The Santiment reports revealed the increased buying pressure in the crypto market, where selling sentiments are almost negligible.
1. Peanut the Squirrel (PNUT)
PNUT gained significant attention in 2024 due to the mass coverage of the story of the Peanut squirrel, which got euthanized on the pretext of rabies. Soon, someone created a token on the same, which went viral in the industry. However, due to continuous Peanut the Squirrel controversies and the lack of bullish factors, the PNUT price continues to decline. It is facing a 90% decline from its prime, creating the need to sell before investors lose more.
2. Official TRUMP (TRUMP)
TRUMP meme coin is launched by the current US president, Donald Trump. The Trump token peaked at new highs with this association and gained attention. However, the same is among the top altcoins to sell this week, as its hype ended, resulting in a 70% drop in TRUMP price over two weeks. Moreover, critics have raised concerns about Donald Trump’s involvement with volatile assets. As a result, it is a factor that could influence TRUMP’s price further.
3. Jelly My Jelly (JellyJelly)
The Venmo founder launched the JellyJelly token just a few days ago, which became an instant hit among investors. However, a recent Santiment report identified that the token lacked primary fundamentals or developments before speculating the possibility of pump and dump. Moreover, the JellyJelly price has continuously declined on the charts, making it problematic and crypto to sell.
4. Charles (CHARLES)
The owner of the ADA meme, CHARLES, made a strategic move, sending 90% of the total supply to Cardano founder Charles Hoskinson. This was done to capitalize on the founder’s name. However, Hoskinson burned all ADA meme coins to save investors from this sketchy token falsely associated with his name. The token has already crashed on the chart and may continue to decline due to the burning of 90% of its supply.
5. X Empire
The native token of the popular Telegram mini-game, X Empire, failed to perform in the market. The token has been suffering since its launch and has worsened since then. Its price has declined more than 85% from its peak. With time, the price may continue to decline, as this crypto project has no new upcoming update.
Disclaimer: This blog analyzed some of the altcoins to sell. Although the conclusion is made considering their price performance and investor sentiments, the outcome may vary. The crypto market is filled with uncertainties and changing trends, so investors must do their research.
Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source trading view, Coin market cap and online media.
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