Yesterday, an old friend from Yunnan called, crying uncontrollably. The Mercedes earned during the bull market is now just a bicycle, and even his wife's capital has been invested in a meme coin. I've seen this kind of story too many times - when the market is good, they think they are investment geniuses, and after a crash, they realize they are just chives in the market.
The crypto world is a battle, there is no warmth, surviving is the only chance for a comeback! Don't lose heart, think of Gou Jian, who endured humiliation and hardship for ten years before finally defeating the Wu state. If he had directly given up back then, how could there have been a later comeback? In contrast, King Fuchai of Wu, after victory, became arrogant and ultimately brought about his own demise.
So, in the crypto world, remember: patience does not mean giving up!
PNUT holders, be cautious, the situation of this coin is worth monitoring!
PNUT was born at the onset of the Trump Trade wave, witnessing the market's frenzy and being a typical 'star-making' token. When it was first listed on exchanges, it saw a daily increase of over 4 times, truly a legendary rise.
I still remember that many people were scrambling to buy into new offerings, especially after Musk promoted it on X, and the market's FOMO sentiment was nearly crazy. PNUT soared directly to its peak, establishing its star status. Unlike NOT, PNUT was born at the beginning of the bull market, boosted by the traffic of Trump and Musk, so its short-term explosion was expected, which is also a typical star-making phenomenon in the market.
Being deeply trapped in PNUT is not hopeless, but it is indeed suffocating.
The 'talisman' of the star MEME coin.
Star-making tokens are generally not easily delisted by exchanges, as seen with PEPE and SHIB, these former star MEME coins have now become veterans in the crypto world.
As the hype fades, many are deeply trapped, and the difficulty of getting out is high.
There are too many investors in the market who are deeply trapped. Do you think it can be resolved? This is hard to predict. But one thing is certain: there are still market makers in this pool. On February 25, one afternoon, PNUT soared from 0.18 to 0.3, which is a typical sign of market maker control.
One of the most tragic altcoins deeply trapped retail investors in 25 years.
How much selling pressure is piled up here? Many people bought in all the way down to 0.14, and while trying to buy, they got buried. In this situation, trying to push the price up is not easy, after all, market makers have to lift the price, which is basically like giving away money for free.
Good news: There are still market makers in the pool, and anything is possible.
Bad news: There are rumors in the market that PNUT might be delisted by exchanges, and exchanges are still reducing leverage... very anxious! Really very anxious!!!
