Can #PNUT still be bought at the bottom?
Since its launch on #Binance, $PNUT price has fallen by 70%, market value has dropped from $2.27 billion to $752 million (a decrease of 66%), and daily trading volume has dropped from $5.777 billion to $530 million (a decrease of 92%).
In the past 5 days, a total of 57.49 million $PNUT were sold on #Binance.
Analysis of Binance leverage data
1️⃣ Growth rate of leveraged stock:
The peaks occurred on 11/30, 12/13, and 12/16, reaching 6.1%. Whenever this peak is approached, market fluctuations will be triggered.
When the bottom rebounded on 12/20, there was also an upward trend.
2️⃣ Bullish trend:
Since 12/18, long orders have gradually increased, but there has been a pullback since 12/21, indicating that the bulls have begun to take profits.
On-chain data overview
🔹 Total coin holding addresses: 79,079
🔹 Top 10 holdings: 694 million (69.4% of total)
🔹 Largest holding wallet: #Binance , holding 425,185,442 (42.52%)
🔹 Top 100 holdings: 89.35%
🔹 Top 100 average purchase price: $0.22078 (floating profit 243.2%)
Large investor movements 🐳
20th coin holding address:
📉 1 day ago, sold 25K $PNUT at an average price of $0.67;
💰 Current holdings: 4,972,144;
💹 Average cost price: $0.04; floating profit: $3.53 million.
📍 Address: J9HqxT4U39B45YcXxL4B1GZzdhSrXFr2N2Lam4bXrQeB
