The squirrel$PNUT skyrocketed to $2.5 after its launch, then the hype decreased, dropping for 7 days, and has now corrected by 40%.
Retail investors who chased high in the past 7 days have been continuously cutting losses and switching to new MEME coins. You can see that the 1-hour level$PNUT has also been shaken out.
This morning, the price of squirrel PNUT fell to $1.26 and then began to rebound. The current price is $1.45. Everyone can get in around $1.3; I think it is relatively safe.
I rarely play with newly launched MEME coins, so why am I paying attention to this coin? It's because of the consensus of this coin, which is still 'invincible' at the moment. After all, this 'squirrel' has pulled Trump and gained a lot of fame, and Musk keeps promoting it.
Moreover, I noticed that the market cap is only 1.4 billion, compared to PEPE's 8.2 billion, BONK's 3.9 billion, and FLOKI's 2.5 billion, leaving a lot of room for growth. The main factors are its strong consensus and recognition, and Musk even said, 'America was saved by a squirrel and a meme coin,' so its upward potential in the future looks quite good.
Once again, I remind you that MEME coins have large fluctuations, use less leverage, use less leverage!
Coinbase has successively listed PEPE, WIF, and Floki. Do you think PNUT will be listed?
I think there is a high probability.
