Shiba Memu presale hits $902k as popular meme tokens stalls

• At press time, Shiba Memu had sold 30,951,646 tokens raising $902,439.72.
• The Shiba Memu presale has continued gathering steam as popular meme tokens stall.
• Popular meme tokens including Pepe have seen their value decline in the past 24 hours.

A majority of popular meme tokens on Monday saw significant price declines as the Shiba Memu presale continued to gather steam. Dogecoin (DOGE) has dropped by 3.6%, Shiba Inu (SHIB) by 3.4%, PEPE by 4.1%, and FLOKI by 4.5%.

Going by the hype that the Shiba Memu (SHMU) is receiving, the new Shiba-themed meme token is slowly putting up a spirited fight to become a major meme token player.

Shiba Memu could be the next PEPE

PEPE, a new meme token, has outperformed Shiba Inu and Dogecoin this year although there is a rider as covered in a previous article here. Pepe’s value has increased by more than 300% in the last three months while Shiba Inu’s value has decreased by more than 25%.

Pepe gained support as investors began concentrating on more recent meme coins as more established ones lost favour. In fact, this year has seen pressure on Floki Inu, Dogecoin, and Dogelon Mars. As news of new millionaires spread, Pepe, on the other hand, benefited from the fear of missing out (FOMO).

Overall, Pepe has grown from nothing to one of the largest cryptocurrencies in the world in a matter of months. The token’s daily volume has increased, and its market capitalization has increased to over $605 million. In addition, Pepe is frequently one of the most popular tokens on CoinMarketCap and in social media.

However, the last few weeks have also seen Pepe’s popularity dwindle and a new entrant by the name of Shiba Memu could become the next big thing in cryptocurrency. Shiba Memu is currently conducting a presale of its SHMU token and has raised $902,439 in less than three weeks.

The sudden surge in SHMU’s popularity is partly because of the fact that its price is rising every few hours thanks to its innovative token sale strategy. At the time of writing, one SHMU was going for 0.013825 USDT and was scheduled to appreciate to 0.014050 USDT in the next four hours. Shiba Memu can be purchased here.

It is important to note that investors are flocking to the Shiba Memu project even as one of its main rivals, Shiba Inu, developers work on the layer-2 network called Shibarium to be released in August.

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