PNUT (Squirrel Coin) has the potential to double, here are several key reasons:

1. **Clear signs of major players accumulating**: Within the price range of 0.19 to 0.23, trading volume has significantly increased, but the price has not risen noticeably, indicating that major players are pressing prices to accumulate.

2. **Catalysts from hot events**: The first White House cryptocurrency summit held by Trump may lead to a surge in American concept cryptocurrencies, and PNUT, as a related currency, is expected to benefit.

3. **Deep corrections, sufficient retail investor washout**: PNUT has fallen over 90% from its historical high, and retail investors' holdings have been significantly washed out, resulting in more concentrated market chips.

4. **Strong community consensus**: The basic consensus and explosive potential of the Squirrel community remain strong, providing solid support for the price increase.

5. **Strong resistance to declines, excellent rebound performance**: Every time the market rebounds, PNUT's performance has outperformed other cryptocurrencies, while also showing strong resistance during downturns.

In summary, as long as Bitcoin can maintain its current trend, PNUT is a high-cost performance investment opportunity that deserves attention and participation.