Sudden Surge of PNUT After Binance Listing: A Market Game Changer

user avatar

by Giorgi Kostiuk

2 years ago

Peanut the Squirrel (PNUT) emerged as a memecoin capturing the attention of traders due to a unique event linked to the US election. The coin quickly gained traction, especially with its Binance listing.

PNUT's Post-Listing Success

After being listed on Binance, the price of PNUT surged by over 1300%. This rise highlights the impact of major exchange listings on cryptocurrencies, particularly memecoins. A trader spent $721K to acquire 1.92 million PNUT at $0.38 immediately after the listing announcement, resulting in an unrealized profit of over $2.2 million.

The price of $Pnut rose by more than 1300% after the Binance listing!Lookonchain

Triumph Over Competitors

Following its listing, PNUT reached a market cap of $1.737 billion within 24 hours, surpassing other popular memecoins like POPCAT. This showcases PNUT's potential and its ability to outperform established coins.

$PNUT has flipped $MOODENG and $GOAT. A new target is set with $WIF.dxrnelljcl

Misguided Sales and Missed Opportunities

Despite PNUT's overall success, one trader's experience demonstrated how rash actions can lead to missed opportunities. The trader who initially bought 19.4 million PNUT for 8 SOL sold them at a loss, only for their value to later surge past $17.5 million.

The 19.4M $Pnut sold at a $669 loss is now worth over $17.5 million!Lookonchain

PNUT's story shows how memecoins can unexpectedly become market leaders, emphasizing the need for strategic approaches and patience in the volatile world of cryptocurrency.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

OCC Releases New Guidelines for AI in Banking

The US Office of the Comptroller of the Currency (OCC) has released its first supervisory framework for artificial intelligence in banking, focusing on the implications of AI mistakes rather than its capabilities.

user avatarJesper Sørensen

Trump Media Technology Group Shares Experience Significant Decline

Shares of Trump Media Technology Group plunged 14.29% to $5.10, extending a decline that had been ongoing prior to the midterm elections.

user avatarRajesh Kumar

Technology Stocks Show Mixed Results After US Midterm Elections

Technology stocks showed mixed results after the US midterm elections, with some companies gaining while others declined.

user avatarLucas Weissmann

SEC Provides Regulatory Clarity for Canton Coin

The SEC classifies Canton Coin as a digital commodity, providing regulatory clarity for its issuance and distribution model.

user avatarFilippo Romano

Bitbase Launches ORIGIN Points Program to Reward User Engagement

Bitbase has launched the ORIGIN Points program to reward user engagement over 26 weeks, distributing 1,000,000 points weekly starting November 4, 2026.

user avatarEmily Carter

Bitbase Launches ORIGIN Points Program to Reward User Participation

Bitbase has introduced ORIGIN, a new points program rewarding user participation over six months.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.