Peanut the Squirrel (PNUT) Meme Coin’s Market Cap Surged to $130M Following Musk’s Post

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Crypto Blog

PNUT, a Solana-based meme coin, has witnessed an astronomical surge in trading activity, with its market cap skyrocketing to over $120 million less than three days after its launch.was inspired by Peanut the Squirrel, a social media-famous pet squirrel that was recently confiscated and euthanized by the New York State Department of Environmental Protection for rabies testing.

Peanut the Squirrel became an internet sensation after its caretaker, Mark Longo, posted heartwarming pictures and videos of the pet doing tricks and wearing tiny hats on social media.that the authorities had taken away the pet squirrel. A meme coin dubbed PNUT was quickly created in its memory.The news of Peanut the Squirrel’s euthanasia went viral, sparking public outrage.

Elon Musk’s social media posts and the wide media coverage of the news spurred a PNUT buying spree, with several crypto whales entering the market. According to data from Lookonchain, one whalePNUT’s market cap quickly rose to an all-time high of nearly $130 million, with the trading volume surging to over $300 million as its price hit a peak of $0.12. However, profit-taking has since pulled the market cap to $58.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 568. in BE

Belgique Dernières Nouvelles, Belgique Actualités