$PNUT
Squirrels must never be shorted!
Today let's talk about squirrels. If it's a small-level intraday, you can short it without any problem, but shorting squirrels at a large level is guaranteed to fail.
Many new beginners do not know that a project team has requirements to list their coin on Binance's spot market, including a 15% token fee, a $10 million USDT margin, and certain fees (to ensure that there is no dumping or crashing in a short time; if the price drops below the margin in a short time, the margin will not be refunded, which better protects retail investors).
On the day pnut was listed on Binance, the beautiful He Yi posted that there were 0 fees.
There are two possibilities:
1. The project team gave Binance tokens far exceeding 15%
2. Binance actively invited the coin to be listed on Binance
Since it is a coin that Binance holds or is optimistic about, it is impossible to dump it in the short term; Binance would not shoot itself in the foot.
In summary:
Musk's endorsement of squirrels and Binance's attitude toward squirrels means that regardless of the angle or reason, squirrels must not be shorted.
Personally, I believe squirrels will absolutely break through a new high of 2.5. I will post this as proof! November 20, 2024