Pnut’s holding of coins is particularly unhealthy. There are only more than 6 million tokens in the first-level pool, and there are more than ten addresses holding more than 6 million coins, not to mention other addresses holding hundreds of thousands or even hundreds of thousands of coins. This shows that the selling pressure from large investors is huge.
The liquidity pool of pnut level 1 is abnormal. During the period of sharp rise in the price of the currency, the pool becomes thinner and thinner. The thinner the pool, the more drastic the rise and fall of the corresponding currency price. Although it is a short-term surge, it is not conducive to long-term development. During the period of oscillating downward movement of the currency price, the liquidity of the pool is inexplicably thickened. This is a typical "hand-over" link.
Even now, this guy can't cash out hundreds of millions. The total liquidity in the primary market is only 25 million dollars. It's all "paper wealth", which will shrink quickly when the downward trend is stepped on!
What is the current price of pnut coin and what will be the subsequent development?
If big investors want to cash out, the most direct, simple, and also the stupidest way is to simply sell off their positions. However, the pool is not deep enough, so they definitely cannot cash out that much money.
Because what is shown on the account is paper wealth, which is the difference between market value and liquid market value.
Big investors can only cash out slowly, exchange hands with retail investors, and make some money from the contracts at the same time.
How did you do it specifically?
For example, if pnut2.5 suddenly drops sharply, it is the sell order placed by the big investors. The big investors sell the spot and can open a short position at the same time. Then the retail investors follow up and buy at the bottom, and the price goes up again! The turnover is completed.
At the same time, large investors can also cash out by increasing or decreasing liquidity. In the initial rising stage, liquidity can be reduced to further promote the height of the surge. In the mid-term cashing out stage, the coin price fluctuates widely (when the coin price is high, reduce liquidity and directly sell the spot to cash out; when the coin price is low, add liquidity to ensure that the coin price is relatively stable while changing hands through liquidity!)
Similar to this is Babydoge, which was also called by Musk at that time. The subsequent market trend was short-lived and fell back in two days!
There is no connection between spot and contracts!
Then Xiao Ming will ask, why can doge and shiba rise so much just because of Musk's orders? Why can't pnut do so well?
There is still a lot of gap between coins. Most of the time, the increase of pnut is on the chain, so it can be understood as the original first-level currency.
The first-level get-rich-quick coins are divided into three categories:
The first unreachable coin;
The second coin that can be grasped;
The third coin with a good background.
Out-of-reach coins: The news is always one step ahead of you, and by the time you know it, it has already reached a high point.
(For example, the People Auction Constitution in 2021 saw a sharp rise, although it remained sideways for 3 years afterwards. My god. Babydoge also counts!)
Then you keep searching on the chain, which can also be divided into two situations.
If you don't know how to play Tugou (the abbreviation of first-level currency), you can buy a few tens of U each and lose it quickly. There are thousands of projects on the chain every day, and anyone can issue coins. I have issued two coins, but I lost 30,000 yuan in Tugou at the beginning.
If you are good at playing local dogs, it is even more impossible to encounter it. Because just looking at the holding address of this project, I will never buy it. Either I will make a profit and leave!
Just take a look at this kind of coin, you can also understand it as a Ponzi scheme, a fake "one wave flow". It's not that the project is so good, it's all based on word-of-mouth marketing.
Coins that can be grasped: This kind of coin needs to stay in the circle and wait patiently. This kind of coin has at least two waves of market instead of one.
Back to "Why won't pnut be the next doge, shiba"?
There are two types of level one, which have greater prospects.
One is technology iteration, the other is concept update.
doge developed the meme coin concept, the zoo.
For example, do you remember the inscription from not long ago?
The first time the big pancake chain appeared was at the end of April 2023, and it exploded in October. The few months in between were enough to buy slowly, and it was not a flash in the pan.
The same thing happened with the launch of DeFi on the Ethereum chain 20 years ago. The first new concept, YFI, doubled its value by millions in the bear market.
The last coin with a legitimate origin has to be purchased on a foreign public offering platform.
Generally speaking, coins that can be listed have no problems with the technical background, and some of them have a high probability of being listed on exchanges.
After 21 years of bull market experience, Apollo platform is in the midst of the "metaverse fever". Sol Chain's first metaverse project opened at 120 times and took 100 times the profit.
Later, I played with several first-level coins in Binance Labs (Binance's first-level incubator), and all of them made money. Two of the coins were listed on Binance, one was removed halfway and seemed to be called any, and the other was still called chess.
The average profit from Binance Lab's coins ranges from several times to ten times. Those who buy first-level coins on the public offering platform have not lost money so far.
The last one was when the bear market was about to begin. Starshark from Binance Labs was whitelisted and its price increased 10 times. Then gamefi doubled and the coin price doubled. Until now, I haven’t played much in the primary market!
