A Monero (XMR) Whale Just Invested $50,000 Into This Viral Meme Coin

A Monero (XMR) whale just made a bold move, investing $50,000 into Panshibi (SHIBI) as the meme coin's presale gains unstoppable momentum

Monero (XMR) has always been the go-to option for privacy investors, especially as it navigated regulatory strains while still performing well within the crypto market. The market currently values Monero crypto at its price point of $217, and the asset reached its daily peak at $223.34. According to Monero price predictions by analysts at DigitalCoinPrice, XMR will reach $316.82 this year with an average price of $255.84, as long as private transaction demands stay consistent.

On the other hand, we have Panshibi (SHIBI), a viral meme coin that's heating up its presale and has already raised over $1.17 million. With fame comes infamy, and a recent report by Atomic Token claims that a Monero whale decided to invest $50,000 into Panshibi.

The report, which cites data from Atomic Token, asserts that the Monero whale recognized the potential of Panshibi as it rapidly approaches the fourth stage of its presale. The meme coin, known for its panda motif, has been garnering attention for its unique features and the potential for significant gains.

As most cryptocurrencies disclose transaction details on a public ledger, Monero ensures anonymity through ring signatures and stealth addresses. This privacy-centric approach has made it the preferred choice for users valuing discretion in their financial dealings. However, with increasing regulatory scrutiny on privacy coins, the future of Monero remains uncertain.

Despite these challenges, Monero boasts a strong community and real-world demand, setting it apart from traditional altcoins. Many members of the crypto community believe that if the broader market enters a bullish phase, Monero could still outperform traditional altcoins like Chainlink or Aave.

However, with concerns surrounding privacy regulations and the potential for increased scrutiny, some Monero holders might be diversifying their portfolios into high-growth opportunities outside of traditional privacy-focused projects.

One recent move that caught the attention of the crypto community was a report by Atomic Token, which claims that a Monero whale decided to put $50,000 into Panshibi.

Panshibi Is Heating Up Its Presale With 26 Days To Go

Panshibi (SHIBI) is making waves in the crypto scene, rapidly approaching the fourth stage of its presale with over $1,170,000 already raised. As the project reaches Stage 4 at $0.005 per token, this panda-powered meme coin is attracting attention with reports of a Monero (XMR) whale making a $50,000 contribution.

With Stage 4 of the presale set to begin on August 10, Panshibi is quickly becoming a hot topic. According to Atomic Token, the meme coin has already sold over 546 million tokens, and with 60% of its 2 billion token supply (1.2 billion SHIBI) available in presale, early adopters are locking in their positions before prices skyrocket.

"The move comes as Monero faces increasing regulatory scrutiny for its privacy features. As such, some XMR holders may be seeking out alternative investment opportunities with less regulatory risk," the report from Atomic Token states.

Panshibi is being touted by analysts at Benzinga for a potential 100x surge following its listing, and it seems to be keeping up with the hype. The project has a hard cap of $10 million and just 26 days left to reach it. It also boasts a fully audited smart contract by Coinsult, while liquidity will be locked for 10 years and team tokens remain inaccessible for two years, highlighting its long-term commitment to investors.

Moreover, Panshibi offers additional staking rewards of up to 1,200% APY and VIP perks for the largest community contributors, further structuring its ecosystem for lasting success.

Join the Panshibi ($SHIBI) presale and community:

Telegram: https://t.me/panshibi

Twitter: https://x.com/panshibi_

Website: https://panshibi.com