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"Meme Coin Meltdown: Shiba Inu, Solana Plummet as Panshibi Rises"

Coin WorldThursday, Feb 6, 2025 2:05 pm ET

1min read

Shiba Inu and Solana Experience Over 20% Decline Since February 1st as a New Meme Coin Could Dominate This Year

The crypto market has been volatile in recent weeks, with leading altcoins like Shiba Inu and Solana experiencing significant losses. However, a new meme coin is gaining traction and could potentially dominate the market in 2025.

Shiba Inu, the popular dog-themed meme coin, has seen its early-year gains vanish, with its price falling by over 20% since February 1st. The coin's price has also hit its lowest point in five months, causing concern among investors. The broader market instability, fueled by trade wars initiated by US President Donald Trump, has led to a crypto sell-off, triggering an anti-risk sentiment where investors are shedding speculative assets like DOGE and SHIB.

Solana, another popular altcoin, has also faced an uncertain future ahead. The network achieved a record milestone of $258 billion in early January, but sentiments shifted dramatically as the coin's price fell sharply last Sunday to $210, marking a nearly 30% drop from its highest rally this year. The ongoing sell-off in the crypto market has pushed Solana deep into negative territory, with the total crypto market capitalization plummeting by 4% to $3.4 trillion.

Analysts suggest that a successful rally in February could propel Solana to surpass a $1 trillion milestone, given that the ecosystem processes $40 billion in volume weekly. However, the coin's price has experienced a 10.17% decline over the past week and a 5.69% drop over the past month.

Despite the current market downturn, early adopters are seizing the first-mover advantage to invest in a new social-FI project with the potential to enhance their crypto portfolios. The new coin, Panshibi, is a meme project that combines social-FI and AI by engaging three vast communities: Asia, meme coin enthusiasts, and panda lovers, to create wealth for its investors.

The panda-themed Panshibi (SHIBI) has developed a tokenomics model that rewards long-term holders generously. Of particular note is its staking system, which offers APYs as high

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