There is a saying in the cryptocurrency circle: "As long as Musk is still active, there is still hope for the leeks." In this wave, even PNUT (Peanut Swap) has caught the vent of Musk's concept currency. Let's take a look at how Musk "takes the cryptocurrency circle on a rocket"!
PNUT: Can the “little peanut” in the cryptocurrency circle also fly?
PNUT, originally a token on the decentralized platform Peanut Swap, has recently carved out a niche because of its association with Musk. According to rumors, Musk mentioned Peanut in an unintentional interaction, and the cryptocurrency circle went crazy. The price of PNUT took off instantly, and the increase can be called a "miracle in the small coin world."
People joked: "These days, peanuts can go to the moon, so it's better to believe in Musk."
PNUT holders said: "Little peanuts hide great wealth, and I will be angry with anyone who calls it a garbage coin."
Musk's concept coin: A crazy world brought to life with one sentence
The craze for Musk’s concept coin can be summarized in a magical way: “People in the cryptocurrency circle don’t believe in the coin, they believe in Musk.”
• Dogecoin (DOGE): A veteran cryptocurrency influencer
Musk initially just forwarded a dog emoji, but DOGE became a star project in the cryptocurrency circle. Later, he even said that DOGE is "the universal currency of the earth", which made the price of the currency soar to a new height.
Leek quote: 'Don't ask how much a dog is worth, ask how Musk feels today.'
• Rocket Token: The name goes straight to the moon
Any coin with the word "Rocket" in it sounds like it has something to do with Musk. There is a rumor in the cryptocurrency circle: "If Rocket Coin doesn't rise, it will be useless to call it Musk's concept coin."
• X-coin family: When Musk changed his name, the cryptocurrency circle went crazy
Since Musk changed the name of Twitter to "X", various "X Token", "X Elon" and "X Moon" have been shipped directly from the factory. These coins have basically no technical support, relying only on Musk's name.
• Meme Coins: The funny part of the cryptocurrency world
From "Elon Shiba Inu Coin" to "Musk Dog Head Coin", meme coins make people laugh and cry. Many people became rich overnight with meme coins, while others became poor overnight.
What PNUT, DOGE and other concept coins have in common: all depends on the atmosphere
Whether it is PNUT or DOGE, the core logic of these Musk concept coins is: as long as the atmosphere is high, the price of the currency will soar.
• When Musk posts an emoticon, the cryptocurrency community automatically imagines a scenario: “This emoticon shows that he is hinting that a certain coin is going to rise!”
• Musk remained silent for a few days, and the leeks began to panic collectively: "Is he planning a big move? Stock up on coins!"
• Even if Musk really did nothing, the market could create the illusion that he was “going to do big things.”
The psychological warfare of the leeks in the cryptocurrency circle: happy when the price goes up, silent when the price loses
The leeks in the cryptocurrency circle always have their own logic:
• When the market is rising: ‘I saw the trend right this time, it’s great!’
• When it falls: ‘Musk didn’t tweet, don’t blame me.’
• After being cut: ‘The cryptocurrency world is ultimately a test of faith.’
Especially for seemingly "unpopular coins" like PNUT, after a sudden surge, there are always people who realize: "I should have bought some earlier!" And the leeks who bought it may proudly say: "This coin has no value, but I bet on Musk's hint."
Conclusion: When the cryptocurrency world becomes the entertainment world
Some people say that the cryptocurrency world is the "advanced version of the entertainment industry". Musk is the best actor on the stage, and we, the leeks, are the audience who keep applauding from the audience.
But don’t forget:
• If you hold Musk concept coins such as PNUT, congratulations on catching the hot spot! But next time, don’t forget to distinguish between “hot spots” and “bubbles”.
• If you are just watching the craziness, you might as well sigh: "The imagination of the cryptocurrency circle is even bigger than that of the technology circle."
