Memecoins like Peanut the Squirrel (PNUT) are always highly volatile and heavily depend on market sentiment, the overall trend of cryptocurrencies, and other external factors. To assess PNUT's resilience, the following factors need to be considered:
1. Technical support
• The current Fibonacci level of 0.618 is an important support. If PNUT holds at this level and forms a double bottom pattern, the price could bounce back. However, if this level is broken, the downtrend will continue.

Mark Longo, the man behind the viral internet sensation Peanut the Squirrel, has recently launched a new cryptocurrency, $JUSTICE. This digital token is purportedly designed to combat the " $PNUT " craze, a meme coin inspired by Peanut the Squirrel, which has taken the crypto world by storm. However, the launch of $JUSTICE has been met with significant controversy and raised serious concerns about its underlying intentions and potential risks.

A Coordinated Launch and Rapid Rise
One of the most alarming aspects of the $JUSTICE launch is the highly coordinated nature of its initial distribution. Reports indicate that a staggering 80% of the total supply of $JUSTICE is concentrated in the hands of a small, tightly-knit group of investors. Blockchain analytics firm Bubblemaps uncovered that 45 wallets were funded with $JUSTICE tokens just three hours before the coin's official launch.
Despite these red flags, $JUSTICE experienced a meteoric rise, surging over 50,000% in a matter of hours and reaching a market capitalization of $13 million. This rapid appreciation, coupled with the highly centralized ownership structure, has led many to question the legitimacy of the project and the motivations behind its creation.
A Personal Vendetta or a Profit-Driven Scheme?
Longo has framed the launch of $JUSTICE as an attempt to "reclaim his story" and protect his intellectual property. However, critics argue that the project is driven by a combination of personal vendetta and financial gain. Some believe that Longo is using the popularity of Peanut the Squirrel to attract investors and generate significant profits for himself and his associates.
The centralized nature of $JUSTICE raises serious concerns about its long-term viability and its ability to withstand market volatility. A small group of insiders controlling a large portion of the supply can potentially manipulate the price and market sentiment, leading to significant losses for unsuspecting investors. Furthermore, the lack of transparency and accountability in the project's governance model increases the risk of fraud and other illicit activities.
A Word of Caution for Investors
Given the numerous red flags associated with $JUSTICE, it is imperative for potential investors to exercise extreme caution. While the allure of high returns may be tempting, it is crucial to conduct thorough due diligence and assess the risks involved. Investing in highly centralized and speculative projects like $JUSTICE can be extremely risky and may result in significant financial losses.
As the crypto market continues to evolve, it is essential to remain vigilant and avoid falling victim to pump-and-dump schemes and other fraudulent activities. By staying informed and making informed decisions, investors can protect their hard-earned money and navigate the complex world of cryptocurrencies with confidence.


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