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Recently noticed that PNUT's on-chain activities are quite interesting.
Dex is experiencing outflows, but new wallets are showing up with giant whales starting to accumulate. Major players on the exchanges are also busy, continuing to scoop up and then transfer to their own wallets.
It looks like long-term players have started to enter the market.
After this serious overselling, smart money has been quietly positioning itself. When market sentiment is cold, it is often a time for the redistribution of chips.
Smart money is different—while retail investors are panic selling, they're positioning themselves.
This PNUT move is indeed interesting, let's wait and see what happens next.