$PNUT
Subsequent Market Analysis:
Let's briefly talk about PnuT, this squirrel. When it comes to squirrels, we must mention Musk, the soul character behind it. I'll leave a hint here and continue later.
First, let's talk about the origins of the squirrel. Ten days ago, this squirrel seemed to drop from the sky, and overnight, major exchanges rushed to list it, including Binance, OKX, BG, CRYPTR.COM, and so on, all of which listed PNUT one after another.
Thus, the squirrel started its listing with a crazy surge, skyrocketing over 200 times in just four days, with its market value reaching as high as 400 million dollars, attracting numerous coin friends to follow suit.
Recently, the altcoin that was sucked dry by the squirrel is no exception; the hype has sharply declined, and many friends are stuck at high positions, suffering greatly. There is hope for a quick unblocking, while some friends say this is just a 'leek coin' or a fake coin that is no longer viable.
Here, Jinbao would like to express his views.
I think most friends know that the squirrel has been supported by Musk more than once since its inception on the chain. Until this time, the surge after listing on various exchanges is largely attributed to Musk. It is well-known that this 'dog father' is a major supporter behind Dogecoin, and the squirrel's position in Musk's cryptocurrency is only second to Dogecoin. Therefore, the squirrel is also tightly connected with Musk's cryptocurrency.
As for the future trend of the squirrel, in the short term, it may need to continue to adjust for a while. It may only surge together when the altcoin market rebounds at the same time as the overall market adjustment.
In the long term, the possibility of Dogecoin and the squirrel being lifted again is still quite high, as the world's richest man is closely linked with the President of the United States. These two MEMEs are also closely connected with the world's richest man. As long as we wait until mid to late December when Trump fully takes over the real power of the U.S. government, Musk will surely benefit, and these two cryptocurrencies, which have been held by Musk, are likely to surge significantly with the positive news from the 'dog father.' Therefore, in the long term, Jinbao is still quite optimistic about DOGE and PNUT.
