Recently, many people have been asking about the recent pullback of PNUT. Let's think about it: Squirrel went from being on-chain to a market value of 1 billion USD in less than half a month. It is also the fastest currency to break the 1B record among memes, and there are still many early floating profit positions. The main forces will not drive up the price unless some people are washed out. The initial PEPE and SHIB can also be considered legendary coins, right? They listed on Binance very quickly, but the subsequent chips were washed back and forth for a long time; taking PEPE as an example: after listing on Binance, there was a decline for a month and a half, followed by a small rebound, and then a long-term downward trend lasting a quarter, only after continuous twists and turns did it take off.
However, PNUT is also considered lucky, born in a bull market and coinciding with a time of relatively good on-chain liquidity. In fact, Squirrel is not lacking in conditions to compete with established MEMEs. After all, there is an old horse behind it providing support. Who knows whether it will be the next Dogecoin? Buying the dip for protection is definitely the right move, as long as you don’t cut yourself.
