The DeFi space is yet to pick up pace as such in the new year, with the constant bearing waves rocking most of the tokens. Especially the top-rated ones like Solana. The latest Solana news is not at all too encouraging either; the SOL price could be in for a few weeks in the spiral.
On the flip side, we have Panshibi here to lift everyone’s spirits. There are very few things like relaxing to a perfect mix of fresh memes and natural scenery after a load of trading through the day.
That’s what Panshibi is about. And we have details so you can understand the project.
Meme Coin Rug Pull About to Sink Solana
The Solana news for the past few days has mostly been about the latest rug pull on the LIBRA project, which was one of Solana’s latest meme coin launches. The token was promoted by loads of crypto influencers, including Argentinian president Javier Milei.
With such a prominent name on the project, traders had high hopes for the launch. However, Milei took down his promotional post on Twitter/X after only four hours of posting it, starting off a selloff trail on Solana.
The rug pull is touted to be the worst in the crypto-verse, as the loss was valued at about $4.5 billion. Major losses hit the top traders on Solana following the event, and the SOL price was the first to feel it.
Solana News: Effects of the LIBRA Rug Pull
Such events as the rug pull are bound to have telling effects on the Solana network, despite its more successful meme coin launches through last year. The first effects have been a steep dip in trading volume–about 60%–in the past week on the blockchain.
And you can expect the crash in Solana’s price that followed. The token is well below its over-$200 value from last month, as Solana is struggling with resistance levels at $180 and $191, trading at $171.15 and 7.6% down in the past week.
From all indications, the ceiling on the SOL price in the short-term is somewhere in the $170 price range. Since Solana has escaped the resistance at $168, the next stop is $180.
Up next, Panshibi (SHIBI), everyone’s favourite.
Panshibi is Perfect for Everyone!
The idea of a meme coin is to have a relaxing spot in the midst of so much toxicity in the crypto-verse. With so much focus on profits elsewhere, meme coins are supposed to bring humour and spread good cheer everywhere they go.
That’s exactly what inspired the Panshibi project. The world on Panshibi is essentially excerpts from Asia’s natural wild green landscape, only this time, they are overlaid with panda avatars and memes.
Already, Panshibi is getting compared to the Bamboo Valley in India, one of the rather more serene spots in the Indian rainforests. The crypto market is a jungle in its own way too, and with all the ‘danger’ traders are exposed to, they do need a platform where all they need is an avatar and all they need to do is explore.
Cash in some SHIBI on the occasional quest, stake some, and pool passive income on the staking yields. And when the post-launch profits roll in, watch your SHIBI stash rise in value.
It’s a lot of relaxation and profit making to be done in Panshibi. You just have to be there.
The Panshibi Presale Updates
Your SHIBI tokens are in stage 4 already, and now’s your chance to get them at the best rates. Each of them goes for $0.005, and you’d never get SHIBI coins cheaper.
Also, presale profits were pegged at 1400% for stage 1 buyers, but you can still earn up to 400% ROI before launch.
Post-launch profits are extensive indeed. Analysts pick SHIBI to do a 140,000% spike in the coming months. Don’t miss it!
You can participate in the Panshibi presale here
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.
