Peanut the Squirrel (PNUT), a meme coin inspired by the controversial euthanization of a pet squirrel nicknamed Peanut, has surged into the discontinue 100 cryptocurrencies after a series of worthy traits.
PNUT, launched in early November 2024, has rapidly won momentum with its market cap surpassing $1.4 billion and a community-pushed chronicle.
At press time, it ranked at region 62 by market cap, outperforming established cash bask in ORDI, GALA, MEW, LDO and EOS amongst others.
PNUT’s immediate rise amid crypto change listings
Peanut the Squirrel (PNUT) faced early challenges after it used to be launched in early November 2024, losing to a low of $0.03104 on November 4th.
Alternatively, the meme coin skilled a terrific rebound starting on November 11th, 2024, fueled by a broader market uptrend following US political events, in conjunction with former President Donald Trump’s reelection.
On November 11, PNUT surged by an fantastic 320%, reaching a excessive of $0.4835 as the coin’s chronicle picked up momentum.
The rally won additional traction when Binance officially confirmed its listing of PNUT, adopted by CoinW’s announcement that the coin would be traded on their MEME and SOL Zone starting November 11th.
This twin listing sparked massive passion within the coin, which soon entered the discontinue 100 cryptocurrencies, boasting a market cap exceeding $1.4 billion.
PNUT’s market boost has been meteoric, with the meme coin gaining 207% in precisely 24 hours hitting an all-time excessive of $1.4559 this day.
It has become the fastest-rising meme coin to hit a $1 billion market cap, reaching this feat in under 10 days.
This great rise displays both a solid market rally and the PNUT’s distinctive chronicle, which resonates with its community of supporters.
Peanut the Squirrel (PNUT) political appeal
Apart from its listing on Binance and CoinW, the other key ingredient driving PNUT’s success is its bizarre chronicle, which has garnered vital consideration from both crypto fans and political commentators.
At the core of Peanut the Squirrel’s appeal is its affiliation with US politics, with Peanut the Squirrel being portrayed as a hero supporting Trump’s electoral victory.
The coin’s backstory items the controversial euthanization of the squirrel as a political misstep, positioning PNUT as a image of defiance in opposition to the sizzling political landscape.
This political twist has fueled passion from influential figures within the crypto and digital art worlds, in conjunction with prominent artists bask in Beeple.
Their engagement has amplified PNUT’s visibility and solidified its reputation within the meme coin place aside.
The chronicle surrounding Peanut has in particular resonated with communities on social media platforms bask in TikTok and Twitter, the place aside staunch followers portion insist, memes, and discussions around the coin’s political stance.
PNUT’s rising community engagement is evident in its active Twitter following, which has surpassed 17,000 users.
These supporters are no longer staunch drawn to the coin for its humour but moreover its capability to subject the norms of frail politics.
Figures bask in Elon Musk and Donald Trump have faith even referenced the meme coin, additional fueling social passion and reinforcing the coin’s meme-worthy reputation.
The technique forward for PNUT
As of now, Peanut the Squirrel (PNUT) displays no indicators of slowing down.
The coin has garnered a solid following and remains to be propelled by its silly political chronicle, coupled with vital change listings.
CoinW’s announcement of a 5,000 USDT prize pool to have faith a honest staunch time the listing has added an additional layer of pleasure and engagement, giving the community additional incentives to rob part within the rising motion.
Whether or no longer this meme coin can retain its immediate boost will depend upon its community’s energy and the persevered pork up of major exchanges and influencers.
Alternatively, for now, PNUT has firmly cemented its reputation within the discontinue 100 cryptocurrencies, making waves on the earth of meme cash.
The put up Binance and CoinW listing send Peanut the Squirrel (PNUT) into top 100 cryptocurrencies seemed first on Invezz
