The meme market is in turmoil! The crypto market decline had a rippling effect that sent meme giants down in the dumps.
Elon’s beloved Dogecoin is struggling with a “death cross” even after a 32% drop MoM. PEPE meme coin suffers the same fate after witnessing a staggering $6 billion wipeout in barely two months.
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The looming uncertainty had investors rushing to the gravity-defying meme sensation Panshibi in its ongoing presale. The panda-themed meme coin has sent shockwaves through the market, with DOGE and PEPE holders flooding its presale and nearly crashing the platform in a rush for early access. In just weeks, the 60-day presale raised over $1 million and analysts predict a potential 100% gain.
Could Panshibi be the catalyst that reignites the bull run?
Dogecoin price finds itself at a critical crossroads. Despite promising news of a potential ETF approval, the meme coin has been in a freefall, crashing 32% in the past month alone. Technical indicators are also deeply bearish. Dogecoin’s Market Value to Realized Value (MVRV) Ratio has slipped below its 200-day moving average, a historically bearish signal that has previously preceded severe price declines.
However, the recently filed Grayscale Dogecoin ETF offers a glimmer of hope. The SEC already acknowledged the filing and speculation has fueled a bullish outlook. With Elon Musk’s increasing political influence and a shifting regulatory landscape under Trump’s administration, the crypto market is keenly watching how DOGE will navigate this delicate balance between technical adversity and ETF-fueled optimism.
PEPE meme coin has also suffered from the bearish pressure that resulted from the panic sell-off. In fact, Coinmarketcap data shows that the meme token saw over $7 billion wiped off its all-time high market valuation of $11.1 billion and this has left investors questioning whether recovery is on the horizon or if further declines are imminent. Since attaining an ATH of $0.000028 in December, the PEPE meme coin has plunged 65% and has settled around a support at $0.0000095.
The sell-off coincides with a dramatic drop in PEPE Open Interest, which has almost halved from $556 million in January to just $258 million. Despite this, a glimmer of hope remains. Binance’s announcement adding PEPE to its BNSOL Super Stake program has sparked renewed interest. The staking program has bolstered appeal, with experts predicting moderate inflow. Can PEPE soar past its adversities? Investors are already on the edge.
PEPE and DOGE holders are flooding the Panshibi presale, eager to secure a spot in what’s shaping up to be the next 100x meme coin sensation. Unlike the typical meme token, Panshibi (SHIBI) brings real utility. It blends the charm of meme culture with tangible financial incentives, making it much more than just a speculative play.
At the heart of its appeal is a thriving ecosystem powered by AI-driven Social-Fi rewards. Investors can earn by engaging in interactive activities, turning community participation into real profits. Add to that an eye-watering staking APY of up to 1,200% and it’s clear why crypto enthusiasts are piling in.
Currently priced at $0.005 in Stage 4 of its presale, SHIBI’s tokenomics ensure long-term viability. Liquidity is locked for a decade and team tokens are inaccessible for two years. These measures provide much-needed stability in a volatile market.
While PEPE and DOGE remain major players, Panshibi’s unique fusion of meme culture and financial rewards positions it as a game-changer. If the momentum continues, early adopters could see explosive gains once SHIBI hits the open market.
The PEPE meme coin and Dogecoin price drop have dampened sentiment. But Panshibi is restoring the hope for an innovative and more profitable meme culture. It focuses on building an inclusive, innovation-focused community and rewarding users with myriad passive income streams.
The unique approach didn’t go unnoticed! DOGE and PEPE investors are already flocking to its ongoing presale, which raised more than $1M in less than four weeks. The craze is still on! Demand is skyrocketing and experts predict the ongoing stage 4 may sell out faster than expected. Fortunately, the price is still at just $0.005 and there’s still enough room for growth since the meme markets are speculated to grow 500% this year alone.
You can participate in the Panshibi presale here:
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi_
Website: https://panshibi.com
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