The post Pudgy Penguins (PENGU) And FLOKI Investors Join The Bull Run For 50X Scalable 1Fuel Rapid Transaction Token appeared on BitcoinEthereumNews.com.
Memecoins investors are beginning to consider other tokens as market narratives are in favor of tokens with strong utility in the market. PENGU and FLOKI investors are now making the shift after a streak of profiting in the market and have turned to 1Fuel, as it is among the cryptocurrency investment market analysts expect to see a 50x rise. 1Fuel utility has been a focal point as it matches the current market narrative, with the most unique innovations its cryptocurrency wallet is expected to introduce to the market in 2025. PENGU investors on the look for options with greater potential PENGU investors are left with no other option than to reduce their exposure to the assets as they continue to achieve lower lows in the market. In the past month, CoinMarketCap shows that PENGU investors have lost a total of 31.28% as the market narrative turns against it. After trading into the resistance level of 0.025364, PENGU has dropped, and this fall could intensify should whales on the sidelines begin selling too. Some cohorts of market whales have already begun selling, as the PENGU netflow on Coinglass shows that $801,340 worth of the asset has been sold, which has added to the rejection at the earlier resistance. Should selling intensify, then Whales ’ declaration to move from PENGU to 1Fuel would be even more clear. FLOKI buyers record loss Coinglass liquidation data shows that FLOKI investors, who decided to bet on the asset seeing a price hike, have lost $18,140 in the last 24 hours. Analysts expect FLOKI’s decline to intensify soon, as the trading volume sees a significant drop of 53.82% to $12.49 million, as it approaches a support level at $0.00012963. A declining volume and price coinciding with a support level don’t appear good, as this downward momentum…