News: Shiba Inu (SHIB) is currently trading at $0.0000059, 85% below its all-time high. A recent burn of 172 million tokens (a 53,000% spike) had a negligible impact on the circulating supply of 585 trillion tokens (reduction of only 0.00003%). The article highlights a growing preference for projects with real utility, exemplified by the Pepeto presale. Pepeto has raised over $8 million and features an exchange with tools like PepetoSwap (zero trading fees), a risk scorer, and a cross-chain bridge (Ethereum, BNB Chain, Solana). The project is led by a cofounder of the original Pepe coin and is targeting a Binance listing, with early holders benefiting from a 191% APY staking option.
AI Analysis: The article suggests a shift in market sentiment away from meme coins reliant on hype and towards projects offering tangible utility. Pepeto's exchange-focused approach and experienced team position it as a potential successor to SHIB, capitalizing on the demand for projects that deliver real-world value.
