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$PENGU
The Pudgy Penguin Multisig wallet, which is thought to belong to the developers of the Pudgy Penguins (PENGU) altcoin, which was launched today and started with a market value of approximately $ 2.3 billion, seems to have sold 88 million PENGU tokens according to onchain data.
In addition, some more tokens were also moved by this wallet to centralized cryptocurrency exchanges. The total amount sold seems to correspond to $ 3.5 million.
The wallet in question had access to PENGU tokens very early on. However, it is not definitive that this wallet belongs to the developers and similarly, it may belong to a market maker company.
Definitive information on the subject will come in the coming days.
However, there is also activity in some wallets that are considered to be related to the PENGU project or very early investors.
According to the data, 176 million PENGU, which constitutes 20% of the total tokens held by early wallets, have been sold so far.
The value of the remaining tokens was measured at approximately $ 37.71 million.
#N4G
The Pudgy Penguin Multisig wallet, which is thought to belong to the developers of the Pudgy Penguins (PENGU) altcoin, which was launched today and started with a market value of approximately $ 2.3 billion, seems to have sold 88 million PENGU tokens according to onchain data.
In addition, some more tokens were also moved by this wallet to centralized cryptocurrency exchanges. The total amount sold seems to correspond to $ 3.5 million.
The wallet in question had access to PENGU tokens very early on. However, it is not definitive that this wallet belongs to the developers and similarly, it may belong to a market maker company.
Definitive information on the subject will come in the coming days.
However, there is also activity in some wallets that are considered to be related to the PENGU project or very early investors.
According to the data, 176 million PENGU, which constitutes 20% of the total tokens held by early wallets, have been sold so far.
The value of the remaining tokens was measured at approximately $ 37.71 million.
#N4G
One reason why you will see a pump in the market tonight, is the fact that tomorrow the feds will announce 0.25% cut at least from the current fund rates.
#N4G
#N4G
Debt crisis in the global financial world.
Debt will affect major economies around the world, which is why gold and Bitcoin will be preferred over other assets.
Countries at such times are advised to stay away from debt assets such as bonds and turning to harder assets such as gold and Bitcoin.
The debt of all major economies except Germany is at unprecedented levels and continues to rise.
It is almost certain that countries will experience a debt crisis in the coming years, leading to a major devaluation of their currencies.
#N4G
Debt will affect major economies around the world, which is why gold and Bitcoin will be preferred over other assets.
Countries at such times are advised to stay away from debt assets such as bonds and turning to harder assets such as gold and Bitcoin.
The debt of all major economies except Germany is at unprecedented levels and continues to rise.
It is almost certain that countries will experience a debt crisis in the coming years, leading to a major devaluation of their currencies.
#N4G
Today, bank of Canada cut interest rates by 0.5%
It went from 3.75% to 3.25%
Are they hinting for something?
#N4G
It went from 3.75% to 3.25%
Are they hinting for something?
#N4G
$GAS
If we have a green candle monthly close (3 days from now which is a friday), there will be a high chance of a good pump on gas.
#TrendingTopic
#BTC
#GASUSDT
#n4g
If we have a green candle monthly close (3 days from now which is a friday), there will be a high chance of a good pump on gas.
#TrendingTopic
#BTC
#GASUSDT
#n4g
Hate to break it to you, but brace for a drop tomorrow.
Tomorrow, i'll confirm it, follow me for updates.
#N4G
Tomorrow, i'll confirm it, follow me for updates.
#N4G
Why do i keep saying that the market will not stay like this for long?
Simply, Because the market makers will not risk loosing the hype they created a month ago for just 1.6B in liquidations, they will use that money to drive the market even higher than it was earlier on November.
It's just a matter of time and not a long period, it will be this week.
#N4G
Simply, Because the market makers will not risk loosing the hype they created a month ago for just 1.6B in liquidations, they will use that money to drive the market even higher than it was earlier on November.
It's just a matter of time and not a long period, it will be this week.
#N4G
I know it's hard to believe at such times that the market will recover quickly but i promise you by the end of this month you will be in profits.
#N4G
#N4G
People try to predict the exact moment of a dip, you can't!
You can only guess the direction of the whole market over an extended period (Day, Week, Month.. AKA "Time frames")
Currently when i say this market is going to be green i'm talking about a period of 7-12-20 days max.
Meaning that over the course of "20 days max" period, the market will be at a point higher than the point of our entry on $FIL for example (7.9$)
Am i right or wrong? Time shall tell.
#N4G
You can only guess the direction of the whole market over an extended period (Day, Week, Month.. AKA "Time frames")
Currently when i say this market is going to be green i'm talking about a period of 7-12-20 days max.
Meaning that over the course of "20 days max" period, the market will be at a point higher than the point of our entry on $FIL for example (7.9$)
Am i right or wrong? Time shall tell.
#N4G
From this day, up till inaugration date on 20 Jan 2025.. the market will make new highs on all alts.
#N4G
#N4G
A Quick guide on analysing any coin.
I'll give you a smal guide to save it on your computer, you can use it to identify if a coin is most likely to pump or not.
Choose any coin and Apply the following and if it scores (7/10), you can buy it 'Of course, The higher the score the better'
Here are your criteria:
#1 Chart (4 Points)
Go to the coin's chart, and do as follow:
- On Monthly time frame, draw a line exactly in the middle of the chart, and ask yourself, is the price below or above it?
- Do the same on weekly, Daily, 4H
If All the time frames mentioned above is below the line you draw, give your coin 3 points out of 3.
If You find The monthly above the line, the weekly/daily/4H below it, then it's a (3/4)
#2 Token omics (2 Points)
- Go to coinmarketcap, or simply write your coin ticker+cmc on google search, so if you are searching for WLD for example, just search WLD CMC on google.
- Open the coin page on Coin market cap, and check the follow:
Max supply, Circulating supply, if the coin has a huge max supply then thats a "No coin" unless the coin has many zeros.
Ex: a coin price is 0.002 while it has 20 Billion max supply.. that's okey, how you going to see if you were right?
Check the FDV 'Fully diluted value', it shouldn't be a huge one, search for tokens that has 200-500M FDV, these are the coins likely to pump faster and more often.
If your token has low max supply and low FDV, give it 2 points, if it has moderate max supply and moderate FDV, give it 1.
- Also make sure the circulating supply isn't below 50% of the token max supply.
#3 News (1 Point)
While you are on CMC, check the news section, see the last 3-4 topics written on this coin, were they positive? were they recent or days ago?
If you find any good news in the past 7 days, give this coin 1 point.
#4 Macro elements (3 Points)
Finally, the macro elements, you can search my profile for the word "macro" to understand more, but a quick brief, it's the elements that affect the whole market, such as CPI news, Hacks, public sentiment.. etc and rate the news with points.
#N4G
I'll give you a smal guide to save it on your computer, you can use it to identify if a coin is most likely to pump or not.
Choose any coin and Apply the following and if it scores (7/10), you can buy it 'Of course, The higher the score the better'
Here are your criteria:
#1 Chart (4 Points)
Go to the coin's chart, and do as follow:
- On Monthly time frame, draw a line exactly in the middle of the chart, and ask yourself, is the price below or above it?
- Do the same on weekly, Daily, 4H
If All the time frames mentioned above is below the line you draw, give your coin 3 points out of 3.
If You find The monthly above the line, the weekly/daily/4H below it, then it's a (3/4)
#2 Token omics (2 Points)
- Go to coinmarketcap, or simply write your coin ticker+cmc on google search, so if you are searching for WLD for example, just search WLD CMC on google.
- Open the coin page on Coin market cap, and check the follow:
Max supply, Circulating supply, if the coin has a huge max supply then thats a "No coin" unless the coin has many zeros.
Ex: a coin price is 0.002 while it has 20 Billion max supply.. that's okey, how you going to see if you were right?
Check the FDV 'Fully diluted value', it shouldn't be a huge one, search for tokens that has 200-500M FDV, these are the coins likely to pump faster and more often.
If your token has low max supply and low FDV, give it 2 points, if it has moderate max supply and moderate FDV, give it 1.
- Also make sure the circulating supply isn't below 50% of the token max supply.
#3 News (1 Point)
While you are on CMC, check the news section, see the last 3-4 topics written on this coin, were they positive? were they recent or days ago?
If you find any good news in the past 7 days, give this coin 1 point.
#4 Macro elements (3 Points)
Finally, the macro elements, you can search my profile for the word "macro" to understand more, but a quick brief, it's the elements that affect the whole market, such as CPI news, Hacks, public sentiment.. etc and rate the news with points.
#N4G