After an extended period of consolidation and correction, $PNUT appears to have found solid support, stabilizing around the $0.70 mark.
The token is now showing signs of a potential breakout as 2024 comes to a close.
With a market-wide rally expected to kick off in early 2025, $PNUT is emerging as a strong contender, fueled by growing investor confidence and significant activity from high-net-worth players.
By $PNUT 🚀
After a long period of consolidation and correction, $PNUT has found strong support and is showing signs of a breakout, currently holding steady around the $0.7 mark.As 2024 wraps up and we step into 2025, a market-wide rally is on the horizon, and $PNUT is leading… pic.twitter.com/NgZnagmO4z
— CoinOrbitX (@CoinOrbitX) December 30, 2024
In a notable development, a whale identified by the address “FFDAa” made their first $PNUT purchase just 20 minutes ago. The investor withdrew 10 million $PNUT tokens (valued at $6.1 million), equivalent to approximately 1% of the token’s total supply, from Binance. This substantial accumulation highlights the growing interest in $PNUT as a key asset in the evolving market landscape.
Following the withdrawal, the whale transferred nearly all the acquired tokens to wallet address “76yGJ.” This wallet has now become the 6th-largest non-exchange holder of $PNUT, further solidifying the position of long-term investors within the ecosystem.
By $PNUT 🚀
After a long period of consolidation and correction, $PNUT has found strong support and is showing signs of a breakout, currently holding steady around the $0.7 mark.As 2024 wraps up and we step into 2025, a market-wide rally is on the horizon, and $PNUT is leading… pic.twitter.com/NgZnagmO4z
— CoinOrbitX (@CoinOrbitX) December 30, 2024
As market conditions turn increasingly bullish heading into 2025, $PNUT’s potential to lead the rally is becoming evident. The token’s ability to maintain strong support and attract influential investors underscores its growing appeal. With heightened activity among whales and optimistic sentiment from the broader crypto community, $PNUT is well-positioned for a breakout, making it a token to watch in the coming months.
Investors are keeping a close eye on the next moves by key holders, as the increasing concentration of $PNUT among large wallets could set the stage for significant price action in the near future.
Big $Pnut accumulation detected!
Whale “FFDAa” withdrew 10M $Pnut ($6.1M), ~1% of the total supply, from #Binance 20 minutes ago.
Notably, this marks the whale’s first $Pnut accumulation.
The whale has since transferred nearly all $Pnut tokens to wallet “76yGJ,” now ranked as… pic.twitter.com/2n5ABkl1Iq
— Spot On Chain (@spotonchain) December 30, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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