PNUT has indeed fallen sharply recently, and many people are asking how to view this situation.
First of all, it takes only 13 days for PNUT to break through $1B in market value from its birth, setting a record for the fastest break of $1B in the meme field. On the chain, there are many players with high floating profits. The chips of these players have not been cleaned, and it is impossible for the main force to pull the market.
You can refer to the experience of SHIB and PEPE. The trend of the two coins was also very strong at the beginning, and they were listed on Binance very quickly. After listing, the chips went through a long period of consolidation.
SHIB encountered the 519 crash
PEPE was born in a bear market.
These two coins consolidated for 4 months and 6 months respectively after the plunge before they began to really rise.
PNUT is relatively lucky. It was born in a bull market, and the consolidation period may not be as long as SHIB or PEPE.
During this consolidation period, if the holder opens a leveraged contract or holds a heavy spot, the holding process is often not very comfortable. Even if the price of the currency eventually rises, it is likely that people will choose to get off the train early due to excessive suffering. Therefore, for most investors, it is very important to control their positions and reduce risks.
If you are optimistic about a certain target and decide to bet heavily, then you need to bear the corresponding fluctuations. To do this, you need to have a very strong psychological endurance. For most people, the solution is to reduce the risk of exposure so that they can accept the pain of consolidation and washing.
From a profit perspective, a 10% position increase of 10 times and a 100% position increase of 100% are the same, but the former may not hurt you, while the latter will be in great pain.
As for my expectations for PNUT, at least in this cycle, I think it has the potential to become the leader of meme-type coins in the SOL ecosystem, and even have the opportunity to enter the $10B meme club with DOGE, SHIB, and PEPE, becoming the four kings of meme.
Judging from the political narrative, the popularity in the market and the popularity outside the market, Squirrel Coin has the potential to achieve this goal, but whether it can be realized in the end depends on the market trend and external factors.
#美联储12月份降息预期上升 #XRP逆势反弹