In the cryptocurrency world, with the rise of the 'super cycle of memecoins,' Peanut the Squirrel (PNUT) has become one of the most talked-about assets as its value surged 400% following its listing on Binance.
The Popularity Surge of Peanut the Squirrel (PNUT)
Peanut the Squirrel (PNUT) is a memecoin on the Solana blockchain, inspired by a real squirrel named P’Nuts from New York City. The story of this squirrel and its tragic end has captured the attention of both the general public and the crypto community.
The Importance of the Binance Listing
The listing of Peanut the Squirrel (PNUT) on Binance became a catalyst for its rapid growth. On November 11, Binance unexpectedly announced PNUT's availability for spot trading, triggering a massive increase in its market value.
Market Reaction and Current Standing
Following the listing announcement, PNUT's price surged from around $0.4 to $1.8 within a single day, while its market cap jumped from $422 million to $1.75 billion. Currently, PNUT's market cap sits at $1.72 billion, placing it among the billion-dollar memecoin club.
Peanut the Squirrel (PNUT) exemplifies the power of memecoins in the modern crypto ecosystem. With support from notable figures and sudden value increases, such assets continue to captivate the interest of both investors and the general public.
