In a volatile crypto market, the PNUT memecoin is seeing a significant price surge, achieving new all-time highs.
PNUT Price Surge
At the moment of writing, PNUT is trading at approximately $1.42, up by almost 230% in the past 24 hours. The coin's market cap is $1.42 billion.
Musk’s Support
A few hours ago, Elon Musk shared a post on his X account, mentioning 'the prophecy has been fulfilled,' and showcased a meme from six years ago featuring a squirrel in armor, hinting at Peanut the Squirrel, which inspired the creation of the PNUT memecoin. Recently, the squirrel was taken from its New York owners and was reportedly set to be euthanized by the authorities. Musk also announced that he and Vivek Ramaswamy will lead the new Dept. of Government Efficiency, which has led to volatility in the memecoin sector.
Binance Listing
PNUT began a notable price rally on November 11 when Binance announced its listing on the platform, along with OKX, KuCoin, Bybit, Crypto.com, and others. On that day, the coin's price surged from $0.12, continuing to rise to new heights. On November 12, HTX also announced the listing of PNUT, contributing to the coin's price rally. PNUT is a memecoin on Solana created in memory of the New York squirrel, which became an internet star.
Despite fluctuations in the memecoin sector, PNUT stands out as a leading gainer with a significant price increase, boosted by Elon Musk's support and listings on major crypto exchanges.
