Panshibi (SHIBI) Is One of the Few Tokens Restoring Hope in Meme Projects After Solana Chain Took a Hit

Panshibi is one of the meme coins that has benefited from the market appeal and long-term potential of PEPE.

The Solana chain saw a hit last month as the Libra incident triggered panic sells among meme coin holders, liquidating billions from their holdings. The post-Libra incident saw hundreds of meme coins heading to zero, but things quickly flipped and investors’ confidence was again restored; the long-term potential of DOGE and Pepe crypto appears to have saved the niche.

One of the meme coins that has benefited from the market appeal and long-term potential of PEPE is Panshibi. Panshibi is a new meme coin that has used the restored investor confidence in meme coins to its advantage. SHIBI’s limited supply is selling fast; at this rate, experts predict the token could see pumps of up to 1,200% in Q2. In this article, we will discuss the long-term potential of Pepe crypto and shed more light on the aggressive buys of $SHIBI.

Pepe Crypto: Short-term and Long-term Potential

Since February, investors and meme holders have battled the intense selling surrounding the meme coin niche. This bear market, which started with the insiders’ sell-offs of the LIBRA project, rattled investors’ confidence, triggering huge market dumps and sending the meme miche to a downward spiral.

The sentiment around meme projects is not as it used to be; investors believe the long-term potential of OG meme coin and PEPE could save the meme coin sector. Pepecoin is one of the most adored meme projects in the market today. The project ranks third on the biggest meme projects, coming after DOGE and SHIB, which currently occupy the first and second positions.

Pepecoin is trading at $0.000006790, down by about 33.4% in the past month. The token has been consolidating for five days, oscillating between the $0.0000007550 and $0.000