Key Points
- PNUT is today’s top gainer with a significant price surge of around 230%.
- The squirrel that inspired this memecoin was earlier mentioned by Musk.
In a volatile crypto market, the PNUT memecoin is seeing a significant price surge today, reaching one new ATH after another.
At the moment of writing this article, PNUT is trading around $1.42, up by almost 230% in the past 24 hours. The coin’s market cap is $1.42 billion.
Musk’s Support for Peanut – the Squirrel behind PNUT Memecoin
A few hours ago, Elon Musk shared a post via his X account, writing that “the prophecy has been fulfilled,” and shared a meme from six years ago featuring a squirrel in armor, hinting at Peanut the Squirrel, the Internet sensation animal which led to the creation of PNUT memecoin.
Musk has been recently posting a lot about Peanut, after the squirrel was recently taken away from its New York owners just to be euthanized by authorities.
Musk also announced today that, together with Vivek Ramaswamy, they will lead the new Dept. of Government Efficiency, recently mentioned by Trump in an official statement.
The cabinet’s future measures have been laid out, and the entire memecoin sector recorded price volatility amidst the announcement.
Despite some memecoins seeing significant price drops in the last 24 hours, PNUT is today’s top gainer.
PNUT’s Price Rally, Triggered by Its Binance Listing
PNUT debuted a notable price rally on November 11, when Binance announced its listing on the platform, along with OKX, KuCoin, Bybit, Crypto.com, and others. On that day, the coin saw a price surge from $0.12 which continues today, taking the token’s price to new heights.
On November 12, HTX also announced the listing of PNUT, contributing to the coin’s price rally.
PNUT is a memecoin on Solana that was created in the memory of the New York squirrel which became a star on the Internet before it was confiscated from its human parents, together with its companion, Fred, the raccoon.
