Shiba Meme Presale Raises Over $900k, Despite Stalling Meme Token Market

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At press time, the Shiba Memu (SHMU) presale has been a success, with 30,951,646 tokens sold and a raised total of $902,439.72. This is while popular meme tokens like Pepe have seen their value decrease over the past day, with Dogecoin (DOGE) down 3.6%, Shiba Inu (SHIB) down 3.4%, PEPE down 4.1%, and FLOKI down 4.5%.

The Shiba Memu project is quickly gathering attention and could become a major player among the meme tokens. Pepe, a relatively new meme token, has performed better than Shiba Inu and Dogecoin this year, with its value increasing by more than 300% in the last three months, while Shiba Inu’s value has dropped by more than 25%.

Pepe has become a popular token as investors have looked to newer meme coins over the more established ones. This year, Floki Inu, Dogecoin, and Dogelon Mars have all experienced pressure. On the other hand, the success of Pepe has been attributed to its FOMO-related popularity, and now has a daily trading volume and market capitalization of over $605 million.

However, in the last few weeks, Pepe’s fame has waned and Shiba Memu is in the spotlight. It’s token sale is using an innovative strategy that sees the token’s price increase every few hours, and at press time, one SHMU was priced at 0.013825 USDT. It can be purchased here.

Shiba Memu is a brand new meme token that is self-sufficient in terms of marketing. It is able to develop its own strategies, write its own PR, and advertise itself. The team aims to launch the Shiba Memu token on Ethereum and Binance Smart Chain, provide liquidity for a decentralized exchange, and launch a staking program by the end of the third quarter of 2023. This will be followed by an AI Marketing Dashboard in fourth quarter 2023 before launch in first quarter 2024.

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