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If you hold $PNUT and in profit or small loss, I advise you to sell it at once. Pnut had been recently getting some hits, with binance increasing it's collateral ratio by 10%, it usually indicate that the exchange doesn't trust the asset much and it may drop hard. Also, the owner of #Pnut 'Mark longo' sued #Binance over allegations of an unauthorized use the image and branding associated with Peanut, violating intellectual property rights. The lawsuit demands the removal of all materials linked to Peanut's likeness from Binance's platform by December 31, 2024. This might lead #Binance to Delist the coin 'Just a presumtion', so i would suggest that you sell your $PNUT ASAP. #N4G
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Liquidations in the past 24 hours reached $492,745,867 up by +205.60% from the day before. #N4G
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Important Binance Trading Update Concerning Peanut the Squirrel (PNUT) and Other Meme Coins. This concerns Peanut the Squirrel ($PNUT ), 1MBABYDOGE ($1MBABYDOGE ), Eigenlayer ($EIGEN ), Reserve Rights (RSR), Movement (MOVE), and Magic Eden (ME). The collateral ratios of the aforementioned tokens will be raised by 10% each. PNUT’s ratio will be increased from 35% to 45%, while all others will be lifted from 10% to 20%. The collateral ratio represents the amount of assets required to secure a loan or maintain an open position. It is usually expressed as a percentage and compares the value of the collateral to the borrowed capital. A higher ratio provides greater assurance to the lender, increasing the chances of recovering funds even if the market heads south. #N4G
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We need to see this falling to see Altcoins rising. #N4G
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Rule of the day. #N4G
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