Is Pnut's rise really welcoming the bull market or is it just the whales manipulating the prices?
On February 25, there was a massive short liquidation event with astonishing numbers! A total of approximately $1.5523K was liquidated, with each token priced at $0.1788! 🐮
This sudden event indicates that the market is undergoing drastic changes, which could have far-reaching effects on $Pnut. Short sellers are under tremendous pressure, and nearly 60,000 people were liquidated in the market last night, marking a new height in market volatility. Does this mean that a larger event is about to unfold?
With the liquidation of short positions, there could be significant price fluctuations ahead, as new buyers and sellers may quickly enter the market, anticipating dramatic movements driven by large whales!📉