PNUT, a meme coin impressed by Peanut the Squirrel, surged 200% after Elon Musk newest put up referenced a “squirrel and a meme coin” saving America. The playful point out rapidly gained traction on social media, main to an enormous rally for the Solana-based token.
With its connection to Musk humorous posts, PNUT has grow to be the newest trending meme coin. The Solana-based token buying and selling quantity soared to over $2 billion inside 24 hours as traders and crypto fans jumped in on the hype.
Peanut the Squirrel Gains Traction Following Elon Musk Tweet
In a current X post, Elon Musk made a humorous remark stating, “America was saved by a squirrel and a meme coin!”. Musk’s engagement with this meme has despatched ripples by means of the crypto market, leading to an instantaneous worth surge for PNUT.
Besides, the billionaire’s remark got here shortly after he shared a picture of PNUT in response to a put up from Rabbit Hole, which sparked controversy by questioning the authorities’s expenditure on HIV analysis involving transgender monkeys.
— Elon Musk (@elonmusk) November 13, 2024
This X put up follows Musk’s long-standing historical past of participating with meme cash, usually sparking fast price increases in coins like Dogecoin and Shiba Inu. The crypto market response to Musk’s remark highlights his persevering with affect over digital property with the meme-based attraction, propelling PNUT into the highlight.
PNUT Coin Rise and the Growing Popularity of Solana Meme Coins
PNUT, a meme coin on the Solana blockchain, is at the moment buying and selling at $1.33, up by 220% in the final 24 hours. Over the previous week, it has surged 1140%, and its worth has elevated 2400% over the previous 30 days. The coin’s 24-hour buying and selling vary has spanned from a low of $0.3943 to a excessive of $1.47, with a buying and selling quantity reaching $2.72 billion, as merchants seize on the rally.
The recognition of top Solana meme coins is on the rise, with ACT worth seeing a 2,700% improve over the previous week, and Bonk up by 50%, buying and selling at $0.00003. The present meme coin increase on Solana has traders speculating on whether or not tokens like BONK will continue to climb, with some fans questioning if it would hit $0.1 in the close to future.
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