Shiba Inu Investors Shift Focus to Pepe and Emerging MemeFi Star Cutoshi

As Shiba Inu enters a consolidation phase, its holders are channeling profits into Pepe and the newly emerging Cutoshi, a MemeFi coin positioned for exponential growth.

Shiba Inu Consolidates Below Key Resistance

Shiba Inu (SHIB), the second-largest meme coin by market capitalization, remains a significant player in the meme coin space. However, recent price movements indicate a cooling-off period. Despite reclaiming the $0.000029 resistance level last week, selling pressure at $0.000033 prompted a pullback. Currently trading at $0.000029, Shiba Inu has achieved a notable 22% gain over the past week.

According to analyst The Krypto King, Shiba Inu is in the process of breaking out from a multi-year descending trendline. A successful retest of this level could solidify the bullish thesis, potentially paving the way for an all-time high by early 2025.

Adding to its bullish outlook, Shiba Inu’s burn mechanism recently accelerated, with over 2 billion SHIB tokens removed from circulation within hours. If this trend continues, it could provide the momentum needed for Shiba Inu to achieve a significant breakout.

Pepe Primed for a Breakout

Pepe (PEPE), another meme coin heavyweight, has steadily climbed the crypto rankings. On a monthly timeframe, Pepe is up by over 144%, despite a correction from its all-time high of $0.000024 to its current trading range of $0.000020. In the past 24 hours, Pepe gained 1.2%, maintaining a narrow trading range.

Analyst Chandler Bing highlights that Pepe has broken out of a bullish flag pattern on the 4-hour chart, signaling an imminent upward move. Whale activity also indicates strong interest, with one significant holder recently selling 350 billion PEPE tokens worth $7.3 billion, according to Spotonchain data. While this led to a temporary dip in Pepe’s daily RSI to 58, the indicator remains in a healthy range, suggesting robust buyer demand without entering overbought territory.

Cutoshi: Redefining Meme Coins with Utility

Unlike most meme coins that rely purely on speculation, Cutoshi (CUTO) aims to blend meme culture with decentralized finance (DeFi) utility. Built on a cross-chain protocol, Cutoshi offers real-world use cases that position it for long-term success and strong returns during the next bull run.

Inspired by Japanese Lucky Cats, Cutoshi focuses on bringing prosperity to its community through unique reward mechanisms. Users can participate in the Cutoshi Farming initiative, completing social media tasks to earn “Cuto points” that can be converted into CUTO tokens post-presale. Additionally, holders can stake their CUTO tokens to earn recurring rewards automatically.

Cutoshi’s presale has already raised over $1.27 million, with the fourth stage underway. Currently priced at $0.031, the CUTO token offers an attractive entry point for early investors eager to capitalize on this utility-driven meme coin revolution.

As Shiba Inu consolidates, the spotlight shifts to Pepe and Cutoshi. While Pepe continues its meteoric rise, Cutoshi’s innovative approach to merging meme energy with DeFi utility could establish it as the next breakout star in the meme coin sector. Investors are positioning themselves early, anticipating significant growth in 2025.