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Explosive Alert: Massive $PNUT Short Liquidation Strikes!
A $1,531.8 short position in $PNUT has just been liquidated at $0.83293, sending the market into a frenzy!
Short-sellers are getting squeezed as bullish momentum builds, potentially signaling the start of a major rally for this token.
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Key Details:
Liquidation Type: Short
Amount Liquidated: $1.5318K
Price Trigger: $0.83293
Market Shift: Bullish surge gaining traction.
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What's Happening?
This short liquidation suggests that $PNUT is gaining bullish strength, catching bears off guard.
As short positions unwind, buying pressure could intensify, propelling the price further up. The $0.83 level is now a critical pivot, with more upside potential if it holds.
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Next Moves:
1. For Buyers:
Watch for confirmation of a breakout above $0.84—this could trigger more buying momentum.
Set targets at $0.90 and $1.00, but be mindful of any pullbacks.
2. For Sellers:
Avoid new shorts—this market is showing bullish signs.
If you're already in a short, consider tightening your stop-loss and preparing for potential reversals if the price pushes higher.
3. For Day Traders:
Look for momentum continuation above $0.84. If volume increases, this could signal a strong rally.
Use small timeframes to catch swings and manage risk effectively.
---
PNUT is on the move! The short squeeze has ignited a wave of buying, and if momentum builds, we could see a surge.
Will you ride the wave or wait for a pullback?
#PNUTSurgeas
#BinanceAirdropsCATandPENGU
#MarketNewHype
#BinanceAlpha
#MarketNewHype
A $1,531.8 short position in $PNUT has just been liquidated at $0.83293, sending the market into a frenzy!
Short-sellers are getting squeezed as bullish momentum builds, potentially signaling the start of a major rally for this token.
---
Key Details:
Liquidation Type: Short
Amount Liquidated: $1.5318K
Price Trigger: $0.83293
Market Shift: Bullish surge gaining traction.
---
What's Happening?
This short liquidation suggests that $PNUT is gaining bullish strength, catching bears off guard.
As short positions unwind, buying pressure could intensify, propelling the price further up. The $0.83 level is now a critical pivot, with more upside potential if it holds.
---
Next Moves:
1. For Buyers:
Watch for confirmation of a breakout above $0.84—this could trigger more buying momentum.
Set targets at $0.90 and $1.00, but be mindful of any pullbacks.
2. For Sellers:
Avoid new shorts—this market is showing bullish signs.
If you're already in a short, consider tightening your stop-loss and preparing for potential reversals if the price pushes higher.
3. For Day Traders:
Look for momentum continuation above $0.84. If volume increases, this could signal a strong rally.
Use small timeframes to catch swings and manage risk effectively.
---
PNUT is on the move! The short squeeze has ignited a wave of buying, and if momentum builds, we could see a surge.
Will you ride the wave or wait for a pullback?
#PNUTSurgeas
#BinanceAirdropsCATandPENGU
#MarketNewHype
#BinanceAlpha
#MarketNewHype
PNUT Meme Coin Surges Over 20% Amid Coinbase Listing Plans
The Solana-based meme coin, Peanut the Squirrel ($PNUT ), experienced a significant price surge of over 20% following the announcement that Coinbase plans to include the token on its listing roadmap.
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Market Performance Highlights
The announcement drove PNUT’s price to $1.35, reflecting a 30% spike within 24 hours. The token’s market capitalization surged to $1.34 billion, surpassing other popular meme coins such as POPCAT and MOG COIN. Trading activity intensified during this period, with daily volumes reaching $1.5 billion, according to CoinMarketCap.
Coinbase and Other Listings
Coinbase’s decision to list PNUT has reignited interest in the meme coin sector. This follows earlier listings by Binance and Bitget, which also contributed to PNUT’s rapid rise in popularity.
Coinbase also announced the addition of Gigachad (GIGA), another Solana-based meme coin, to its listing roadmap. However, GIGA has not experienced the same market rally as PNUT.
---
Background and Market Dynamics
PNUT gained widespread attention after a viral social media controversy featuring a squirrel mascot named "Peanut." The token had previously reached a peak market capitalization of $2.4 billion.
Launched in early November via the Pump.fun launchpad, PNUT saw immediate success, including a rapid listing on Binance. Following the Binance listing, the token’s value surged by 300%, hitting an all-time high of $2.44.
---
Controversies and Challenges
Despite its success, the rise of PNUT and similar meme coins has not been without criticism:
1. Binance Criticism: Binance faced backlash for listing meme coins with low market capitalizations, with allegations of enabling pump-and-dump schemes. The exchange is also dealing with separate allegations of employee misconduct and bribery.
2. Pump.fun Scrutiny:
The Pump.fun platform, which hosted PNUT’s launch, has faced scrutiny for introducing a live-streaming feature that has allegedly been misused for financial scams.
Recently, Pump.fun blocked access to UK users following a Financial Conduct Authority (FCA) warning regarding unauthorized financial services.
Despite these controversies, Pump.fun has remained financially robust, generating $215 million in revenue and deploying over 3.8 million meme coins.
---
Meme Coin Market Overview
Meme coins on the Solana network have seen a surge in popularity throughout 2024. According to CoinGecko, the collective market capitalization of Solana-based meme coins now stands at $20.5 billion. PNUT has solidified its position as the 9th largest meme coin, with a current market capitalization exceeding $1.2 billion.
---
Conclusion
The inclusion of PNUT on Coinbase’s listing roadmap highlights the growing acceptance of meme coins by major exchanges, despite ongoing criticisms and regulatory scrutiny. PNUT’s rapid growth, fueled by viral marketing and strategic listings, underscores the evolving dynamics of the cryptocurrency market and the rising prominence of Solana-based tokens. As the meme coin sector continues to expand, the listing of such tokens on leading platforms like Coinbase reflects a broader trend of legitimization and mainstream adoption.
---
Market Performance Highlights
The announcement drove PNUT’s price to $1.35, reflecting a 30% spike within 24 hours. The token’s market capitalization surged to $1.34 billion, surpassing other popular meme coins such as POPCAT and MOG COIN. Trading activity intensified during this period, with daily volumes reaching $1.5 billion, according to CoinMarketCap.
Coinbase and Other Listings
Coinbase’s decision to list PNUT has reignited interest in the meme coin sector. This follows earlier listings by Binance and Bitget, which also contributed to PNUT’s rapid rise in popularity.
Coinbase also announced the addition of Gigachad (GIGA), another Solana-based meme coin, to its listing roadmap. However, GIGA has not experienced the same market rally as PNUT.
---
Background and Market Dynamics
PNUT gained widespread attention after a viral social media controversy featuring a squirrel mascot named "Peanut." The token had previously reached a peak market capitalization of $2.4 billion.
Launched in early November via the Pump.fun launchpad, PNUT saw immediate success, including a rapid listing on Binance. Following the Binance listing, the token’s value surged by 300%, hitting an all-time high of $2.44.
---
Controversies and Challenges
Despite its success, the rise of PNUT and similar meme coins has not been without criticism:
1. Binance Criticism: Binance faced backlash for listing meme coins with low market capitalizations, with allegations of enabling pump-and-dump schemes. The exchange is also dealing with separate allegations of employee misconduct and bribery.
2. Pump.fun Scrutiny:
The Pump.fun platform, which hosted PNUT’s launch, has faced scrutiny for introducing a live-streaming feature that has allegedly been misused for financial scams.
Recently, Pump.fun blocked access to UK users following a Financial Conduct Authority (FCA) warning regarding unauthorized financial services.
Despite these controversies, Pump.fun has remained financially robust, generating $215 million in revenue and deploying over 3.8 million meme coins.
---
Meme Coin Market Overview
Meme coins on the Solana network have seen a surge in popularity throughout 2024. According to CoinGecko, the collective market capitalization of Solana-based meme coins now stands at $20.5 billion. PNUT has solidified its position as the 9th largest meme coin, with a current market capitalization exceeding $1.2 billion.
---
Conclusion
The inclusion of PNUT on Coinbase’s listing roadmap highlights the growing acceptance of meme coins by major exchanges, despite ongoing criticisms and regulatory scrutiny. PNUT’s rapid growth, fueled by viral marketing and strategic listings, underscores the evolving dynamics of the cryptocurrency market and the rising prominence of Solana-based tokens. As the meme coin sector continues to expand, the listing of such tokens on leading platforms like Coinbase reflects a broader trend of legitimization and mainstream adoption.
"$PNUT
🚨⚠️🚨 Trading Alert: Brace for a Major Market Move"
#PNUTSelloff #PNUTInsights #PNUTRush #PNUTSurgeas
🚨⚠️🚨 Trading Alert: Brace for a Major Market Move"
#PNUTSelloff #PNUTInsights #PNUTRush #PNUTSurgeas
$PNUT Coin Price Prediction 🚀🚀🚀
Always DYOR before taking position. Goodluck
#AltcoinMarketWatch #PNUTSurgeas
Always DYOR before taking position. Goodluck
#AltcoinMarketWatch #PNUTSurgeas
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