I predicted exactly what happened to $PNUT at the peak. The PNUT bubble has indeed burst. Of course, recovery is possible if the community continues to support the squirrels. But I wanted to share a few things with you, so I wrote this article.

People cheering that squirrels will replace dogs is just a way for them to hype it up and lure new people. I know very well that squirrels are not to be underestimated because they appear quite a lot in videos and activities in the US. They can absolutely do the unthinkable in the meme market. BUT Elon Musk - who just supported Mr. Trump to win the presidential election - posted a post related to squirrels and people got too excited about it, which is a big problem. This is not the first time for Elon Musk because he was previously sued for manipulating the price of Dogecoin.

On November 26, CZ commented on the current meme as "weird":

"I'm not against memes, but meme money is getting a little weird right now.

Let's build real-world applications using blockchain." (I translated it for everyone to understand)

And then he unfollowed Elon Musk.

Personally, I think CZ's description of the current meme as being a bit "weird" is completely accurate. People seem to be manipulated by someone with jokes and throwing their money into memes like crazy. After the party is over, everything falls apart and leaves behind screams of despair. While many technology projects are trying to develop, investors are not interested in what those projects are developing: technology, ecosystems, markets, jobs for their employees, community - social support funds,... Memes are simply hype, excitement, and tears of losers...

I am not against memecoin. Because some of my posts still consider memecoin as an investment portfolio. But I always attach it to a risk assessment from high to very high. And it is extremely important that you do your own research from information on the market. It will give you knowledge, experience and courage to stand in the market.

Remember: "Your money, your decision, your responsibility". Don't wait until you fail to remember this. Do your own research when investing.