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PUFFER, this coin, surged violently by 30.44% in a single day—seems exciting at first glance?
But if you look at its “medical record”: on December 7th last year, it was still standing tall at $0.997, only to plunge straight down to $0.059 by December 1st this year—a drop of over 94%. And now this little rebound? It’s not even a tenth of the previous high. It’s like suddenly jumping twice in the ICU and claiming you’re ready to leave the hospital and run a marathon.
Let’s look at the data: a market cap of $27.44 million, with a 24-hour trading volume of $23.76 million. The trading volume to market cap ratio is as high as 86.61%. What does this mean? There are basically no stable holders in the entire market—just short-term funds frantically trading back and forth. This is a project with a max supply of 1 billion tokens, only 324 million currently unlocked, leaving nearly 70% of the tokens waiting to be unlocked and dumped on the market.
This typical “pump and dump, unlock and dump again” cycle is all too common in a bear market. All these fundamentally weak altcoins that suddenly surge are essentially testing how many rookies with short memories are still in the market—and whether your wallet can survive the next round of harvesting.
Stay rational and steer clear of these “zombie pump” games.