The price of Peanut the Squirrel has shown significant growth in the last 24 hours, boosting its market capitalization to over $2 billion.
Price Surge to New ATH
Peanut the Squirrel price surged 128% in the last 24 hours, reaching $2.11. This jump secured a new all-time high (ATH) in market capitalization of over $2 billion, with a record value of $2.44.
PNUT Technical Analysis
Technical indicators confirm a sustained bullish trend for PNUT. The price has risen above the 50-day simple moving average, indicating strong buying pressure. The Relative Strength Index is also in the overbought zone at 85, suggesting a potential correction. The MACD supports a bullish outlook, showing a positive crossover.
Interest in Pepe Unchained
Simultaneously with PNUT's price surge, Pepe Unchained is drawing attention by raising nearly $30 million in its presale. This new meme coin aims to offer faster and more cost-effective transactions with its own Layer 2 blockchain.
The strong price rise of PNUT and the active interest in Pepe Unchained indicate a high level of investor interest in such projects, potentially leading to new records in the future.
