Hi guys, Like I said in my last post, most sellers were out. Was I right or wrong? Let’s check out my latest insights about the PNS token through the chart below.

According to insights from my last post, the declining price of PNS bottomed at 0.0001000 and it was a perfect time for investors to pick up the dip, especially those who wanted a second shot at presale, or those who wanted to significantly increase their PnS size.

Picking up the dip on most cryptos have been very dicey of recent, because many dips have only dipped further, this is where not only fundamentals come to play, but also an active community, a game plan and a shared vision play pivotal roles within that community.

In the PNS community

There have been several discussions about how to move the PNS meme project forward, there are talks about integrating the token into the game so players can earn alongside other native SPL rewards tokens, this will enhance distribution and distribution is good for the health of the token.

It will also help in raising awareness, making more Splinterlands players develop interest in the project, remember there are over 20k daily active Splinterlands players, and only a fraction of that are holding PNS.

There are also talks of creating a PNS card for in game battles with special abilities and using the funds from the sale to do stuff that will increase the value of the token, the card will have to be bought with PNS token, and maybe all the pns will be burnt.

Ofcourse non of these are certain to be implemented yet but these discussions are on the table for deliberation so who knows? The interesting thing is how any of these can be refined to have significant impact on the value of the project.

Buys are up

Even the price action of the token since these “discussions” do agree with me. It seemed to have generated some spark in investors confidence as few traders have started filling up their bags again. According to the chart below, since the last post, there have been more buyers than sellers indicating that most sellers are out.

Looking at the most recent data, the activity in the PNS token market provides some fascinating insights. Firstly, the distribution of transactions shows that there has been a significant resurgence in buy activity. The bar chart below clearly illustrates that buyers are outpacing sellers, which is a promising sign for the token's health.

In terms of value, the total amount spent on buying PNS tokens has surpassed the amount from sells, reinforcing the idea that accumulation is happening. The histogram indicates that on specific dates, there has been a noticeable spike in buying activity, such as on May 12 and May 13.

This aligns with the dates of the recent discussions within the community. It appears that investors are not just holding on to their tokens but are actively inlvoled in buying more, possibly in anticipation of future utility and growth.

So what next?

It totally depends on the next levels of development, are we going to see a slow down in the rate of development or are things going to be kicked into action? It’s evident that investors are hungry for some action, this is one sturdy community who only want one thing, a thriving PNS, but it won’t happen without significant developments upon what is already built on ground.

It is important to keep an eye open for upcoming developments in the near future as they could be the catalyst for further price appreciation and market expansion.

Kindly share your thoughts in the comment below.

Thanks for reading.

The data from the charts were gotten from PNS ticker on Dextools.