$PNUT $WIF $PEPE
Part of the SUI position from the afternoon has dropped from 4.2 to 3.9.
The two short positions opened are currently in profit.
The meme sector has been rising quite sharply these past two days; it feels like it's about to peak.
In a couple of days, we will know if that’s really the case.
Today, it seems that some people are already hyping pnut to tens of billions, reminiscent of when squirrel surged to 20 billion and people were talking about 100 billion. Clearly, there isn't the same level of popularity as before, and the market has started to fantasize.
Then, pepe also reached 0.15 today, and this increase is heading towards its previous high.
This indicates that the meme sector is experiencing extreme FOMO, and many people are afraid of missing out.
Anyway, my personal view is:
1. A real bull market definitely won't only see one sector rising, but rather sector rotation, with market funds flowing.
2. With tariffs being implemented, and Trump issuing new coins, smart people will definitely seek to hedge. This will inevitably lead to a correction, as mentioned this afternoon.
3. If new coins are really issued within these three days, funds will definitely flow to Trump's new coin, and the meme sector cannot continue to experience FOMO. The current hottest sector will see funds moving to new areas, which will definitely draw liquidity away.