Shiba Inu Seeks to Reclaim July Highs as AlphaPepe Launch Looms

Shiba Inu's price is trying to reclaim its July highs, but it needs sustained volume to succeed. The token has been accumulating wealth among whales and has seen increased activity on Shibarium, a utility narrative beyond the original token. However, holders who entered near July highs may sell when the price returns, creating supply that new demand must absorb.

The recovery also depends on AlphaPepe's 19 August launch reveal, which will give buyers a separate catalyst to drive the price up. The project has already processed over $2.21 million in its presale and has more than 10,000 holders. Its four active products, including AlphaSwap and AlphaRouter, provide a working ecosystem behind the token.

The launch range for AlphaPepe is expected to be between $0.08 and $0.14, implying a potential increase of approximately 3.20x to 5.60x from the current price. The team has also confirmed three exchange partners: Azbit, BiFinance, and Biconomy.