- PNUT Token, a meme coin on Solana honoring the fallen pet Peanut the Squirrel, surged 325% in a single day amid Bitcoin’s bull run.
- The surge in PNUT’s value is attributed to the positive sentiment in the crypto market following Donald Trump’s re-election as the first pro-crypto US President.
- Over the last 30 days, PNUT has seen a massive 758% increase in value and has a market cap above $454 million, with a current price of around $0.45.
The crypto market is booming, with Bitcoin reaching new all-time highs. Among the biggest gainers is PNUT, a new meme coin on Solana created in honor of the late celebrity squirrel Peanut. PNUT has already surged over 325% amid the crypto run. But how high could this new meme coin go next?
The Creation of PNUT
PNUT was created in honor of Peanut the Squirrel, a pet squirrel in New York that became an internet sensation. Peanut was controversially seized and put down by the state’s Department of Environmental Conservation. The PNUT token launched on Solana as a way to memorialize Peanut and capitalize on his viral popularity.
PNUT’s Impressive Price Surge
In just the last week, PNUT has surged over 500% to reach a price of $0.45 with a market cap above $454 million. Over the last 30 days, it’s up a whopping 758%, showing the power of meme coins and community interest. While not as big as Dogecoin or Shiba Inu yet, PNUT has demonstrated huge potential.
source: coingecko
Bitcoin Run Boosts All Cryptos
PNUT’s gains come amid a huge crypto run sparked by Bitcoin reaching new all-time high prices above $89,000. The presidential election and pro-crypto policy outlook is boosting sentiment across the board. With altcoins and meme coins also surging, many wonder how high PNUT could go next.
The Future Potential
With the momentum of the current crypto run, PNUT could continue seeing massive gains, especially if it builds a community and interest like Dogecoin. Meme coins have shown the ability for meteoric rises, so PNUT’s potential is sky-high if it catches on more broadly. The crypto world will be watching closely.
Conclusion
Riding the wave of the crypto bull market and the power of memes, PNUT has already posted huge gains in its short lifespan. But with its dedicated community and the soaring interest in altcoins, this Solana meme coin could potentially keep rising to even greater heights.
