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Solana Meme Coin PNUT Pumps Another 126%

Peanut the Squirrel coin surges 126% in one day. Will Musk’s influence drive PNUT to become a top meme coin?

3 minNovember 15, 2024

Highlights:

PNUT, the meme coin, surged 126% in one day with Musk's backing and Binance listing.

Analyst predicts PNUT could reach a $30B-$100B market cap, offering huge potential gains.

PNUT’s unique backstory and political relevance set it apart from other meme coins.

Solana Meme Coin PNUT Pumps Another 126%

Peanut the Squirrel (PNUT), has stunned the crypto world with a 126% surge in just one day. This viral meme coin is on fire, also jumping 1,500% this week alone. Can PNUT continue riding on Elon Musk's influence? 

 

Musk's Impact on PNUT

 

 

Elon Musk is no stranger to moving markets with his tweets. In 2021, Musk drove Dogecoin's market cap to over $80 billion. Now, Musk is turning attention to PNUT. This meme coin stands out with a unique mix of charm and political relevance. 

 

Peanut’s story took a political turn when New York state officials took the squirrel and euthanized it before the US election. This caused outrage, especially among those who support smaller governments. 

 

The incident aligned with Republican values and crypto advocacy, which made PNUT’s emergence unsurprising. Musk’s support and social media influence helped bring even more attention to the coin.

 

Can PNUT Keep Growing?

 

PNUT's market cap has already hit $2 billion after Binance listed the coin. With Musk’s endorsement and a major exchange backing the coin, many believe PNUT's rise is just getting started. 

 

Analyst MoneyLord predicts a market cap between $30 billion and $100 billion, offering a 15x-50x return for early investors. Few meme coins have a backstory as strong as PNUT’s. Born from a real event, this coin carries significant emotional weight, setting it apart from others.

 

With Trump’s inauguration approaching and Musk continuing to back PNUT, the future looks bright. A $30 billion market cap isn’t out of reach. Peanut the Squirrel could soon become a force to be reckoned with.

 

 

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