Next Memecoins to Explode, February 22 – Toshi, Brett, Shiba Inu

Highlights:

• The memecoin market is down as panic selling continues after the Bybit hack linked to the Lazarus Group.
• Toshi surged after its Kraken listing, increasing trading volume and attracting more traders to the meme coin.
• BRETT holds key support at $0.047 and may reach $0.06995 if demand rises and resistance breaks.

The overall memecoin market has crashed to the red zone, with data from Coingecko showing that the meme coin market is down by 4.1% to $72 billion. The cryptocurrency market is experiencing significant losses due to ongoing crypto liquidations. The panic selling by investors comes after the Bybit hack, which occurred yesterday and is linked to the North Korean Lazarus Group.

In the past 24 hours, 168,462 traders were liquidated, and the total liquidations came in at $563.69 million. The crypto market cap has decreased by 1.88% to $3.17 trillion in the past 24 hours. In addition, the trading volume has gained 53.63% to $139.96 billion. The fear and greed index has moved to the fear zone. The market downturn offers a chance for investors to buy the dip; hence, these are the next memecoins to explode.

Next Memecoins to Explode

1. Toshi (TOSHI)

Toshi is trading at $0.0006472, representing a 7.49% increase over the last 24 hours. The market cap stands at $264.13 million, and the trading volume has increased by 116.67% to $50.73 million. TOSHI has gained over 499% in the past year.

Toshi surged in trading volume after its listing on Kraken. The listing will increase its visibility and attract more traders. The high trading volume will also drive the price momentum. Kraken offers strong security and a user-friendly interface, and many traders prefer it for buying and selling cryptocurrencies.

🐱 $TOSHI @Toshi_base is now available for trading on Kraken!

✔️ Deposits and withdrawals are enabled
🎉 Trading is now live!

Trade here ⤵️https://t.co/xXdQclc3wP

*Geographic restrictions apply pic.twitter.com/5RKF314w1T

— Kraken Exchange (@krakenfx) February 21, 2025

The memecoin is also listed on other major exchanges, such as Coinex, which supports the TOSHI/USDT pair and provides high liquidity. The meme coin is also listed on KuCoin and XT.

2. Brett (BRETT)

BRETT is trading at $0.04822 with a 0.23% increase in the past 24 hours. Its market cap has increased to $477.93 million. The trading volume has decreased 4.18% in the last 24 hours to $73.57 million.

BRETT is holding $0.047 as a key support level, which is critical for its potential recovery. If BRETT maintains this support, it could climb higher. The first resistance stands at $0.058, and breaking this level may push the price of the memecoin toward $0.06995. This move would represent a 44% gain from support.

The current trend shows signs of strength. Buyers are stepping in near $0.047, and increased demand could fuel a breakout. However, failure to hold support may lead to a decline, and the next lower target would be $0.040. However, strong resistance at $0.06995 could slow further gains.

3. Shiba Inu (SHIB)

SHIB is trading at $0.0001523, reflecting a 1.99% decrease over the past 24 hours. The trading volume of the coin stands at $247.78 million, which is a 50.04% increase over the past 24 hours. However, the market capitalization has decreased to $8.97 billion.

Shiba Inu’s total addresses have reached a new all-time high. This surge has sparked bullish sentiment for the memecoin. The number of addresses now exceeds 4.6 million, according to IntoTheBlock data.

The increase comes from wallets with zero SHIB balances. These wallets could start accumulating, driving demand higher. A rising number of holders often signals potential price growth. However, other metrics show bearish trends. Whale activity has dropped by 79% over the past three months. This decline suggests reduced interest from large investors.

Whale activity on the #ShibaInu $SHIB network has declined by 79% over the past three months. pic.twitter.com/sKPfZEdvgS

— Ali (@ali_charts) February 22, 2025

Despite this, smaller holders continue to grow. If new addresses begin accumulating, SHIB could see a bullish reversal. The general market conditions will determine whether momentum shifts.