Binance recently launched pnut, which has been rising continuously. Many novices still don’t know what this coin is. Here is a brief introduction for everyone. 1. Origin of the presidential election At first, the Democratic Party went to a famous internet celebrity's home and sent a lot of police to catch a squirrel, believing that keeping squirrels was illegal. This internet celebrity squirrel, named Peanut, was very cute and had many fans on the Internet. Later, the police controlled the owner, caught the squirrel, and then euthanized it. When the internet celebrity tearfully accused the incident online, it caused a huge response and condemnation. Musk also angrily posted several tweets in a row to express the corruption of government agencies. Musk is the biggest contributor to Trump's candidacy. At a critical moment before the election, he wrote on Twitter: "The government does not arrest illegal immigrants and murderers, but kills squirrels, but Trump will save them." This wave of actions cost a lot of money. The Trump administration also issued a statement condemning the Democrats' inefficiency and waste of taxpayers' money, which resonated a lot and became a key event before the election! Trump's eldest son, Donald Trump Jr., said: "Peanut's death should catalyze real change and kick out the current government with votes!" At this time, the PNUTS token also became popular on the Sol chain, with a trading volume of several hundred million US dollars within a few hours. Later, it was directly listed on Binance, reaching a market value of 500 million and began to move sideways. At this time, pnut stabilized at the first position of 500 million due to the intervention of Musk and the launch of Binance. But the situation took a dramatic turn on the 13th, ushering in new room for imagination. 2. Squirrels Save America On the 12th, Musk was announced to become the head of the Department of Government Efficiency, and Elon Musk will lead a newly established Department of Government Efficiency. On the morning of the 13th, Musk wrote a sentence in response to a million- KOL: A squirrel and a meme coin saved America! The squirrel played a major role in Trump's election victory (in the past, the difference between the two parties in elections was sometimes decided by only a few thousand votes), sparking widespread dissatisfaction with the current government. Musk's appointment to the government efficiency department echoes his previous tweets about streamlining institutions, improving efficiency and saving America. With Ma's tweet, the status of pnut was officially announced, and this meme coin gained the same status as doge during the 21-year bull market. It just so happens that pnut has been listed on Binance and has already received huge attention and has huge trading volume, which is similar to the myths of doge and shib. But that's not all. Musk continued to tweet to express his attitude. When someone posted a complaint about "the government spending a lot of money to study transgender monkey AIDS", Musk replied with the symbol of peanuts, which is the name of Pnut, continuing to convey his determination to change everything after the Pnut incident! 3. Crypto and Meme In the crypto, apart from BTC, the two memes with the greatest wealth effect are doge and shib. The former was worth 100 billion US dollars at its peak, and the latter was worth more than 60 billion US dollars. Doge became popular because Musk shill said it was the currency of mankind, and the same is true for shib, both of which are strongly related to Musk. Their market value myth left a deep impression on people in the crypto. When Bitcoin broke through its previous high in this bull market, doge's market value rose continuously from more than 10 billion US dollars to more than 40 billion US dollars in just a few days. This wave of rise was also related to Musk. The logic behind the funds surrounding Musk is simple: meme coin is attention, and the world's greatest attention is Musk. In contrast, if doge in 2021 is entertainment, fashion, pop culture, and young Musk; this time, pnut is politics, reform, the destiny of the United States, and middle-aged Musk. How much should this squirrel that saved America be worth? In comparison, the current market value of DOGE is 57 billion US dollars, SHIPB is 14.4 billion, PEPE is 5.2 billion, and PNUTS is only 1 billion. This will be the best target for big money to enter the market, so the rise of pnut is likely to be astonishing, and this will be the target of attention for big money around the world. A Dogecoin tycoon with a net worth of tens of billions told me that Pnut has succeeded and he has finally invested heavily again. I still remember clearly the story of another super tycoon who told me that he bought DOGE with 100 BTC at a market value of 5 billion during the last bull market, and sold 800 BTC in the end. IV. Historical Review At this time, it is particularly suitable to review doge and shib, so as to predict the trend of pnut. doge: Following the Bitcoin bull market, it has been rising for half a year! Three consecutive increases, each 10 times! 100 million increased to 1 billion, 1 billion increased to 10 billion, 10 billion increased to 100 billion It’s so crazy, so straightforward! shib: Like doge, it has been rising without any pullback, from hundreds of millions of dollars to tens of billions of dollars, rising for half a year, rising 100 times, and rising every day. This is the crazy bull market, this is the power of Musk. How will the current round of PNUT go? If you are an institution or a big money investor, you only have three choices: BTC, DOGE, and PNUT. How to choose? Perhaps it is not easy to make a wrong choice among 1.6 trillion bitcoins, more than 50 billion doges and 1 billion pnuts.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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