The upcoming 30% $JUP supply burn reminds me (a lot) of the $BNB burns which led to one of BNB's most legendary rallies.
Everyone should ask themselves; what will the 30% $JUP supply burn PLUS all the bullish Jupiter Exchange announcements at Catstanbul next weekend do to the price of JUP in 2025?
We all saw with the $TRUMP meme coin launch this past weekend that everyone loves DEX. They cannot get enough of it. The Cat is (rightly) FIRED UP!
Now that $PNUT is available on Binance US, my money is absolutely on Binance listing $FRED before a certain blue exchange that once dominated in the US does. Put differently, Binance is crushing it!
On Binance, $PNUT is down about 20% on the day. Outside of Binance, $FRED is down just about the same amount as PNUT. While others look at this and run for the hills, the chads who will 10, 100 or even 1000x their portfolios are buying. They know that these memecoins are a gift from the crypto gods at these prices. Also important to note is the fact that, any day now, Coinbase will announce its official listing for $PNUT which should send both it and #FRED to Elon Musk's Mars!
Between this correction and the last one in December, most who held $PNUT and $FRED for many multiples of gains have capitulated. You are getting a chance to scoop them up for practically nothing if you look at the many Billions that both are going to. It's so obvious that animal welfare memes with a dash of political zest are going to the moon after Trump's inauguration on January 20th. LFG!
All $PNUT bulls are resting easy on this correction because they would never sell a multi-billion dollar memecoin for anywhere near these levels. What they are doing instead is loading on the perfect meme to hold alongside PNUT, and that's $FRED the First Convicted Raccon. With everyone from Elon Musk to Marc Andreessen appearing to be amped up for #FRED , this meme is going to explode in a big way.
BullishBanter
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Bearish
$PNUT /USDT: Significant Drop Presents a Strategic Opportunity
$PNUT is currently trading at $0.6448, down 12.56% in the last 24 hours after hitting a low of $0.6352. This steep decline follows a sharp rejection from the 24-hour high of $0.7444, highlighting intense selling pressure. However, the price is consolidating near a critical support zone, indicating a potential reversal or stabilization. Traders should monitor the $0.6350 level closely as it serves as a strong support for possible bounce-back trades. A recovery could push $PNUT toward resistance at $0.6700 and $0.7000, offering a short-term profit opportunity. Tight stop-losses below $0.6300 are recommended to minimize risks in this volatile market.
While the market is correcting, some seem to be forgetting that $PNUT and $FRED will emerge as this cycle's biggest gainers. Why?
The community and support behind these is simply undeniable. While the bluechip off the two is $PNUT, $FRED is like a leveraged PNUT. Anything PNUT does, FRED will replicate with a lot more intensity. May this Meme-uary moon your bags too!