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"Panshibi Surge: Cardano & XRP Holders Fuel Meme Coin Presale, Eyeing 100X Post-Launch"

Coin WorldThursday, Feb 13, 2025 12:18 pm ET
1min read

Panshibi Hype Builds As More Cardano & XRP Holders Join The Presale Ramping Up The 100X Potential Post Launch

Recent developments in the cryptocurrency market have sparked significant interest among investors, with a new meme coin, Panshibi ($SHIBI), gaining traction among Cardano (ADA) and XRP holders. This surge in popularity comes amidst a proposal by NYSE Arca to list the Grayscale Cardano Trust, which could provide investors with direct exposure to ADA. Meanwhile, XRP price has dropped to $2.38, down 3.04% in the past 24 hours, mirroring broader market fluctuations that have affected several altcoins.

NYSE Arca's 19b-4 form signals a potential rule change for listing the Grayscale Cardano Trust, an ETF-like product that would provide investors with direct ADA ownership. Grayscale Operating, LLC and Grayscale Investments Sponsors, LLC are backing the trust, with each share representing proportional ADA ownership. If approved by the SEC, this would mark a significant milestone, making Cardano-based financial products more accessible for mainstream traders and institutions. Enthusiasts assert that an ETF would elevate Cardano's standing as a top-tier asset, possibly spurring inflows that could push ADA's price higher over time.

Ask Aime: What impact will the NYSE Arca's 19b-4 form have on the Cardano Trust's listing and potential for growth?

However, market watchers remain cautious, as regulatory hurdles persist and final approval is never guaranteed. Nonetheless, the filing alone indicates deepening institutional engagement in Cardano's ecosystem, aligning with the network's push into DeFi and enterprise partnerships. If GADA goes live, some analysts predict Cardano might join the ranks of heavily traded crypto-based investment products, furthering its relevance.

While the XRP price lands at $2.38, a 3.04% daily decline, supporters continue to track Ripple's legal and adoption milestones. Although near-term volatility weighs on XRP, long-term holders argue that real-world applications and ongoing network development keep it a valid contender among top altcoins. Observers note that major announcements or legal clarity could reverse the downward trend quickly. Some XRP holders are branching out to alternative assets, especially newly launched tokens that exhibit strong presale numbers and comedic appeal.

In parallel with these Cardano news breakthroughs and X

Comments

Post
user74729582
02/13
Cardano's ETF could be a game-changer. 🚀
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Turbonik1
02/13
Cardano's DeFi push and potential ETF listing make it a compelling play. Not financial advice, but I'm watching GADA closely. 🚀
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_punter_
02/13
Panshibi meme coin craze is wild. 100X potential sounds juicy, but watch regulatory vibes. Might dip a toe if it's legit.
0
jvdr999
02/13
Panshibi's presale is like a meme gold rush.
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Assistantothe
02/13
@jvdr999 Panshibi's presale is like finding digital gold in a sea of FOMO.
0
Far_Sentence_5036
02/13
Cardano's DeFi push and potential ETF listing could be game-changers. Not financial advice, but it's worth keeping an eye on regulatory developments.
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johnnyko55555
02/13
@Far_Sentence_5036 Cardano's DeFi push might pump ADA, but ETF listing isn't a sure bet. Keep an eye on SEC approval.
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joethemaker22
02/13
@Far_Sentence_5036 Regulatory hurdles might trip Cardano up.
0
DigitalGold Digger
02/13

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ttforum
02/13
Gotta hedge with $SHIBI, high risk, high reward.
0
MyNi_Redux
02/13
XRP's dip doesn't faze me. Holding long-term. Real-world use cases and network growth will shine. Patience is key.
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Curious_Chef5826
02/13
XRP holders diversifying, smart move amidst volatility.
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ExeusV
02/13
@Curious_Chef5826 How long you think XRP holders should hold before reassessing their portfolio?
0
ConstructionOk6948
02/13
@Curious_Chef5826 I got out of XRP too soon, man. Regretted it when it started rallying. FOMO is real.
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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
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