Close Menu
    What's Hot

    Cardano Price Prediction Next Bull Run: Expert Analysis and Targets for 2025-2026

    July 1, 2025

    Nobitex Hack: $90M Crypto Destroyed in Political Cyberattack

    June 20, 2025

    Cardano Joins Brave Wallet: ADA Gains Access to 86M Users

    June 20, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram
    Trending
    • Cardano Price Prediction Next Bull Run: Expert Analysis and Targets for 2025-2026
    • Nobitex Hack: $90M Crypto Destroyed in Political Cyberattack
    • Cardano Joins Brave Wallet: ADA Gains Access to 86M Users
    • Crypto Price Predictions June 2025: BTC, ETH & Top 10 Altcoins
    • BNB Chain Beats Solana: $10B DEX Volume Surge from Binance Airdrops
    • Cardano Price Risks Breaking $0.50 Support as Bearish Pressure
    • Top Crypto Airdrops June 2025: Yupp, Arch Network & Warden Guide
    • Bitcoin ETH XRP Price Analysis: Geopolitical Tensions Impact
    Facebook X (Twitter) Pinterest
    • News
      • Bitcoin News
      • Altcoin News
      • Ethereum News
      • Blockchain News
      • Cardano News
      • Exchange News
      • Metaverse News
    • Market
      • Price Analysis
      • Price Prediction
      • Ripple
      • Technology
    • Investing
    • Featured Coins
      • Meme Coin
      • Top Coins
      • Stablecoins
      • Airdrops
      • Casino
    • Finance News
    • Press Release
    Home » PNUT Meme Coin Sells Off After CZ Criticizes Hype
    Meme Coin

    PNUT Meme Coin Sells Off After CZ Criticizes Hype

    Ali RazaBy Ali RazaNovember 27, 2024Updated:November 27, 2024No Comments0 Views
    PNUT Meme Coin Price Decline
    Share
    Facebook Twitter LinkedIn Pinterest Email

    PNUT Meme Coin Price Decline Solana-based Peanut the Squirrel PNUT$1.09 meme coin experiences a lot of selling pressure. Thus, the price fell by 10% in the last 24 hours, with its weekly decline reaching over 36%. At the time of writing, PNUT is trading at $1.08 and has consistently remained on the same level since it hit a record high of $1.95 in mid-November.

    A study of the PNUT/USD 12-hour chart indicates a sharp rise in sell-off for the meme coin. PNUT’s T price is below the red line of its Super Trend indicator. This indicator measures the overall direction and strength of asset price trends.

    PNUT Coin Shows Bearish Momentum

    The Super Trend indicator serves as a gauging tool on which price action plot, with color changing according to the trend’s direction: red stands for the downtrend, and green represents the uptrend. The red line above the asset’s price indicates that the bearish momentum persists and the downtrend continues.

    PNUT Coin Shows Bearish Momentum

    Moreover, the Relative Strength Indicator (RSI) for the PNUT meme coin under 50-neutral smiley face, therefore, sellers are more active. The Relative Strength Index (RSI) of 45.81 in case of PNUT hints at the buying momentum weakening, hence there is a probability that the price will further shrink.

    PNUT Meme Coin Price Decline is, at present, priced at $ 0. 97, which is reflective of the measurable support value. In the case of a breach of this support, the stock can descend to $0.5, the next support level. Finally, breaking this level could carry it to its all-time low of $0.03.

    CZ Criticizes Meme Coins, Urges Focus on Blockchain Use Cases

    Binance founder Changpeng Zhao has been calling for the crypto community to give up its obsession with meme coins and focus on helpful blockchain projects in the real world. On November 26, Changpeng Zhao came out openly to show his irritation with the development of meme coin ecosystems. In a post on X, he commented that meme coins have gone from being funny in the early days to getting weird.

    Many of Zhao’s followers approved of his idea of working on decentralized applications (DApps) rather than exploiting hype to profit. Nonetheless, some detractors accused Binance of listing meme coins that do not have clear-cut utility; this is one of the issues that his former crypto exchange faced.

    In contrast, some people felt what Binance’s crypto derivatives platform, Binance Futures, is doing should be doubted by putting up additional meme coins. They announced meme coins, WHY, and CHEEMS, listing on Monday, November 26. A day after these coins hit the exchanges, their market prices collapsed.

    Consequently, after CZ remarks on meme coins were released, the selling pressure on this sector became very strong. Major meme coins include dogecoinDOGE$0.39, Shiba InuSHIB$0.000025Pepe CoinPEPE$0.000018, and Bonk.

    In Summary

    PNUT meme coin has been the target of massive selling pressure, losing 10% in 24 hours and more than 36% weekly. The coin is trading at $1.08 and is demonstrating bearish characteristics due to the declining RSI and its potential to drop to lower support levels. Binance CEO CZ noted the emphasis on meme coins calling for a change to a more practical approach to blockchain technology, inspiring massive sell-offs that were felt by the entire sector.

    [sp_easyaccordion id=”4114″]

    PNUT Coin Shows PNUT Meme Coin Price Decline
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Ali Raza
    • Website

    An enigmatic character in the crypto community, Ali Raza has written extensively about the coinz4u and all its facets. Some think he's a hacker, while others think he's a trader. His words have the power to shift markets, and his writing is like a key that unlocks the mysteries of the crypto world. The tales told by Edyme are like enigmas in a cryptography book. But at his core, who is he? Like the renowned Satoshi Nakamoto, some think he's using a pseudonym.

    Related Posts

    Stellar (XLM) to USD Live Price, Market Trends & Future Outlook

    May 20, 2025

    Altcoin Season 2025: Key Charts Reveal a Crypto Market Shift

    May 14, 2025

    Dogecoin vs Trump Coin: Meme Coin Frenzy and Market Volatility

    April 30, 2025

    Comments are closed.

    Top Posts

    Cardano Joins Brave Wallet: ADA Gains Access to 86M Users

    June 20, 2025714

    Crypto Price Predictions June 2025: BTC, ETH & Top 10 Altcoins

    June 19, 2025663

    Nobitex Hack: $90M Crypto Destroyed in Political Cyberattack

    June 20, 2025656

    Cardano Price Risks Breaking $0.50 Support as Bearish Pressure

    June 18, 2025218
    Don't Miss
    Cardano News

    Cardano Price Prediction Next Bull Run: Expert Analysis and Targets for 2025-2026

    By Ali RazaJuly 1, 20257

    The cryptocurrency market is heating up, and investors are eagerly searching for Cardano price prediction…

    Nobitex Hack: $90M Crypto Destroyed in Political Cyberattack

    June 20, 2025

    Cardano Joins Brave Wallet: ADA Gains Access to 86M Users

    June 20, 2025

    Crypto Price Predictions June 2025: BTC, ETH & Top 10 Altcoins

    June 19, 2025

    Coinz4u is a modern cryptocurrency news and analysis platform launched in 2024. We provide real-time updates, market insights, and in-depth articles on Bitcoin, Ethereum, altcoins, and blockchain trends. Our mission is to deliver accurate, timely, and user-friendly content to help readers stay informed and make smarter decisions in the ever-evolving crypto world.

    Facebook X (Twitter) Pinterest
    Most Popular

    Cardano Joins Brave Wallet: ADA Gains Access to 86M Users

    June 20, 2025714

    Crypto Price Predictions June 2025: BTC, ETH & Top 10 Altcoins

    June 19, 2025663

    Nobitex Hack: $90M Crypto Destroyed in Political Cyberattack

    June 20, 2025656
    Pages
    • About Us
    • Advertise With Us
    • Coinz4u – Latest Cryptocurrency News and Analysis
    • Contact Us
    • Privacy Policy
    • Terms and Conditions
    © Copyright 2025 Coinz4u. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.