Hello folks, we have just experienced an exciting week, which almost all cryptocurrencies were in a small green bull run. I sincerely hope this trend will continue, so that everyone can get a good junk of rewards in the pockets
That being said, our $PNUT token has also followed the same trend. The total market value of the Nutboxes’ $PNUT is around 2.80 million; and the price of a single $PNUT token has increased by 6% in the past week. Looking at the previous data, it has maintained a steady growth.
During the past few weeks, the Nutbox team has hosted the first airdrop to all users, who have delegated to 
Looking at the weekly price chart, you can see the price of $PNUT has dropped on Wednesday, August 5th. The same day Both Bitcoin and Ethereum rose and continue to climb in the current bull’s run.
Whenever the big boys in the crypto world start to attract investors’ attentions, they will normally boost the confidence of all crypto currencies. However, at the same time, none-hodlers also tend to cash out the profit.
Based on the transaction volume and transaction value, we found out that there were 567 transactions on August 5th, with an approximate amount of $2.3 million $PNUT involved in these transactions. Though we cannot say which direction those transactions occurred, but we know lots of trading/transferring happened that day.
We saw the first decline of the total delegation against Nutbox during the period of last two months (negative value between the start and end of a week). It has been slowly recovering after dropping 200,000 delegations since Thursday.
Based on the data here, we could not tell if cashing out would affect the total amount of delegation. However, it might be a connection between these events.
From a long-term perspective, the total number of delegated SP (TVL) of $PNUT and the users participating in the Nutboxes’ Peanut Project steadily growing.
Nutbox Official: https://nutbox.io/
Peanut DeFi: https://peanut.nutbox.io/
Nutbox Parachain Slot Auction: https://polkadot.nutbox.io/#/crowdloan/kusama
Telegram: https://t.me/nutbox_defi
Discord: https://discord.gg/fbkSVvFsuG
Twitter: https://twitter.com/NutboxDao