August has proven challenging for meme coins, with Shiba Inu (SHIB) and PEPE experiencing significant selling pressure and waning momentum. SHIB is trading around $0.00001251, facing broader market weakness compounded by a dramatic 90.95% decline in token burns, with only 139,099 tokens burned in the past day. Analysts are divided on SHIB's future, with some noting consolidation within a triangular pattern while others watch for potential bullish momentum if weekly support levels hold.
PEPE faces similar struggles, trading around $0.00001037 as whale activity pushed over 400 billion tokens onto the market in a single day. The meme coin shows increasing volatility with analysts pointing to a symmetrical triangle formation that could trigger significant price swings.
Meanwhile, Remittix (RTX) is gaining attention as a utility-driven alternative, having raised over $20.7 million through its presale with 614 million RTX tokens sold at $0.0969 each. The project has secured its first CEX listing on BitMart and will announce another exchange when the presale reaches $22 million. Most significantly, Remittix is preparing to launch its beta wallet on September 15th, 2025, which will enable cross-border crypto-to-fiat payments, real-time FX conversion, and support for over 40 cryptocurrencies and 30 fiat currencies.