Most PEPE whales benefitted from its early success, which means they bought at a massively underpriced value and made huge profits on the rally to billions. However, the PEPE memecoin has seen growing bearish sentiment driven by broader market conditions.
Amid the price woes for PEPE, whales are pivoting to the new meme coin Panshibi (SHIBI) amid its ongoing Stage 4 presale. Experts see a similar pattern of success on SHIBI and believe early investment in the new coin could deliver high returns this year.
Whales Action Improve Uncertainty About Pepe
Market pundits say another Whale sell-off indicates dwindling confidence in Pepe. The meme has been on a downtrend since reaching a new peak in December. Since then, Pepe has plummeted by over 47% and the market confidence surrounding it is at an all-time low.
At the time of writing, PEPE trades around $0.0000078 presently after moving out of its $0.000010 consolidation range. Analysts say the Pepe memecoin’s outlook is still bearish and the downward momentum may continue.
Pepe’s current performance is a stark contrast to its run in 2024. The meme coin was among the top gainers and yielded good returns. However, top market players are now slowly accepting that Pepe may not reach a similar height this year.
The meme is still billed for a bullish reversal when the market improves, but it may not retract its loss completely. This has prompted investors to seek alternatives in the promising Panshibi (SHIBI).
Panshibi’s (SHIBI) Exciting Prospect Triggers Copy-cat Buys Globally
Many investors are buying into the Panshibi presale. This increased buy action could see the meme coin sell out faster than its projected time. Panshibi’s limited presale period, stage-based structure and appeal to strong communities have contributed to its increasing market buzz and it’s likely to sustain the hype beyond presale.
The Panshibi meme coin is unique to the meme ecosystem. First, it deviates from the conventional Dog and Cat theme that most meme coins follow. This, in a way, makes it similar to the Pepe memecoin. However, unlike Pepe, which has many frog compatriots, Panshibi is the only Panda meme coin for now.
Its Panda theme makes it appealing to users and has earned its backing from the Asian community. Panshibi will rely on three strong communities – Pandas, Asians and Memecoins to thrive in the meme ecosystem. It will integrate elements of Social-Fi and artificial intelligence (AI) into its core, creating quests in its ecosystem and rewarding members for participation.
The Panshibi token, SHIBI, will facilitate numerous use cases on the network. The utility token will act as a payment medium and a means of earning. Token holders can stake their SHIBI for up to 1,200% APY and other rewards. Ultimately, SHIBI grants access to some exclusive incentives.
Panshibi was developed in a way that would benefit the community the most from the project. The community-first meme coin has undergone a smart contract audit by Coinsult and it’s set to renounce contract ownership once the presale concludes. This implies that Panshibi will be fully community-driven, with liquidity locks and team token vesting to guarantee a long-term vision for the coin.
Panshibi is looking to thrive where others failed and early signs show it could be the biggest meme coin launch of the year. The meme coin looks poised to boom in the meme ecosystem, making it an ideal replacement for the struggling Pepe.
Conclusion
Crypto whales are considered some of the best traders in the market, so certain activities like pivoting to Panshibi (SHIBI) could be a major strategic move. Panshibi (SHIBI) is already having a successful presale event, but the recent on-chain activities are poised to bring more eyes to the promising meme coin. With bearish momentum growing strong for the Pepe memecoin, they’ve identified Panshibi as the best alternative buy.
SHIBI is selling out fast at $0.005 on the ongoing Stage 4 presale. Join the presale now!
Participate in the Panshibi presale here:
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi_
Website: https://panshibi.com
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