Is Meme Coin Mania Back? Shiba Inu (SHIB) & PEPE Prices Break Out : Here's What's Behind the Pump

Shiba Inu (SHIB) and Pepe (PEPE) tokens are drawing fresh attention after both posted sharp upward movements in price and volume.

Shiba Inu (SHIB) and Pepe (PEPE) tokens are gaining attention again as both saw sharp upward movements in price and volume. In a YouTube video, Zach Humphries, who has over 191,000 subscribers, described the latest surge as the “biggest breakout we have seen in 2025” for Shiba Inu.

Both tokens are approaching key technical levels, with several meme coins across the market showing double-digit weekly gains.

SHIB Price See Major Breakout As Volume Soars 132%

Shiba Inu is priced at $0.00001528 at the time of writing, reflecting a 14% increase in the last 24 hours. Its trading volume has also surged by 132.52%. According to Humphries, this marks the largest breakout for SHIB in 2025. The token has reclaimed the number 14 spot by market capitalization, now at $9 billion.

Zach mentioned that the trading volume on the ShibaSwap DEX increased by 244%, exceeding $10 million. The price later broke out of its long-term downtrend, crossing over both the 50-day and 100-day exponential moving averages. Technical indicators are now showing a potential bullish reversal.

The key resistance levels to watch are at $0.00001661 and $0.00001798. Zach also noted that SHIB achieved this momentum independently, without direct correlation to Ethereum’s price activity. Charts from TradingView confirm that current price levels have not been seen since early March, highlighting the short-term bullish trend.

PEPE Price Pushes Toward Top 30 With Technical Momentum

The price of Pepe has risen by 14.24% and is currently trading at $0.000008994. Its 24-hour trading volume has increased by 36.47%.

Humphries stated that the uptrend has been developing for several weeks, beginning when the token was priced in the $0.0000065 range. PEPE is now approaching a $4 billion market cap and is nearing the top 30 cryptocurrencies by size.

Charts indicate that PEPE price must cross the 100-day EMA at 1094 and the 200-day EMA at 1180 to maintain its upward trajectory. Price levels reached today have not been seen since late February. The potential to retest lower levels remains, but technical momentum has pushed the token into bullish territory.

Meme Coins See Broader Gains With SPX, FARTCOIN Also Up

Humphries observed broader gains across meme-based tokens, attributing the movement to increased market activity. Dogecoin price is up 19% this week, while Bonk and Brett have also posted double-digit gains. SPX, Fartcoin, and others just outside the top 100 have also shown notable performance.

Market mood suggests that we might be at the beginning stages of a larger risk-on attitude. This run-up in prices of meme coins is consistent with the recent rise of Bitcoin to $88,000, rekindling the interest of investors. The sentiment shift has led to Ethereum-based meme coins like SHIB, PEPE, and Brett drawing attention.

Moreover, SHIB and PEPE prices have broken key technical thresholds. Analysts are focused on the 100-day and 200-day moving averages as the next major hurdles. These levels will likely determine if momentum can be sustained.

Humphries concluded his analysis by stating that continued strength above these metrics could signal the start of a broader rally across meme coins. However, he acknowledged that the possibility of short-term corrections remains.