WeWake raises $520K in Stage 7 presale at $0.0190 per token, while Shiba Inu (SHIB) slips 7% this week despite short-term support.
WeWake Finance is making steady progress in its ongoing presale. At the current price of $0.0190 per WAKE token, the project has already raised over $520,000 toward its $560,000 Stage 7 goal. The next stage will increase the token price to $0.0205.
WeWake is a Layer 2 blockchain designed to offer fast crypto transactions without the need for traditional wallets, seed phrases, or gas payments. The platform uses a simple login process, including support for social accounts, to give users access to crypto apps without technical setup.
Simple Access Through Smart Wallets and No Gas Fees
The WeWake network is built on a zk-rollup Layer 2 framework. It uses smart wallets created automatically when users join. These wallets follow the ERC-4337 standard, which removes the need for extensions or manual setup.
Gas fees are paid by the network using a Paymaster system, allowing users to interact with apps without adding funds. This setup supports fast transactions while removing common entry barriers. Developers will also have access to tools for building apps with features like token swaps and NFT minting.
A Testnet launch is expected in early 2026. SDKs are planned to help developers connect their apps more easily. These tools are part of the broader goal to bring more users and developers into Web3 without high technical demands.
SHIB Faces Weekly Drop Despite Holding Support
Shiba Inu (SHIB) is currently trading at $0.000012, up 1% over the past 24 hours. However, the token has dropped by 7% over the past week. Average daily volume is holding near $197 million.
The token recently broke out of a downward channel that started in late 2024. Since the breakout, SHIB has remained in a tight range between $0.000011 and $0.000012. This zone is showing steady trade activity, with buyers continuing to support the price.
Analysts have noted that this range may act as a base for future moves. If price remains above this level, the next areas of interest are $0.000014, $0.000018, $0.000021, and $0.000025. Current data shows traders accumulating at this price range.
Shiba Inu has broken above the descending channel pattern on the daily chart🔍
The price is consolidating near the breakout zone, showing signs of an accumulation phase💁♂️
A sustained bounce could push the price toward targets at $0.00001400, $0.00001750, $0.00002050, and… pic.twitter.com/LVs3SLT2Pu
— Jonathan Carter (@JohncyCrypto) August 5, 2025
WAKE Token Supply and Network Allocation
The total supply of WAKE tokens is 308,726,951. Of this, 32% has been set aside for the presale. Other portions are reserved for staking rewards, ecosystem support, and treasury operations to maintain the network.
The token model is designed to support long-term use. With wallet-free access and gasless transactions, the network aims to reach a wider audience. The structure is intended to lower the entry point for people new to crypto, while still providing the tools needed for experienced users and developers.
The project has also released a detailed whitepaper outlining its network features, future plans, and security framework.
Whitepaper is out 📃
WeWake isn’t built on someone else’s chain – it is the chain.
Zero gas. Smart wallets. Onboarding without wallets or seed phrases.
Because UX can’t be fixed from the surface.👉 https://t.co/orzNP2KTCu pic.twitter.com/bKSQ78Rrtf
— WeWake Finance (@wewake_finance) July 25, 2025
Interest Grows in Early Blockchain Projects
The crypto presale market continues to attract attention in 2025. Projects offering simpler onboarding and clear user access are seeing strong interest. WeWake is one of the platforms gaining traction by offering fast, no-hassle entry into crypto.
While older tokens like SHIB are working through price corrections, newer projects are drawing users with more practical designs. WeWake’s structure, focused on user access and developer tools, is bringing new activity to the presale space.
Conclusion
As the presale moves toward Stage 8, more participants are watching how the platform develops. With wallet-free access and sponsored transactions, WeWake is positioned to continue attracting both retail users and builders looking to simplify the crypto experience.
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Source: https://coindoo.com/wewake-presale-hits-520k-as-shib-drops-7-in-a-week/