CandleFocus Over $1 billion inflows into Pnut in a day; Should you follow suit?
2024-11-13
Author: Content Editor
Peanut the Squirrel (PNUT), a meme cryptocurrency based on the Solana blockchain, has gained significant attention from investors. With a market capitalization of $1.69 billion, PNUT has seen a surge in price, increasing by over 240% in the past 24 hours and over 1,200% on the weekly chart. Listing on major exchanges like Binance and Bybit has increased the coin's visibility and liquidity, attracting investors driven by FOMO. Despite its strong performance, caution is advised as the 14-day RSI suggests PNUT may be overbought and susceptible to a pullback.
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