PNUT: The 'Potential Stock' of This Cycle?
Recently, I have gradually shifted my profits from DOGE to PNUT, as it is expected to hit a market cap of 10B in this cycle. In terms of trading volume, it ranks third in the meme coin sector in the past week, only behind DOGE and PEPE, and its popularity has not waned even after the elections; community trading enthusiasm remains high.
Meme coins can establish their own momentum due to their strong valuation linkage with DOGE in the previous cycle. Currently, leading meme coins like DOGE and SHIB are associated with Elon Musk. They once reached a market cap of 60B, while PNUT is only at 1.1B, making it quite cost-effective from this perspective.
Analyzing from a narrative standpoint, PNUT has a unique charm. Its related expressions link it to the Trump event, claiming that 'America has been saved by a squirrel and a meme coin,' merging the globally wealthy and powerful concepts of Musk and Trump, a narrative that may be hard to replicate.
Cryptocurrency is an attention economy; wherever attention goes, buying follows. When major players choose speculative targets, attention comes first. PNUT is not only gaining attention within the community but is also recognized by the general public in the U.S. While they may not understand AI Agents and DeSci, they have heard that PNUT is the 'hero saving America' according to Musk.
Currently, PNUT's daily trading volume is nearly or exceeds its circulating market cap, and in the 1B market cap consolidation zone, it shows a high turnover rate. This phenomenon is unusual and indicates that a large amount of capital is absorbing floating profits and building a new cost base.
When its market cap was at 1B, the trading volume far exceeded three times that of WIF and BONK. Who is buying? Looking back at the last cycle, SHIB succeeded due to retail investors searching for the 'next DOGE.' Now, among mid to high market cap meme coins, PNUT is most likely to become the new favorite of retail investors this round. Everything is ready, just waiting for the right moment; if fiat channels open, its market cap reaching 5B or even 10B is possible.
Retail investor power in the U.S. has previously driven DOGE and SHIB to skyrocket. Considering the audience, narrative, and trading volume comprehensively, it is very reasonable for PNUT to be listed. In the past few days, Coinbase IG has already shown its presence, and listing may be just around the corner.
