In recent days, XRP whales have sold over $300 million worth of tokens, causing a major price decline. Meanwhile, a new meme coin, Panshibi, is showing potential.
Ripple’s Latest News: XRP Selloffs May Spark a Trend
Crypto analysts believe that the selloff by XRP investors could fuel a trend throughout the broader crypto market, considering Ripple's growing influence in recent months. Recent news revealed that XRP whales have dumped $360 million worth of tokens over the last 24 hours, contributing further to the price drop. In the next few months, ETF approvals and major exchange listings are expected and could trigger a price rally, although these are long-term changes without guarantees.
Panshibi Lives Up to the Hype
The Panshibi presale token is living up to crypto analysts' expectations, predicting it to be one of the best-performing meme coins by 2025. The Panshibi presale aims to raise $10 million and continues to attract investors. Panshibi's appeal lies in its narrative, which combines three strong communities: Asia, pandas, and meme coins. It offers token holders staking rewards, governance rights, and exclusive VIP membership perks. Panshibi currently sells at $0.003, with its presale consisting of 15 stages, offering 60% of its total supply.
Conclusion
While analysts ponder over the prolonged fall in XRP's price, Panshibi is moving rapidly through its presale stages and may become a leading market performer. The token has already attracted interest from analysts, investors, and enthusiasts across various fields. Stage 1 presale investors have already gained a 50% ROI as the SHIBI coin surged from $0.002 to $0.003.
Major XRP selloffs are putting downward pressure on prices, while Panshibi is rapidly gaining traction and remains a promising asset.
