Dogecoin and Shiba Inu Tumble While Wall Street Pepe Surges as the Next Meme Coin Primed for Explosion

Meme coin markets are shifting—fast. While Dogecoin and Shiba Inu face steep declines, an unlikely newcomer is capturing trader attention: Wall Street Pepe.

Why Wall Street Pepe Stands Out

It’s not just another frog-themed token. Wall Street Pepe merges meme culture with a faux-finance aesthetic, tapping into both irony and speculative appetite. No real utility? No surprise—this is crypto, after all.

Market Momentum Builds

Traders are piling in, betting on the next viral breakout. Volume spikes and social chatter suggest this could be more than a flash pump. Remember: in a market driven by narratives, timing is everything.

A Cynical Take on Finance-as-Usual

Because nothing says 'financial revolution' like animal memes in suits outperforming actual innovation. Maybe the real disruption is our collective willingness to pretend it all makes sense.

Dogecoin Pulls Back After Last Week’s ETF Hype

Dogecoin has taken a dip after running hard last week. The OG meme coin is trading around $0.267 today, down about 12% from Saturday’s local high – and it was down as much as 15% yesterday. DOGE’s 4-hour chart shows the coin trying to FORM minor support, but that might also be the beginning of a bear flag pattern.

Open interest in Dogecoin perpetuals is down more than 3% in the past day, which tells us Leveraged traders are backing off. When those aggressive positions fade, the coin’s price could become way more vulnerable to volatility if selling pressure kicks in.

But this trend isn’t totally surprising. Doge has had a solid month, gaining over 16% mainly on excitement around the upcoming Rex-Osprey ETF. That fund is set to go live on Thursday, but traders seem to be bored of all the delays.

Whales have also used the recent rally as an excuse to cash out, triggering over $10 million in long liquidations during the past day. Mix in concerns over the ETF’s 1.5% expense ratio, and it’s no wonder the hype around Dogecoin has cooled.

Shiba Inu Under Pressure as Price Dips 11%

Shiba Inu isn’t performing much better. It’s trading near $0.000013 right now, down 11% since Saturday. As it tends to do, SHIB is mirroring DOGE’s momentum – or lack thereof.

A lot of this bearishness is down to broader market conditions. With the Fed’s rate decision incoming, some traders are opting to ditch risk assets. For example, over $350 million in crypto was liquidated in the past 24 hours, and meme coins like SHIB have been impacted.

Plus, SHIB is also dealing with a recent security scare. Shibarium, its Layer-2 network, got hit with a flash loan exploit over the weekend that drained $2.4 million. That issue has significantly dented confidence in the entire ecosystem.

Now, SHIB is sitting on its 200-day simple moving average (SMA) – a level that could decide where the token’s price heads next. Holding this SMA might prompt a relief bounce, but slipping under it WOULD put the bears firmly in control.

Wall Street Pepe Gains Ground Ahead of Highly Anticipated Solana Migration

DOGE and SHIB might be losing momentum – but Wall Street Pepe isn’t. WEPE originally launched on Ethereum, but is now migrating to solana with an upcoming Token Generation Event (TGE).

The idea is to tap into Solana’s trending meme coin ecosystem while protecting existing holders through a “burn-and-migrate” system. And that mechanism is already having an impact.

Every time someone buys Solana-based WEPE, the equivalent amount of WEPE gets burned on Ethereum. That keeps the token supply locked at 200 billion. So far, over 3.6 billion tokens have been burned, with more than 600 million gone in just the last week.

The community is also leaning into NFTs. Wall Street Pepe’s NFT collection has racked up over $33,000 in secondary sales on OpenSea. Each NFT acts like a membership pass for perks like the project’s Alpha Chat – an exclusive hub for trading ideas and insights.

Between the burns, the NFTs, and the upcoming Solana migration, Wall Street Pepe is building traction even while DOGE and SHIB struggle. If interested, you can buy Solana-based WEPE through the project’s official website for a fixed price of $0.001 per token.