The crypto market is experiencing significant whale activity with Solana (SOL) seeing a price drop, suggesting whales are moving to new projects like the Panshibi meme coin

Solana whales shift focus: Is a new meme token their next move? This new token has garnered interest due to its panda theme and potential for high returns. Investors are advised to research thoroughly before investing

The crypto market has seen a surge in new whale activity for the last few weeks. New crypto projects have entered a boom and the old ones have climbed to new highs. This has seen new milestones such as Bitcoin's $100k, SOL's price hitting $294, and others. While others such as XRP and Cardano did not set new ATHs, they saw impressive upward price movement reflecting the whale activity.

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However, weekly news updates about Solana have also shown that the total market cap has been reducing in the last few days, suggesting that the whales might be moving out. The prospect of whales moving out creates ground for speculation that a new crypto asset might be gaining these whales’ interest. The SOL price has also struggled to stay above $200 in the last few days, bouncing off multiple resistances.

Analysts suggest that Solana whales may be shifting funds towards a new meme token as they move away from Solana. This could be due to recent concerns over Solana-based meme coins, which have faced credibility issues in the past few days. A meme coin independent of Solana might be attracting their interest. Let’s dive into how this Solana whale movement has affected the SOL price and why this new presale meme token could be the next big breakout.

Was the SOL price a strong uptrend ?
Before the announcement of Trump’s imposition of new tariffss, which has caused panic in the market in the last few days, many investors had moved closer to profiting from their Solana investments. Following the latest Solana weekly news, many investors believed the SOL price had risen too fast and might have entered the overbought range.

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An overbought range is a price area where multiple investors have decided to make a profit. This is the opposite of the oversold range when many have decided to buy the asset. However, with the Solana coin, many believed the price hitting $290 might be enough and were set to take profit. This became obvious in the setup as the SOL price resumed an instant decline immediately to $294 as most whales started pulling out their investments.

The latest development in this space shows that the SOL price has continued to drop multi-weekly since hitting $294 and it is still dropping at the moment. This suggests the Solana whales are still moving out, most likely to a new project.

Why Panshibi is getting a nod from Solana whales
The Panshibi presale token has been making its way into crypto market headlines as a meme coin worth attention. Many analysts believe it could see a 1000% surge even before an official rally begins. This crossover meme coin taps into three trending themes: pandas, Asia, and memes. The panda, a belobed symbol of Asia, has captured hearts worldwide. With featuring in global discussions, Panshibi seems poised to become a successful meme coin.

Buying early means riding the wave with whales as the price climbs at every presale stage. Right now, you can buy the Panshibi meme coin for as little as $0.004— securing your stake before the hype takes off.

To get started with this new meme token, check out the links below:
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi
Website: https://panshibi.com

Email: [email protected]
Mobile: (315) 625-4500

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This story originally appeared on: India Times - Author:Faqs of Insurances