Recently, the rebound momentum of the big cake is strong, however, $PNUT has not been able to follow closely, the reason behind this is thought-provoking. In fact, this is mainly because the market makers have not continued to inject funds, but instead have continuously sold chips to bottom-fishing retail investors.
PNUT is indeed receiving much attention, with many inquiries and a large retail base, maintaining high popularity. Here, I would like to delve into PNUT's current situation to help everyone better understand the logic behind it.
Tracing its origin, PNUT comes from the primary market of SOL, and its operations on the chain are relatively light, allowing for a surge in market value without the need for huge amounts of capital (due to a shallow liquidity pool). Therefore, when the market value rises to a high level, the actual investment from the main funds is not as large as the outside world imagines.
Subsequently, PNUT successfully landed on Binance, a globally renowned trading platform, attracting more market makers to join, and its market value subsequently rose. During this period, thanks to the high market sentiment and Musk's support, PNUT's market value quickly climbed from over three hundred million to over twenty billion. However, it is worth noting that during this process, the turnover was not sufficient, resulting in a slightly weak foundation.
When the market value reached its peak, the media and followers regarded it as a potential stock to benchmark DOGE. However, it was at this moment that the main funds began to quietly withdraw and continuously sell chips.
From a data perspective, the outflow of funds from PNUT continues to this day, with no signs of capital returning. Therefore, even if PNUT indeed has the potential to become an excellent meme altcoin, its current trend can only maintain volatility, waiting for the main funds to re-acquire chips. After all, the rise of any altcoin cannot be separated from the layout and promotion of the main funds; relying solely on retail investors is difficult to shake the entire market.
In the face of PNUT's current situation, we should remain calm and rational, deeply analyze the market dynamics and capital flow behind it, to make wiser investment decisions.
Recently, I plan to ambush a potential coin that is ready to explode, doubling is quite simple, and I also intend to find some potential coins to hold until the end of the year, expecting a space of over ten times is not a problem. If you want to follow along, like + leave a message, free sharing.
