The price of Peanut The Squirrel (PNUT) token has seen a drastic increase over the past 24 hours, capturing the attention of the crypto community.
The Story Behind Peanut's Atmosphere
The Peanut The Squirrel project gained significant popularity in the crypto community after the token was launched as a result of events involving a pet squirrel named Peanut. The issue became viral on social media after the Department of Environmental Conservation of the US raided Mark Longo's home, leading to Peanut’s confiscation and euthanization. This event sparked public outrage and led to the rapid rise in interest and value of the PNUT token.
PNUT Price Movement Analysis
The PNUT/USD trading pair showed a significant price increase after a consolidation phase, where volatility was low around the $0.1 level for several days. The breakout led to a price surge reaching $0.45, before correcting down to $0.3812. Technical indicators signal strong upward momentum, though the RSI in the overbought zone warns of a potential correction.
Flockerz Project Closes Presale
Amid the surge in Peanut The Squirrel price, the Flockerz project has closed its presale, raising over $1.46 million. The project features a 'vote-to-earn' model where users are rewarded with tokens for participating in decisions, making Flockerz particularly appealing to investors.
The successes of Peanut The Squirrel and Flockerz highlight the power of community engagement and news impact on the cryptocurrency market. These events continue to draw attention to new projects in the meme token space.
