Shiba Inu price shows recovery signals as major investors acquire 400 billion SHIB, leading to increased interest in Pepeto fundraising.
Shiba Inu Market Behavior and Investor Backing
Shiba Inu is currently trading at $0.000012, down 1.79% for the day. Market analyst Joe Swanson has recognized two positive formations, a cup-and-handle and a double bottom, indicating potential recovery. "If SHIB maintains $0.0000103 and surpasses $0.0000171, it could advance toward $0.0000239," Swanson mentioned in his recent analysis.
According to IntoTheBlock, net inflows of investors increased from 26 billion SHIB to 422 billion SHIB within 24 hours, indicating that major holders purchased nearly 400 billion tokens. Meanwhile, the SHIB burn rate rose by 1,700% during the week, eliminating over 629 billion tokens from circulation.
Pepeto Fundraising Builds Strength
Pepeto's fundraising is valued at $0.000000144 and has secured over $5.8 million. Its staged pricing strategy has encouraged early involvement. As each phase advances, participants are joining at increased price points, which builds demand. The project emphasizes utility and advancement, aiming to introduce PepetoSwap, a zero-cost trading platform and a cross-chain bridge.
Could Pepeto Replicate SHIB’s Success?
If Shiba Inu progresses toward $1, fresh meme cryptocurrency demand could increase dramatically. Pepeto, merging meme culture and infrastructure, might attract participant interest during this movement.
While Shiba Inu’s journey to $1 remains uncertain, investor activity and supply burns are generating positive sentiment in the meme cryptocurrency sector.
