Yesterday, the market surged, and Bitcoin surged 10%, reaching a high of 89,000 US dollars, only 500 points away from the integer mark of 90,000. I have said in the community before that it is too easy to break through 80,000, so the next step is to hit 90,000. And it has been mentioned many times that this market will not have a big correction to give small investors a chance to get on board. Today, let's take a look at a big event yesterday, which is the listing of ACT and Pnut projects on binance, which directly pulled up 10X. Then let's take a look at the fundamentals of these two projects. In fact, when I was researching these two projects in the morning, I also found two passwords. Let's take a look at them together according to my research ideas.
1.PNUT
In fact, this project was known for a long time. At that time, the market value should have been several million US dollars, so no one talked about it. To put it bluntly, there are too many memes like this. If you want to reach a higher level, there must be continuous events to push it forward, such as listing on the UBS.
Punt is also a project launched on pump.fun. The launch price on October 31 was less than 0.0001 US dollars. It rose to 0.1 US dollars on November 3, and then to 0.5 US dollars yesterday. The market value directly reached 500 million US dollars. However, it took only 2 weeks to achieve a market value of 500 million US dollars.
Origin
The PNUT token is actually related to a social event: the tragic experience of the American Internet celebrity squirrel "Peanut". Peanut's owner, Mark Longo, is a mechanical engineer who has shared interesting videos of the little squirrel on social media for many years and has accumulated a large number of fans. However, in a dispute over "illegal breeding", Peanut was arrested and euthanized by relevant departments, and the incident quickly aroused the anger of the entire network. Many netizens felt sorry for Peanut's unfortunate experience, and public figures including Musk also participated in the support, and even pointed out the government's radical measures in this incident. What followed was extensive discussion on social platforms and emotional fermentation. This incident gradually evolved into an accusation by American society against government agencies and even the ruling policies of the Democratic Party.
Because it was the time of the US presidential election, this incident became a "public opinion weapon" of the Democratic government and was hyped up by various media as a "symbol of protest." So Peanut became popular, and then the pnut token appeared, attracting a lot of attention, so this is a very typical hype meme.
Token Data
The current total number of tokens is 999 million, the current price is 0.4 US dollars, and there are 44,000 holders. In terms of the degree of dispersion, we can see that the top two are exchanges, Binance and Gate, and then 1% of the big holders have only 5 addresses, and 0.1% of the addresses have only 158, which is actually quite good.
However, in the news, we saw that a certain secret whale spent 15,140.85 SOL to hold PNUT, FRED and OPK tokens. The floating profit of the overall position was as high as 3.97 million US dollars, of which the floating profit of a single token PNUT was as high as 4.06 million US dollars, becoming one of the top 3 accounts in terms of PNUT holdings.
So I immediately checked these addresses. They are the third address starting with JS, holding 2.5% (25 million). This address started buying 8 days ago, which was around November 4th. At that time, it was the location of the first wave of retreat, with only about 0.04, so the overall increase was 10 times. In the following days, it was purchased continuously. Today, it sold about 8M (25%). First of all, the overall return must have been made. The second address starting with 4J (17M) is even more impressive. It was purchased 6 days ago, and no shipments have been made so far. The third largest address starts with Ah (16.7M). This address is also very impressive. It was purchased 9 days ago, and no shipments have been made so far. The fourth largest address (11M) was also purchased 6 days ago. There has been no shipment so far, but 1,000 coins were transferred to binance 4 days ago, which should be used for testing. You should know that binance had not announced the launch of this project 4 days ago, so it could only be used for testing before the internal token launch.
Therefore, there is reason to suspect that this is either a big dealer or a market maker, not necessarily the project party, because they all entered after the stock price rose 100X. There is also reason to suspect that it is someone from the big exchange team, because according to reason, if it is an ordinary dealer, he would have run away after arriving at the big exchange, but this one did not run away, so one possibility is that he knew that the stock price would continue to rise later, then who would make the price rise later? Think about it for yourself.
Then I discovered another phenomenon, that is, these addresses have all been deposited with 0.1 HappyDog at the same time recently. This HappyDog may be increasing its own currency holding addresses and then depositing coins to this big holder. The current market value is only 900,000 US dollars, which should attract a wave of attention.
2.ACT
This project was also launched on pump.fun. The project was launched on October 19th. This wave of listing on Binance should have doubled by 30X. The current market value is 520 million US dollars.
Introduction
ACT, or "The AI Prophecy", is a decentralized AI experimental project running on the Solana blockchain, claiming to "make AI knowledge accessible to everyone." The original intention was to create a decentralized AI knowledge platform to provide "AI popular science" to ordinary people.
ACT declared at the outset that it would "make AI knowledge accessible to everyone." The goal was directly aimed at "knowledge evangelism in the new era," and it was full of emotion for a while. However, loud slogans are a feature of most meme projects, so everyone should be used to it.
The founder DEV is a member of the GOAT token team AmplifiedAmp (Amp for short). After creating ACT, he initially obtained 6% of the token supply as start-up capital.
After ACT went online, the community did not take off. Instead, the founder Amp held a large number of ACT tokens and sold them frequently. Then the tokens could not rise. Friends in the community accused him of "blatantly cutting leeks."
Under the pressure of public opinion, Amp could not stand it anymore and finally announced its withdrawal and destroyed the remaining 1,745,004 ACT tokens in its hands. Don’t underestimate this amount of tokens. When it was destroyed, it was only 41,000 US dollars. After a few days, the tokens skyrocketed. Now this amount is worth 3.87 million US dollars. AMP almost cried in the toilet. After that, the ACT community embarked on the DAO autonomous route. The community got better and better, and then it was listed on Binance and took off overnight!
Token Data
The number of tokens is 948 million, the current market value is 510 million, and there are 22,000 holders. This data is slightly worse than the above pnut. The current distribution of holders is that there are 5 exchanges in the top 10, 1% of the addresses are only 9, and 0.1% of the addresses are only 80. This whale is still relatively rare.
Continuing to track the on-chain data, I still saw a news report that a trader spent 2,658 SOL (about $457,000) to buy 17.16 million ACT tokens. After Binance announced the listing of ACT on November 3, the trader quickly sold 9.33 million ACT in exchange for 11,945 SOL (about $2.48 million), realizing a large profit. The remaining 7.83 million ACT is worth about $2.74 million, and the trader's total profit reached $4.77 million - in just 18 days.
Let’s take a look at the top few big holders, the address of 51B (19M). This address only bought 19m 11 days ago and has not moved since then.
The second largest holder, EV-beginning (16.8M), bought one day ago and did not sell.
The third largest account, 6Z account (10.6M), bought 19 days ago and has not sold anything so far. Similarly, the others have not sold anything either!
Then there is an action among the top few holding addresses of this project, which are constantly receiving injections of a coin called wukong. It seems that this project has been hyped recently.
Through the above analysis, the top holding addresses of these two projects did not sell at all when the profits were so huge, which is very strange. No matter they are powerful market makers or certain dealers (only speculation), then we can infer in reverse, under what circumstances would they not ship out when there are huge profits? They would not sell only when they know that the price will continue to rise in the future, so who knows that it will rise in the future? We can deduce who these people should be, and we have also gained another important information, that is, the two small coins that these big investors are frantically buying should be the next wave of popularity (only speculation, no project endorsement)!
