In the crypto industry, if you want to seize the next bull market opportunity, you need to have a high-quality circle, vx: alpha6858 (add and chat privately to join the group)
MEME coin Pnut has become the focus of speculation for Degens, with its market value breaking through the $100 million mark in just one day. PNUT, as a meme coin based on Solana, was initially a relatively obscure cryptocurrency with limited market awareness. The token was intended to commemorate the squirrel peanut, and initially did not attract mainstream attention.
This craze is related to the news that the American internet celebrity squirrel Peanut was "arrested" and euthanized, and the public's sympathy for Peanut's unfortunate fate is spreading across the internet, especially with the "boosting" of public figures like Musk, turning this event into an American political movement and arousing widespread outrage and condemnation across the internet.
Peanut was a social media celebrity squirrel with a huge fan base. However, in a "illegal feeding" dispute, Peanut was arrested by the relevant authorities and euthanized, an event that quickly sparked outrage across the internet, with public figures including Musk also joining the support.
Musk tweeted that "America is saved by a squirrel and a meme coin." Then PUNT was immediately affected and soared, even with a 51% increase in 24 hours.
Musk's support
Elon Musk, the CEO of Tesla and SpaceX, also joined this memorial event, posting multiple posts about the Peanut story on social media!!
He criticized the decision of the Department of Environmental Conservation (DEC) and said: "The government should not be allowed to barge into your home and kill your pet! This is outrageous.
Musk's support has quickly gained public attention and support, and PUNT (PNUT) has become a symbol of protest!
Supporters are expressing their support for animal rights and protesting the government's improper handling by purchasing PNUT.
PNUT price
According to Bitget's market data, or perhaps influenced by Musk, PNUT's price has surged to over $0.64, even reaching a 51% increase in 24 hours.
PNUT's price is still rising sharply, with the current price at $0.9473. The 24-hour high and low prices were $0.9890 and $0.3073 respectively, and the 24-hour trading volume was $1.2 billion, down -2.90% from the previous day, indicating a recent decline in market activity. PNUT's market cap is $800 million, currently ranked 127th on CoinGecko. Its increase has even reached 85.6%.
PNUT has said many times that it will surge after being listed on Binance, and the trend is completely referenced to lowercase neiro. Many people just don't believe it. This wave, whether it's futures or spot, join the group and chat with alpha6858, you'll be amazed!
