency and development progress.

Pepeto’s tokenomics are designed to support long-term adoption. Thirty percent of the total supply is allocated to presale participants, and another 30% is reserved for staking rewards. The remaining tokens are distributed among marketing, liquidity, and development, with no transaction tax imposed. This structure aims to encourage community engagement and reduce speculative selling. Analysts suggest that if SHIB experiences a sustained price increase, it could generate a ripple effect in the broader meme coin market, potentially boosting demand for projects like Pepeto.

Despite SHIB’s recent 1.79% decline, bringing its price to around $0.000012, the underlying accumulation by whales and deflationary measures are viewed as positive indicators for future growth. If the trend continues, it could attract more capital into the meme coin space, with Pepeto positioned to benefit from the broader momentum [1].

Source: [1] Shiba Whale Surge Spurs Pepeto Presale Uptick as Meme Coin Hype Returns (https://zycrypto.com/shiba-whale-surge-spurs-pepeto-presale-uptick-as-meme-coin-hype-returns/)