Solana (SOL) struggles as Panshibi (SHIBI) soars, raising $1.1m in presale and gaining traction as a breakout meme token.

Solana crypto has sustained a significant price decline, paralleling the broader crypto market decline. The price decline emerged after Bitcoin broke below its $90,000 mark

Solana price struggles with persistent selling pressure as investors shift focus from the beleaguered coin to upcoming meme coin opportunities, such as Panshibi, which has already raised over $1.1 million in its presale.

Solana crypto price has sustained a significant decline, paralleling the broader crypto market downturn. The price decrease emerged after Bitcoin broke below its $90,000 mark leading to massive investor panic, thus triggering widespread liquidations. This development ultimately drove Solana crypto to reach its lowest point at $132 before its short-term recovery occurred.

Currently, the trading price for Solana stands at $140.78, exhibiting a 17.30% decrease from the previous seven days. The total number of issued SOL tokens exceeds $69 billion and the daily transaction volume is $5.73 billion.

However, despite this recovery, Solana crypto faces persistent selling pressure, particularly from large investors known as whales. According to crypto expert Ali Martinez, 135 whale addresses, each holding more than 10,000 SOL coins, engaged in both selling and redistribution of tokens during the previous month.

This activity, which was largely focused on smaller transactions to avoid detection, suggests that large investors are either taking profits or reallocating funds, which could be a decisive factor in determining the future direction of Solana's price.

If selling pressure continues, Solana crypto could face further price drops, especially if it fails to break out of the crucial resistance levels.

On the other hand, Panshibi's presale is progressing rapidly, with Stage 4 now open and tokens available at $0.005. At this price point, the opportunity to buy Panshibi is optimal, but time is running out as demand soars and investors are quickly snapping up the tokens.

Panshibi's unique structure, which offers a 400% return before listing at $0.026 and the potential for a 145,000% price increase post-launch, is attracting investors seeking low-risk, high-reward opportunities. However, Panshibi isn't just a meme coin; it's a community-driven initiative with an AI-powered ecosystem that sets it apart.

Participants can engage in community quests, stake their Panshibi holdings to earn passive income, and enjoy a vibrant ecosystem fueled by panda-themed branding and a strong crypto community.

Panshibi is currently in Stage 4, with tokens selling fast at $0.005. This could be the last chance to secure SHIBI before its value increases further.

To learn more about Panshibi, visit its Telegram, Twitter, and website.