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Could This Early DeFi at $0.035 Outshine Meme Coins as Pepe Plummets 15.8% and Shiba Inu Volume Spikes?
The meme coin craze appears to be waning, with Pepe (PEPE) experiencing a significant 15.8% drop in just one week, now trading at approximately $0.00001052. Conversely, the volume of Shiba Inu (SHIB) has seen an impressive spike. While some may have once banked on these speculative tokens for short-term gains, many traders are now reevaluating their portfolios to focus on real-world use cases and tangible returns.
In this context, it is essential to highlight Mutuum Finance (MUTM), a decentralized lending platform that combines token staking, real APY generation, and non-custodial smart contracts into a dual-reward ecosystem. Unlike meme coins, which thrive solely on speculation, MUTM aims to offer sustainable yields and consistent token growth, even during its presale phase.
Pepe (PEPE) has been trading at ~$0.00001052 with a 24-hour volume of $981.3 million, as per CoinMarketCap. This decline in price, coupled with a sharp drop in trading volume by 37.58%, reflects the shift from hype-driven tokens to utility-driven projects.
Shiba Inu (SHIB), despite experiencing a daily gain of 3.12% at $0.00001407, has witnessed an astonishing 164% spike in volume to $227.7 million. A 2,753% burn rate removal of 600 million tokens further adds fuel to the fire.
In essence, these meme coins face the challenges posed by a cooling meme coin sector, primarily due to their lack of utility and Shiba Inu’s massive 589 trillion token supply, which confines the upside potential.
The DeFi space is now poised for a significant shift as investors seek newer tokens.
Source: timestabloid.com
