Peanut the Squirrel Coin (PNUT) Jumps 235% in 24 Hours

As an experienced crypto investor who has been around since the days of Dogecoin and GigaWatt, I must admit that the sudden surge of Peanut the Squirrel (PNUT) memecoin is something I’ve never seen before. The heart-wrenching incident involving Peanut has certainly sparked a wave of emotions among investors and non-investors alike, which has undeniably influenced the coin’s price.


In the last day, the cost of the memecoin called Peanut the Squirrel (PNUT), which operates on the Solana platform, has significantly jumped by approximately 235%, hitting a worth of $1.41.

The dramatic price rise has propelled its market cap to $1.39 billion, with a 24-hour trading volume of $2.50 billion, a surge of more than 105%.

Following an emotionally distressing event concerning Peanut, a cherished online-famous squirrel who has over half a million followers, there’s been a significant surge in value or attention. This unfortunate incident unfolded when Mark Longo, Peanut’s caretaker, shared on Instagram that New York City officials had taken Peanut and another raccoon named Fred, and put them down due to suspected rabies concerns. This news spread rapidly, igniting a wave of public fury.

The event sparked significant interest, catching the notice not only of Elon Musk but also Donald Trump, who was running for U.S. President at the time. Both individuals publicly displayed their displeasure regarding the circumstances.

As a researcher, I found myself astounded by the rapid surge in value of PNUT, a newly launched cryptocurrency. The infectious allure of the story, coupled with endorsements from influential figures, catapulted its price to an impressive $0.14 within a single day of its launch. In just two weeks following its debut, the market capitalization of PNUT had already swelled to a staggering $1 billion.

On the eve of the U.S. elections, Peanut the Squirrel’s sorrowful story is making waves on both social media platforms and political arenas, stirring widespread interest among the general public.

Currently, the number of PNUT coins in circulation stands at approximately 999 million, and its maximum total supply is set at around 1 billion coins.

Read More

2024-11-13 13:40