SHEPE Token is Up 5,000% and Wall Street Memes Could Be the Next Crypto to Explode – 100x Incoming?
As On-Chain Summer continues to grip DEX markets, Shiba V Pepe token ($SHEPE) has emerged as the weekend's biggest breakout - after skyrocketing +5,000%.
This comes after more than a month of sensational movements on DEX markets, which has seen major narratives such as Telegram trading bots and Twitter X-themed tokens undertake monstrous pumps.
Shiba v Pepe is the latest token to capture the attention of markets; a light-hearted meme coin riding high on the tribalism that grips the Shiba Inu and Pepe Coin communities.
As the SHEPE token market cap surges to $10m, and with double-bottomed consolidation seemingly underway - dig into this SHEPE price analysis and find out more.
As SHEPE price action undertakes localised retracement, Shiba V Pepe is currently trading at a market price of $0.071619 (representing a 24-hour change of +61%).
This comes following the sensational +5,000% pump, driven by an emerging army of more than 3.13k SHEPE bag-holders, which saw price explode from $0.0105 at launch.
An initial rally leg saw price explode for two-days across August 30 and 31, pushing up to post a local high at $0.0713.
A localised retracement move gripped price action across September 1 and 2, as early-backers took profit - price tumbled back down to $0.085.
However, after more than 12 hours of consolidation on September 2, price once again erupted - blasting up to post a new-all time high on September 4.
This leaves price action in the ongoing retracement, which is seemingly catching support above $0.0715.
The sensational double-legged rally, which was fuelled by a whopping $3.54m in volume, has left SHEPE in strong technical positioning.
A bounce from support at $0.0715 from here would see price targeting a return to $0.0725 (a
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