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Meme token Peanut the Squirrel (PNUT) jumped from $0.41 to $1.7 in less than 24 hours. The token’s capitalization reached a record high of $1.73 billion.
At the time of writing, the meme token is trading around $1.69 and is 68th in the crypto asset ranking on CoinGecko.
Peanut the Squirrel was launched in early November on the blockchain Solana. His mascot was a squirrel named Peanut, who lived with his owner in New York. October 30 authorities took away The animal was suspected of being rabid and was chased.
Due to Peanut’s popularity in the media, the news caused a stir on social media and attracted the attention of influencers, including Elon Musk And Donald Trump Jr..
In its short history, Peanut the Squirrel has already seen a huge price increase. Shortly after its launch, the meme token rose from $0.005 to $0.12 within 12 hours. Then one of the users lost opportunity to earn over $1.6 million by selling coins at a loss.
Former analyst countthat 80% of meme coins listed on Binance in 2024 have significantly increased in price.
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2024-11-13 16:40:00
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