Top DeFi coins Cardano (ADA) and Toncoin (TON) have been contending intensely for market domination, which has attracted a great deal of interest from investors. However, recent developments are now pointing towards Panshibi, which is making headlines with a remarkable rise that is surprisingly overshadowing the significant interest surrounding the competition between ADA and TON.
As a fresh meme coin with a vibrant narrative centered around the Asian black panda, Panshibi ($SHIBI) embodies a community-driven project that’s all about fun, engagement, and innovation. Find out more about this new meme coin and the reasons it’s gaining interest, more than the ongoing battle between ADA and TON.
Since the Bybit exchange was hacked, Cardano’s price has been bearish, falling 1.17% to $0.76 on the weekly charts. The token is now nearing a long-term support trendline established in early February 2025, which has historically facilitated price recoveries. Over the past three weeks, each time ADA hit this trendline, prices subsequently increased, reflecting strong investor interest.
However, to maintain this bullish sentiment, ADA needs to stay above $0.745; if it drops below $0.74, it might fall to $0.66. Cardano also experienced significant token movements after the Bybit hack. According to recent Cardano news, exchanges saw about $6.50 million in outflows in ADA. Additionally, large transactions for ADA decreased by 8%, showing less activity from whales amid market uncertainties.
The price of Toncoin, now at $3.76, saw a 26% decrease in the last month. The altcoin also experienced one of its biggest market value declines, dropping from $18 billion to $9.3 billion. TON’s market value began to drop after Pavel Durov was arrested in 2024. Moreover, the TON Blockchain experienced a severe drop in active wallet count as usage fell from 12 million in August 2024 to its current level of 4 million.
The TON Blockchain is also losing ground in the DeFi Space, with its total locked value slumping to $172 million in recent days. Technically, Toncoin’s price has also fallen below critical support levels, and technical indicators suggest it may continue to decline, with potential targets around $2.68.
Panshibi stands out as a meme coin with a purpose. Its community is at the heart of everything, driving the project’s vision and activities. Panshibi is built on a revolutionary AI-powered “Social-Fi” system. This feature significantly increases user interaction through engaging quests and staking opportunities, allowing participants to immerse themselves in a vibrant ecosystem where their contributions are rewarded.
Panshibi tokenomics outlines a clear distribution plan for its tokens, allocating 60% for presale to promote early investor participation. Additionally, 15% of the tokens are designated for community rewards and staking, promoting engagement and loyalty among users.
Unlike many projects that prioritize short-term hype, Panshibi is committed to long-term growth. To reinforce investor confidence, it locks liquidity for a remarkable 10 years, while team tokens are secured for two years. This dedication to stability and trust is designed to assure investors that their stakes are protected and valued.
One of the most exciting aspects of Panshibi is its ongoing 60-day presale that features a transparent pricing model. Currently in Stage 4, tokens are available for just $0.005, making it an appealing opportunity for early investors looking to increase their returns. As the presale progresses, interest in Panshibi continues to grow, with investments already surpassing $1.1 million. Analysts anticipate a staggering 1,200% price increase before the presale concludes. Therefore, now is the perfect time to take a dive into the next meme revolution with Panshibi.
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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