PNUT has been accused by Squirrel Dad, and the token may face the risk of going to zero????
Since the launch of $PNUT , we have also built a position at a low level and chose to take profits around 2.15.
You have to admit that after Squirrel's explosive rise of 666% upon launch, there will need to be a significant washout.
The reason for yesterday's decline, besides the overall market correction, is that the owner of PNUT claimed: the community has made millions using my story and intends to sue the community. Additionally, they are issuing their own token JUSTICE, which led to a significant drop in PNUT!
Currently, looking at PNUT from the hourly chart, after three attempts to reach the peak, it has rapidly declined, proving that the selling pressure above is very severe, indirectly dragging $ACT down as well; these two should belong to the same dog庄 and cannot move separately, as both have similar pump techniques.
The bottom is nowhere to be seen, and it has been on a continuous downtrend. If it breaks the key support level of 1.075, there will be another major correction.
Day trading can revolve around the support level for swings, waiting for the market to move before choosing to build positions.
So will this round of chaotic operations by the community and the protagonist lead to a rebound for PNUT or the beginning of the end??
What do you guys think about this situation?
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