I see a lot of people are confused right now about what's the future of $PNUT .
Let me illuminate what's actually happening. Everything I say here, you can go and check in the solschain.
Analysing all the data we have so far, we see that there are more selling wallets than buying wallets right now. But the buying wallets are buying more amount of #PNUT than the selling wallets are selling. This is wonderful to see, and as result, we have this crystal-clear accumulation phase happening right now between 1.5$ to 2$ for the past couple of days.
If the buying wallets can buy more than the selling wallets are selling, considering the number of selling wallets greater than the number of buying wallets, we can conclude that we have powerful (and thus smart) wallets/money being invested. They are buying dips. Logically and historically, this fact makes it really unlikely for us to see a strong pullback or something like a crash.
Additionally, since it listed on Binance, the number of new investors only grew. Therefore, we see this stabilisation of the token's value within this range of prices.
Binance is shaking it up and down within this range to try to wipe out all the short positions, liquidating and triggering Stop-Losses. Why? Well, because it increases the number of transactions, so that more people pay these small fees.
A breakout to an uptrend is just a matter of "when?". And it can happen at any moment. Do not underestimate this toke. And avoid shorting.
Are you accumulating $PNUT ?