As a seasoned crypto investor with over two decades of experience navigating the volatile and unpredictable world of digital assets, I can confidently say that the recent surge of PNUT, the meme coin named after Peanut the Squirrel, has caught my attention like no other. With its staggering 300% increase in just a few hours following Elon Musk’s tweet about ‘Peanut’, I find myself intrigued and slightly amused at this squirrel-led phenomenon.
PNUT
PNUT
$1.66
24h volatility:
265.4%
Market cap:
$1.70 B
Vol. 24h:
$4.10 B
, a popular meme coin named after Peanut the Squirrel, has gained a staggering 300% in the last few hours following a recent post made by Elon Musk. Earlier today, the tech billionaire tweeted a ‘Peanut” emoji highlighting how the controversy surrounding the squirrel influenced the voting pattern in America this election.
🥜
— Elon Musk (@elonmusk) November 13, 2024
Consequently, the PNUT token is currently surging by 300% to reach a price of $1.70. Remarkably, its market capitalization has exceeded $1.70 billion. This impressive rise occurred only a week after the coin’s launch, which happened just a day before the election results were announced.
Recently, PNUT, a fresh meme coin associated with Elon Musk’s amusing social media posts, has experienced an incredible surge in trading volume, reaching over $2 billion within a 24-hour period. This increase attracted countless investors and crypto fans who are keen to be part of the excitement surrounding this token, which operates on the Solana platform.
In one of his replies on the X platform, Elon Musk also made a casual comment:
“America was saved by a squirrel and a meme coin!”
As a researcher, observing the dynamic market trends, I found myself astonished as the meme coin PNUT soared to unprecedented heights following a particularly influential comment, establishing new peaks in its price trajectory.
America was saved by a squirrel and a meme coin!
— Elon Musk (@elonmusk) November 13, 2024
This article shows that Elon Musk often interacts with meme cryptocurrencies, such as Dogecoin and Shiba Inu, which can lead to immediate price increases in these coins. The market’s response to his comments highlights his lasting influence on meme-focused digital currencies, putting PNUT firmly in the limelight due to this association.
Can PNUT Trigger the Next Rally among Solana Meme Coins?
After Donald Trump’s win, the meme coin market, particularly Dogecoin ($0.42), has experienced significant growth over the last week. Furthermore, with Elon Musk now part of the Department of Government Efficiency (D.O.G.E), there is much anticipation for the next big development in this sector.
In the past, Elon Musk has shown strong enthusiasm for meme-based cryptocurrencies, particularly Dogecoin. Given his recent hints about PNUT, it’s intriguing to observe if the tech mogul will provide any more insights regarding this potential new venture.
Meanwhile, it’s worth noting that Solana-based meme coins are garnering attention, with ACT soaring by 2,700% in the last week and Bonk increasing by 50%, trading at $0.00003. This surge has sparked discussion among investors about whether tokens like BONK, currently priced at $0.000037 with a 24-hour volatility of 22.3% and a market cap of $2.60 billion, might sustain this upward momentum, leading some to speculate if it could potentially rise to $0.1 in the future.
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2024-11-13 18:18