Elon Musk Pushes Market Cap of Squirrel-Based Meme Coin to $125 Million

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The market cap of a meme coin inspired by a euthanized squirrel surged to as high as $125 million after a post by Elon Musk

to as high as $125 million after a social media post by Tesla CEO Elon Musk, according to data provided by DEXscreener. The meme coin was inspired by a viral news strory about New York officials confiscating and euthanizing Peanut the Squirrel, a pet squirrel with a significnat socia media following.

Mark and Daniela Longo, the owners of the squirrel, went viral with their tearful TikTok video, in which they lamented the authorities for taking away their beloved pet. also weighed in on the issue by quoting Obi-Wan"Ben" Kenobi, a famous character from the Star Wars franchise. The centibillionaire jokingly attributed the quote the quote to"Obi PNut Kenobi." The quote was accompanied by an AI-generated picture of a cute squirrel dressed like a Jedi.

 

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