Whales Shift Focus: New Utility Token Outshines PEPE and BRETT Amid Meme Coin Mania

The meme coin mania is only getting started as crypto whales dive deep into Solana's ecosystem to search for the next Dogecoin.

PEPE and BRETT are already dominating the space with market caps above $1 billion.

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PEPE, in particular, has surged over 1,500% in the last year and continues to surge with a notable 84% uptick in 30 days. BRETT has also seen crypto whales boost their value to $0.16, registering an uptick of over 50% in the last month.

However, a new utility token in the DeFi space is tipped to rival the meme coin mania. Introducing Lunex Network’s LNEX token, which is the utility token of the multi-chain DeFi bridge capable of sourcing deep liquidity across more than 50,000 currency pairs.

Lunex Network is currently in its presale, and with LNEX priced at $0.0031, analysts anticipate further upside for LNEX once it launches on major exchanges.

Lunex Network’s presale raises over $2.8 million as momentum builds

Lunex Network is the future of DeFi and Web3. Where most crypto exchanges have advanced enough to offer institutional-grade liquidity, such centralized exchanges lack anonymity. The best alternative for crypto-centric traders is a DEX.

However, your typical DEX comes with several challenges, such as a bulky network with skyrocketing fees every time the network is congested. In a high-frequency crypto trading scenario, getting a speedy DEX can be a game changer. What’s more, most DEXs also feature high slippage that easily eats into a trader’s profit.

Lunex comes with an innovative solution that prioritizes speed and deep liquidity. Each trade is on-chain, and Lunex’s DEX is built on a scalable network capable of finalizing transactions within seconds. When you make a trade through Lunex Network, all you need is your receiving non-custodial wallet address, and you can swap or trade across more than 50,000 currency pairs.

Lunex Network’s aggregator also splits your trade across multiple chains to find the best price for each transaction. As DeFi starts to get popular again, analysts are anticipating a bull run that could see LNEX surge significantly.

PEPE’s price continues to surge as meme coin mania continues

PEPE holders are laughing all the way to the bank as the frog-themed meme coin surged over 80% in the last 30 days. With a market cap of nearly $8 billion, PEPE has now been listed on Coinbase in a move that saw PEPE rally 48% on the announcement. At the moment, PEPE is on track to rival DOGE, but analysts forecast a price correction.

BRETT surges over 50% despite a 15% pullback

BRETT emerged as the first meme coin on Base and has since surged over 700% from its all-time low. BRETT recently registered a 53% uptick, adding to a two-week price increase of 76%. Could BRETT sustain its position among the top 10 meme coins?

Conclusion

As the meme coin mania picks up momentum, analysts anticipate top contenders such as BRETT and PEPE will continue breaching resistance towards higher highs. However, crypto whales are now shifting focus to Lunex Network’s utility token, which has seen investors raise nearly $3 million in its ongoing presale.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.