Many memecoin investors thought the market bottomed out earlier this week but today, that theory was disproved.
Shiba Inu (SHIB) token’s price dropped to a new low for 2025 of $0.00001188 and the worst price it’s had of the last 365 days.
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As the “Trump Tariff War” rages on, with threats of the UK and Canada being hit with massive trade taxes of up to +200%, some cryptocurrency’s favorite memecoin is suffering horrendously.
Shiba Inu (SHIB) hit a high this week of quad-zero 13, which many believed to be signs of a bounce back for the Dogecoin Killer.
That rally was short-lived as today it dropped below what is the Year’s all-time low for SHIB — $0.00001866; where the price currently sits at the time of writing.
With these dumps, some memecoin traders begin to search for token presale investments to avoid the turbulence of the cryptocurrency market. For the second time, there’s a massive group of crypto shrimps from the Shiba Inu holders audience that are moving their money into the presale of new blockchain, Nollars Network.
The initial coin offering for the NOLA token has seen a spike of activity this morning, with two or more small buy transactions per hour.
Over the last week, ICO buy-ins between $25 and $1600 have been seen on the presale wallet log; with several traders appearing to be using a DCA strategy to acquire more tokens of the coming IES blockchain.
If the Shiba Inu cryptocurrency price continues to slump, activity of the presale could increase to new highs with the milestone of 300,000 tokens being passed in the next week.
It’s forecasted that the over 2-million Nollars Network (NOLA) tokens will be presold during its ICO event. Currently at a cost of 50 cents per token, it will be available on various crypto exchanges in the 3rd fiscal quarter of 2025.
The NOLA coin will list on exchanges at a price of $0.83 [cents], which is a ROI of +66% from today’s presale price.
Shiba Inu (SHIB) token’s price will likely bounce back in the future but its dominance on the memecoin market is likely to be challenged by celebrity memecoins like Yeezy coin. The developer team’s changes and instability in recent years have made many “ShibArmy” loyalists move on to other projects in search of better profit yields short term..
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