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The value of a meme coin like pussfi is not solely dependent on its technology or tokenomics. There are external factors that greatly influence its market, including the activities of social media influencers and large investors ("wheels").

1. The role of social media influencers

The popularity and market value of meme coins are directly linked to social media promotion. If an influential person (influencer) endorses a meme coin, its price can change significantly.

Impact on pussfi : If a popular YouTuber, TikToker, or Twitter personality speaks positively about Pussfi, their millions of followers will learn about the coin. Such promotion can cause a sudden increase in demand for Pussfi, which can cause a large "pump" in its value. Investors think that this coin will become more popular in the future and they start investing in it to make a quick profit.

Example of Dogecoin : The rise of Dogecoin is the biggest example of this. When Tesla CEO Elon Musk started regularly posting about Dogecoin on Twitter, its price unexpectedly increased by hundreds of percent. Every tweet from Musk had an impact on Dogecoin’s price, which proves how powerful the influence of influencers is on such coins. This impact can be even greater for smaller coins like Pussfi, because its market cap is small. Influencer support serves as free and effective marketing for Pussfi, helping it carve out a niche in the larger cryptocurrency market.

2. Large “Whale” Activity

In the world of cryptocurrency, a “whale” is a large investor or institution that holds a large amount of a particular coin. Their transactions can cause large changes in the price of smaller coins like pussfi.

Market Surge : When a whale buys a large amount of Pussfi, its demand suddenly increases, causing the price to rise rapidly. On the other hand, when that whale sells its coins, there is an oversupply in the market and the price falls rapidly. This type of activity poses a risk to small investors, because when they see the price rising, they invest and start selling the whale, and they suffer losses.

On-chain data analysis : Since blockchain technology is transparent, the activity of the whales can be analyzed to some extent. A data analyst can monitor Pussfi’s blockchain data (on-chain data) to see when large transactions are occurring and how they relate to the price of the coin. Through this analysis, they can identify large transactions and understand whether these transactions are being made by an individual or a small group. If it turns out that the majority of Pussfi coins are concentrated in a few wallets, this increases the risk of manipulation by wheelers.

Conclusion

These factors suggest that the Pussfi market is dependent on a strong online promotion and the activity of a few large players. This is why it is important to be aware of all these external factors before investing in Pussfi. Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.

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