Memecoin fever just won’t quit, and analysts argue that Shiba Inu (SHIB) and PEPE may not be done printing eye-popping rallies. With gas fees on Ethereum surging again and Robinhood reporting a 27 % jump in meme-token volumes last month, traders say the stage is set for another melt-up, if risk appetite stays alive.
Shiba Inu: Layer-2 Catalyst and Supply Burn
The live SHIB price is hovering near $0.000012 while daily volume holds around $136 million. Two drivers underpin bullish calls. First, Shibarium’s on-chain stats reveal that the Layer-2 now processes more than 820,000 transactions a day—double April’s pace. Second, the community burn address has retired over 6.4 billion SHIB in the past five weeks, pushing the burn rate back into triple-digit territory. According to DeFi researcher Luc L on X, “Every time Shibarium fees spike, we get an outsized burn event; that reflex loop wasn’t present in 2021.” If Shibarium usage climbs with the broader Ethereum revival, some technicians target the May 2024 high at $0.000017 as the next stop.
PEPE: Whale Stacking and High-Beta Liquidity
PEPE trades at $0.000010 with a massive $605 million in 24-hour turnover. Whale-tracking platform Lookonchain flagged three fresh wallets scooping 9 trillion PEPE (~$90 million) in late June, the largest single-day buy since launch. On top of that, Bybit funding flipped positive for the first time since March, signaling leveraged longs are back. Historical market-cap data shows that when PEPE’s share of total meme-liquidity climbs above 30 %, smaller meme tokens tend to lag, giving PEPE outsized catch-up potential if the cohort rotates upward. Chart analysts eye a move toward the February peak at $0.000014 if Bitcoin and Ethereum keep pushing higher.
Source: Tradingview
Why Both Could Break Records Together
The backdrop is turning risk-on again: traders now put the odds of a September U.S. rate cut above 65 %, and talk of a spot ETH ETF is back on the front burner. Ironically, pricier gas fees make Shibarium look good by comparison, sidestepping the congestion on Ethereum’s main chain. PEPE, meanwhile, thrives on the fresh meme liquidity that usually pours in during ETH rallies. Should Ethereum take another swing at $5,000, both tokens could ride the same reflexive volume burst that powered their big moves in 2023 and early 2024.
A Quiet Payments Play Gaining Traction
Away from meme headlines, Remittix (RTX) is drawing consistent whale attention for solving an everyday pain point: expensive cross-border payments. By routing tokens through multiple chains and settling in local cash within minutes, Remittix cuts traditional wire fees by up to 90 %. Recent test corridors in Lagos and Manila clock average settlement times under five minutes, and on-chain data shows more than 65 % of circulating RTX locked in long-term wallets. With a deflationary burn on every transaction and no reliance on centralized banking partners, analysts say RTX offers a utility-driven hedge alongside high-beta meme exposure.
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