With the release of yesterday's CPI data, investors' risk aversion sentiment was also released.
After the release of the CPI data, the Federal Reserve is likely to cut interest rates by 25 basis points in December and can continue to play the music and dance.
Yesterday, Bitcoin hit a new all-time high, reaching $93,265, and Ethereum also broke through $3,400.
Among the altcoins, MEME coins performed the best. For example, PNUT increased five times in one day, and its market value exceeded 2.5 billion US dollars. LUCE also increased by more than 100%.
PEPE and WIF also increased by 50% because they were listed on the Coinbase exchange.
Yesterday, the USDT trading volume of DOGE, PEPE and PNUT on Binance exceeded that of ETH, which shows that the market's funds and attention are now concentrated in the MEME sector.
Yesterday, our core group friends pnut and luce basically doubled their money. Remember to double your principal and keep the profit.
Today I shared several projects in the core group, and everyone can ambush in advance.
Will there be new opportunities for MEME coins to explode?
I think there will be.
It is recommended to continue holding the core MEME assets on Solana.
The projects we shared yesterday, such as ban, act, ai16z and pnut, are all reaching new highs.
If you didn’t catch up with this wave of market, don’t worry, there will be many new opportunities later.
At present, the copycat season has not really arrived yet.
The peak of altcoins is when all altcoins on all exchanges rise together, and now ETH and SOL have not yet reached new highs.
Although MEME coins have performed strongly overall, Bitcoin’s market capitalization share has not changed much.
To shake this proportion, Ethereum and altcoins need to take off together, not just the performance of MEME coins.
So, strictly speaking, it is not the copycat season now, but just a feast of MEME.
We have not yet seen a new MEME coin with a market value of 40 to 50 billion like the last round of SHIB.
Binance really started supporting MEME coin after NEIRO, and it has been only two months now.
I think in this cycle there will be a MEME coin that will perform higher than the previous round of SHIB.
The current round of MEME explosion is quite fierce, and many institutions and retail investors have not reacted yet, so now is not the high point, and there will be many new opportunities.
How much will PNUT rise?
I think in this bull market, PNUT's market value could conservatively reach $5 to $8 billion.
I have reminded you many times that after Trump's election, the market will continue to hype Trump transactions, which will have a strong money-making effect. We must change our thinking in time and follow the trend.
It is recommended to pay more attention to the MEME coin projects related to Trump and Musk. There may be many opportunities for 10x or even 100x returns.
Many people may not know much about the PUNT project, which is a squirrel that both Musk and Trump are concerned about.
The incident started when the Democratic Party sent a large number of police forces to catch a popular squirrel named Peanut.
The squirrel, which was very cute and had many fans online, was captured and euthanized.
This incident caused a huge response on the Internet, and Musk angrily criticized the government's corruption on Twitter.
He said: "Instead of catching illegal immigrants and murderers, the government is killing squirrels, but Trump will save them."
This wave of actions resonated widely and became a key event before the election.
Trump's eldest son, Donald Trump Jr., also said: "Peanut's death should catalyze real change."
At the same time, the PNUT token became popular on the Solana chain, with trading volume reaching hundreds of millions of dollars within a few hours. It was then listed on Binance, and its market value exceeded 2.5 billion US dollars.
On November 12, Musk was announced as the head of the Department of Government Effectiveness.
On the 13th, he wrote on Twitter: "A squirrel and a MEME coin saved America!" The squirrel played an important role in Trump's election victory, sparking dissatisfaction with the current government.
Musk’s tweet further enhanced the status of PNUT, allowing it to gain a status in the MEME coin market similar to DOGE during the 21-year bull market.
As Musk continues to speak out, PNUT's attention and trading volume continue to increase.
In the cryptocurrency world, besides BTC, the coins with the greatest wealth effect are MEME coins, such as DOGE and SHIB.
DOGE once reached a market value of $100 billion due to Musk's support, and SHIB also reached more than $60 billion.
The logic behind the funds surrounding Musk is simple: MEME coin is attention, and the world's biggest attention is Musk.
If DOGE in 21 represents entertainment and pop culture, then PNUT this time represents politics and reform, and is also a symbol of middle-aged Musk.
If we look back at the history of DOGE and SHIB, we can predict the trend of PNUT.
DOGE has been rising for six consecutive months during the Bitcoin bull market, with each wave of increase being 10 times, from 100 million to 100 billion.
SHIB also rose without a pullback, from hundreds of millions of dollars to tens of billions of dollars, rising for six months in a row, an increase of 100 times. This is the power of mad cows and Musk.
Therefore, in this bull market, we can expect how much PNUT’s market value will increase.
Please note that the above is just my personal experience and does not constitute any investment advice.
