The past few weeks have been tumultuous for the Solana investors, as the Solana news has negatively impacted the SOL price. First, we had a rug pull that shot down the token’s value and integrity, and now, we have bearish indicators pulling the Solana price under.
Meme coins on the Solana ecosystem are losing popularity, according to the latest Solana news. But not Panshibi, it seems. The token’s presale is doing the numbers and even Solana investors are buying into the SHIBI project.
We have more on this new project below.
Solana News: Meme Coin Proliferation Pulling SOL Under?
The meme coins coming to Solana were what revived the token–and much of the crypto market–in 2023. With BONK and Dogwifhat making it to the market, users found worthy meme coins launched in a favorable ecosystem.
Now, those very meme coins seem to be the undoing of Solana. 2024 saw a massive wave of meme coins launch on Solana, and the launches included all sorts of meme tokens, from the noisy ones to the dubious ones.
All that meme coin proliferation will cause a dilution of the blockchain’s quality since most of them offer no tangible utility. But the nail in the Solana coffin was the rug pull on the latest launch, LIBRA.
With so many traders left in losses, Solana has been losing investors and holders alike.
Solana Price Prediction: Bearish Indicators, Bleak Future
LIBRA was particularly influenced by top crypto personalities, especially crypto-friendly Argentinian president Javier Milei. The rug pull saw some $4.5 billion siphoned off from traders, leaving many aggrieved users.
And that event started the Solana fall. Solana is down 45% in the past month, with 21.3% losses in the past week. What’s worse is that the SOL price has visited lows last seen in October 2024, and recovery is a steep mountain right now.
The Solana news predicts that Solana will take a break above the $158 level to make any improvements. And with more viable projects launching by the day, we could be dealing with a declining Solana token for a while.
One of those viable projects is where the Solana investors are going. Panshibi’s profits are as appealing as the platform itself.
Panshibi’s Unique Ecosystem and Staking Protocol
The current state of the crypto market is bearish for many altcoins, top altcoins or not, and many traders are out for alternatives. Panshibi (SHIBI) presents a calming solution and a way to recover back all that loss.
For the calming solution, you’d get that on the Panshibi ecosystem. The platform infuses pandas in a simulated natural Asian habitat, complete with memes scattered all over the platform. Exploring the ecosystem is as fun as it gets, and all at your pace. For extra gains, you have solo quests that you can complete to gain more SHIBI coins.
The Panshibi project also offers a staking protocol to strengthen the network. You invest your SHIBI coins on staking, and Panshibi guarantees you one of the highest staking yield rates in the market. It’s a win-win for everyone involved, so why not?
But the real gains are from the expected traffic from Solana, as SOL holders are beginning to ditch the DeFi coin for this promising meme coin.
Get on the Panshibi Presale Today
There’s no better time to join the growing SHIBI community than now. The coins are worth only $0.005, with 400% gains still up for grabs in the ongoing presale.
After launch, it’s going to be a hailstorm of profits. Analysts tip Panshibi to make a 140,000% spike; even Solana’s recovery won’t be matching that.
It’s Panshibi time!
Join the Panshibi presale today for $0.005 per token;
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi_
Website: https://panshibi.com
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.