Hi guys! I decided to check out my $PNS today and realized it’s gone really small. Besides having a small $PNS, the magic number for the $PNS token holders has also dropped from 333 to around 327 holders and there’s nothing magical about that.

But while all may be looking gloomy how about we look at it from the perspective of understanding what the other side of the volatility end looks like.

Line Chart of Buy and Sell Activity

Many have forgotten that since volatility was turned on, we’ve only mostly seen prices go up due to low amount of sellers compared to buyers which emanated from euphoria of being something new, now, less community activity has resulted in more sales than buys and we can see how it also affect volatility.

According to the data in the line chart shown below, the buying and selling activities have demonstrated a clear trend of increasing transactions over time.

Interestingly, we observed a significant surge in sells towards the later part of the data, suggesting that the market sentiment around $PNS may have shifted, or perhaps some external factors have influenced holders to offload their tokens.

This shift can potentially explain why the magic number of $PNS holders has decreased. As the area chart revealed, the volume of sells has occasionally surpassed buys, which not only impacts the price but may also deter new investors or encourage existing holders to reduce their positions due to the heightened volatility.

Volatility, while often viewed negatively, can also create opportunities for accumulating more tokens at lower prices, which could be advantageous if the market sentiment turns positive again. One major lesson learnt here is that activity and price in meme world go hand in hand.

What PRICE chart is saying

On the surface, there’s a lot of blood in the charts but within, large sells also results in large burns, it’s how $PNS token was designed, it’ll be interesting to see how much percentage has been burnt during this time of large sell offs. Now smart traders will do what others aren’t doing, buy when everyone is running. This was the volatility we asked for wasn’t it.

Hard launch is still scheduled tbd, I’m certain that prices will rebound after the announcement of a certain date for it, I would have just preferred that there wasn’t so much sell off before the hard launch so that prices can easily make new all time highs, but with volatility turned on, it might still be possible.

Another thing I’m certain about is that $PNS is far from being over. Infact it’s still very much at the beginning and I can’t wait to see what comes next. Perhaps more collaborative efforts with Splinterlands, more mentions, partnerships with Splinterlands content creators…..launch on Hive which I’m not totally okay with but is good for expanding the community and much more.

While recent trends might have leaned towards more selling and lower holder numbers, this phase could set the stage for a robust comeback. History shows us that markets ebb and flow, and those who adapt swiftly to its rhythms often reap the greatest rewards.

Conclusion

The upcoming hard launch presents a pivotal moment to reinvigorate interest and potentially drive prices upward. Our engagement, whether through direct participation in trading or through supportive community actions like fostering partnerships and enhancing visibility, will be crucial.

Remember, every market correction, every dip, and every surge is part of a larger narrative that we are creating together. Let's stay informed, stay engaged, and most importantly, stay optimistic about the future of $PNS.

As we move forward, let's continue to harness the collective power of our community to fuel growth and innovation, paving the way for $PNS to not only recover but to thrive and set new benchmarks in the crypto landscape.

Posted Using InLeo Alpha