A substantial withdrawal of 10 million tokens valued at 6.1 million USD from Binance, equivalent to 1% of the total supply, was executed by a whale. This move raises concerns about market stability as it affects the token’s availability and valuation.
The price of PNUT dropped 10.2% following lawsuits, reflecting investor skepticism. Moreover, such withdrawals and legal pressures could deter interest, impacting price stability. This trend is significant as it showcases how external factors can sway investor confidence and market valuation.