PNUT coin is popular before it is listed on Coinbase! On-chain funds surge, and the market is in turmoil again
With the release of a series of good news, such as the change in the political direction of the election of the King of Trump, and the announcement of the successful listing of PNUT coin on well-known exchanges, the currency has quickly become a star in the market. In just a few days, its market value has gone from obscurity to breaking through the 2.5 billion mark, staging a feast of capital carnival. However, as the law of the market shows, adjustments are often followed by climaxes, especially at the moment when emotions are high, and the pressure of callbacks cannot be ignored.
History is always surprisingly similar. Looking back on the past, meme coins operated by market makers such as Wintermute, whenever they reach their peak, the callbacks that follow are often extremely severe, and the declines generally exceed 75%. Although the rise of PNUT coin is strong, based on past experience and current on-chain data analysis, we need to cautiously expect that it may enter a callback cycle.
I once had the idea of taking profits when the market value of PNUT coin climbed to 1.6 billion. However, the enthusiasm of the market far exceeded my expectations. After just a moment of absence, it continued to advance when I returned. This scene made me deeply feel the unpredictability of the market. In the face of this situation, it is crucial for spot holders to remain calm and rational, and not let the short-term fluctuations of the market influence long-term investment decisions.
Although PNUT coin is currently experiencing a correction, I am confident in its future potential. Just as SHIB once soared from obscurity, PNUT coin also has the ability to write its own
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