A whale purchased 10 million PNUT tokens for over 6 million USD, representing 1% of its total supply. Following this, the token ROSE by 20%, bouncing off the critical support level of 0.6 USD.
Despite the whale’s activity, bearish market signals persist. Previously, after peaking at 2.5 USD, PNUT suffered a steep reduction of over 75%, affecting sentiment and recovery potential.
Technical indicators suggest rebound potential, but they remain below key averages. Current social media metrics indicate declining interest in PNUT, reflecting ongoing bearish sentiment.
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