Following Donald Trump's victory in the 2024 presidential election, meme coins are experiencing renewed interest. Solana-based Peanut the Squirrel (PNUT) has led the charge with over 1,500% growth.
Rise of Peanut the Squirrel
Dogecoin (DOGE) remains a prominent force, but Solana-based Peanut the Squirrel (PNUT) has surged in popularity. The token has increased by over 1,500% in the past week.
PNUT Cryptocurrency Records
A recent listing on Binance boosted PNUT's market cap to an impressive $1.9 billion, with daily trading volumes reaching $6.4 billion. At the time of writing, PNUT's price nears $2, drawing trader attention and solidifying its status as a leading meme coin.
On-Chain Analysis
On-chain data reveals PNUT's largest holder owns about 27 million tokens, worth over $51 million at current prices. This whale has executed 39 trades, making PNUT a major winner. Between November 3 and 10, around $2.8 million of PNUT was purchased, capitalizing on the rapid rise.
Peanut the Squirrel continues to capture investor interest with its strong market performance and high trading volume. PNUT's success indicates potential growth opportunities for meme coins in the market.
