$PNUT

The big pancake rebounds, but pnut doesn't follow, why? It's actually very simple, it's because the main force making the market not only doesn't inject money but also keeps distributing shares to retail investors who are bottom-fishing.

So many people have been asking about this coin; indeed, there are many retail investors and the popularity is high. Let me explain the current situation of pnut in detail.

Firstly, this coin came out from the first-level market of sol, and on-chain, you don't need a large amount of capital to push the market value to a high position (because the liquidity pool is very shallow). So when the market value is high, the main force actually didn't spend much capital.

Then it went to Binance, where larger market makers came in to take over. The resistance during this rise wasn't big because the sentiment was high + Musk's endorsement, so it surged from over 300 million in market value to over 2 billion. During this period, the turnover wasn't sufficient, and the foundation was unstable.

When the market value peaked, the media + the fomo crowd were all shouting that this is the counterpart of doge, and the main force began to distribute shares all the way down.

From the data, there has been continuous outflow up to now, and there are no signs of capital inflow. So even if pnut is really a good meme altcoin, the best trend right now is just a fluctuation where the main force retrieves the chips again. There's no way to directly push it up; any altcoin must have the main force involved to make the market, and it's very hard for retail investors alone to push a coin up.