The meme coin world is moving and experiencing adoption faster than ever; new meme projects are stealing the spotlight and displacing the older ones.
Dogecoin (DOGE) was the first and the original meme coin to be launched in the market. However, recent Dogecoin news has revealed that DOGE holders are shifting their focus towards an emerging project, Panshibi (SHIBI).
SHIBI, the new viral meme token is claimed to be the next leading meme token. So is Panshibi (SHIBI) a threat to Dogecoin’s dominance? Let’s explore together.
Dogecoin: The Original Meme Coin Facing Challenges
Dogecoin was launched in 2013 as an online joke intended for fun. However, Dogecoin has gone from a mere meme project to a well-established project, now regarded as the face of the meme coin sector.
Dogecoin is known for its community-driven growth and endorsements from high-profile figures like Elon Musk. DOGE trades at $0.20 on CoinMarketCap with a market cap of $30B.
Recently, Dogecoin News has revealed that the current market trend and competition have overshadowed DOGE’s long-term potential. DOGE holders are beginning to liquidate their positions and diversify into other projects, and these might be the reasons:
Dogecoin’s Stagnant Price Action
DOGE saw an explosive run in 2021 after getting endorsements from Elon Musk and other top crypto influencers. It reached an all-time high (ATH) of $0.7376 on the 8th of May 2021.
However, from 2023 to 2025, DOGE has failed to deliver any significant price movement or performance. Dogecoin news revealed that DOGE failed to break past significant resistance levels in 2024. With this development, there are only predictions of moderate gains in 2025.
DOGE currently has a large market cap of $30B, another limiting potential for a price jump. While DOGE keeps going in a ranging cycle, emerging meme coins with smaller market caps have taken off, delivering higher returns to traders and investors.
Lack of Community Driven Utility
While Dogecoin was initially created as a joke, it rode on hype and trends to establish itself. The lack of utility has become a concern for investors.
Although DOGE is integrated and accepted as a form of payment by some merchants, it lacks community-driven features like staking rewards, quest to earn, and others.
Whale Manipulation
Another concern frequently mentioned in Dogecoin news forums is the risk of whale manipulation. A report by FXSTREET reported that 50% of DOGE’s total supply is held by a handful of wallets.
This makes the token susceptible to manipulation through large sell-offs, scaring off retail investors who prefer more evenly distributed tokens.
With Dogecoin news highlighting these limitations, it’s clear why investors are scrambling to buy SHIBI.
Panshibi (SHIBI): The Meme Coin Attracting DOGE Holders Worldwide
As Dogecoin struggles to maintain dominance, Panshibi (SHIBI) provides a better opportunity to memecoin lovers, causing DOGE holders to diversify their portfolios. Panshibi is an Asian-inspired project with a panda-themed identity (a symbol of peace and prosperity in Asian culture) to blend with the meme culture.
Unlike Dogecoin, Panshibi offers community-centric utility features like:
- Staking Rewards– Long-term holders can earn up to significant APY by staking SHIBI tokens.
- Bamboo VIP Club– Early adopters receive exclusive benefits, including access to Bamboo Private VIP Club.
- Quest-to-Earn – The community can participate in quests and earn rewards or incentives.
SHIBI is still at an early-stage growth potential and is currently in presale stage 4, priced at $0.005. The presale stages are divided into 15, and the price will continue to increase as the stages advance.
The base price of SHIBI is projected to increase significantly during the presale, and it is expected to launch for trading in mid-2025. Unlike Dogecoin, which seems to have reached its potential apex, Panshibi offers a rare chance to get in early and maximize benefits.
