Out of nowhere, it came and is under top 100 coins based on marketcap. I find the situation very funny. With this rate of growth I would not be surprised that in few months, it replaces Bitcoin and becomes number one coin based on market cap.
No way I support such coins. If crypto has to survive for long, such coins should not be supported. The success of investors investing in these type of coins should also not be celebrated because it leaves a wrong impact on mind on new crypto investors.
You are too much in responding to coins like this, $ PNUT will not interfere with Bitcoin and become a threat, and speak the community and others, basically $ PNUT does not have a clear fundamental, so you don't need to worry even though this coin is falling.
I understand why some people think how there is one coin like Terraluna returns to this cycle that makes Bitcoin beaten to turn around to bearish.
The celebration or not is their right, because things like the increase in Altcoin triggered Altseason and they have the right to party for the velocity of money on Altcoin, even for coins that have no function.