MEME Coin Speculation Warning: Taking $PNUT as an Example
The explosive popularity of $PNUT (the Internet Celebrity Squirrel Coin) can be seen as a model for MEME coin speculation.
It is based on the story of an engineer rescuing the Internet celebrity squirrel Peanut seven years ago, and launched as a public welfare IP on the Solana chain. Although there is no substantial technical support, it quickly attracts attention through emotional marketing.
With the market warming up and the Solana chain having a natural environment for speculation, these emotionally-driven tokens can easily trigger a following frenzy. However, caution is needed as large holders selling off can instantly drive its value to zero.
When participating in speculation, be sure to enter and exit quickly, set strict stop-loss limits, try small positions, and avoid blindly chasing high prices due to popularity to prevent becoming the last one holding the bag.
