Key Takeaways
- Peanut the Squirrel (PNUT/USDT)market cap surpassed $1 billion within 48 hours due to listing.
- 60% of Binance’s meme coin listings are Solana-based, with significant market growth observed.
Peanut the Squirrel ($PNUT) has seen an impressive price surge, rising by 261.14% in just 24 hours to reach $1.52 as of 10:01 a.m. EST. This surge was accompanied by a 196.70% increase in trading volume, now at $3.16 billion, according to CoinMarketCap. The spike follows a viral moment on social media, where Peanut, a pet squirrel, gained attention after being seized by local authorities in the U.S. over rabies concerns. However, after Chemung County official Chris Moss confirmed that Peanut tested negative for rabies, interest in the token soared. In this article, we’ll explore what Peanut the Squirrel is and take a closer look at the Peanut Price developments.
What is Peanut the Squirrel ($PNUT)?
Peanut the Squirrel (PNUT/USDT) is a memecoin launched on the Solana blockchain, inspired by a touching real-life story that captured the hearts of many. The coin honors Pnuts, a beloved pet squirrel who brought joy to its caretakers and followers. Following a heartbreaking event, PNUT was created to channel the love and support from the community into a cause that advocates for the protection of small animals. With a mission grounded in compassion, remembrance, and positive change, PNUT coin merges the power of community with a purpose-driven initiative in the world of cryptocurrency.
Peanut the Squirrel: The New Meme Coin with Trump and Musk Ties
Peanut the Squirrel (PNUT/USDT) has quickly become one of the hottest meme coin sensations, captivating the crypto community with its unique narrative. Built on the emotional story of Peanut, a beloved pet squirrel, PNUT coin not only taps into the growing meme coin craze but also weaves in narratives involving figures like Donald Trump and Elon Musk. These high-profile associations help fuel the coin’s viral rise, drawing attention from both crypto enthusiasts and broader audiences.
With its playful branding and strong community backing, PNUT coin is positioning itself as more than just another meme coin. It represents a movement—one that combines a heartfelt tribute to a beloved animal with the influence of pop culture icons. As the coin gains momentum, its community continues to rally around the cause, leveraging both humor and advocacy to create a lasting impact in the world of cryptocurrency.
Peanut the Squirrel Price Could Continue Soaring
The price of Peanut the Squirrel ($PNUT) token has shown remarkable growth in recent weeks, fueled by a combination of social media buzz, community support, and the growing meme coin trend. Following its launch, the token has gained significant traction, particularly among those drawn to its unique narrative surrounding Peanut the pet squirrel and its advocacy for animal welfare.
Key drivers of this price surge include increasing interest from both crypto enthusiasts and celebrity endorsements, with narratives tied to figures like Donald Trump and Elon Musk giving the coin additional visibility. Furthermore, the growing community around PNUT has led to higher demand, which often results in upward price movement.
The token’s potential to continue soaring is supported by several factors:
- Viral Appeal: Meme coins thrive on community engagement and social media attention. With the ongoing viral narrative surrounding Peanut the Squirrel, PNUT continues to capture the imaginations of investors and supporters.
- Celebrity Influence: The involvement of high-profile figures, even indirectly, can push meme coins to new heights. Any further mentions from influencers like Musk or Trump could provide another catalyst for price growth.
- Community-driven Growth: As more users rally around the cause of protecting small creatures, the PNUT token could see a steady increase in demand, further driving up its value.
While meme coins can be highly speculative, the strong community backing and viral momentum of Peanut the Squirrel suggest that its price could continue to rise as long as these key drivers remain in play. However, as with any crypto investment, potential investors should proceed with caution and conduct thorough research.
Will Peanut the Squirrel Price Hit $2?
If the bulls manage to break past the $1.4 resistance, PNUT could gain momentum and head toward the $1.8 resistance level. Holding steady at this level might pave the way for a rise to $2 later this week.
Conversely, if the bears take charge, PNUT could fall back to its $1 support level. A stronger bearish movement could see the price drop to the lower support trendline around $0.60.
Peanut the Squirrel ($PUNT) Coin Listed on WEEX Futures
WEEX Futures Pro will launch PNUT perpetual futures trading pairs at 2024/11/12 9:00 (UTC+0). These futures are denominated in USDT and offer various leverage to meet the needs of different investors.For a limited time only, we’re offering 0% Maker & Taker trading fees on Trading Pairs.
Promotion Period: Nov 12nd – Nv 26th 2024 9:00 UTC+0
Trading Fee: 0% Maker & Taker Fee
Take advantage of this offer to explore new trading strategies, diversify your portfolio, or simply capitalize on the potential of these promising cryptocurrencies without the burden of fees.
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