Those with skin in the game know pretty well how the Asian crypto market has always been a significant force behind several meme coin projects. From the likes of Dogecoin (DOGE) to Shiba Inu (SHIB), the Asian market has fueled the explosive price movements witnessed over the years. However, a new contender is taking over: Panshibi (SHIBI).

With more than $1M raised in its opening weeks, SHIBI is quickly becoming the most talked-about meme coin in Japan, South Korea, China, and Southeast Asia. On the other hand, Shiba Inu’s price continues to struggle to maintain momentum as its growth slows amid increasing competition.