Peanut the Squirrel crypto soared 200% to ATH, reaching a $2.2B market cap. Musk's viral post sparks interest, placing it in top 50 assets.
-based memecoin surged by nearly 200% in a day to peak at a new all-time high of $2.4 on the 14th of November.Furthermore, since its launch, PNUT has skyrocketed by over 4,000%, a testament to its rapid rise in popularity and value.Worth noting that the surge in price elevated PNUT’s market cap to $2.2 billion. Along with the price rise, the trading activity surged 279.62%, bringing the 24-hour trading volume to a remarkable $5.75 billion.
Interestingly, it has also secured a spot among the top 50 assets by market capitalization. At press time, PNUT ranked as the 47th largest cryptocurrency. However, what caused this sudden rise? Is it just the sentimental value attached to the token or is it the memecoin mania?Well, while the broader crypto market is undergoing a bull run on the heels of the Republican victory and the massive surge inAdditionally, Musk is no stranger to PNUT. For those unfamiliar, the token was created in response to a viral story about a pet squirrel named Peanut.
New York City’s Department of Environmental Conservation euthanized the squirrel, sparking widespread outrage on social media. Prominent figures, including Musk, voiced their dismay over the incident. This fueled public interest and sympathy which, in turn, boosted PNUT’s popularity.Whether PNUT can maintain its momentum remains to be seen, but for now, it has firmly established itself as a major player among memecoins.Kamina is a content writer at AMBCrypto.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH — Why people are angry about Peanut the squirrel’s deathThe death of Peanut, an orphaned squirrel, has sparked backlash against a U.S. government agency online.
Read more »
Instagram-famous squirrel named Peanut seized by New York state authoritiesA New York man who turned a rescued squirrel into a social media star called Peanut is pleading with state authorities to return his beloved pet after they seized it during a raid that also yielded a raccoon named Fred.
Read more »
Peanut, Instagram-famous squirrel, seized from owner by NY state officialsMultiple anonymous complaints about Peanut — also spelled P'Nut or PNUT — brought at least 6 officers from the state Department of Environmental Conservation to Mark Longo's home.
Read more »
Man says it's 'surreal' that officials euthanized pet squirrel PeanutA man who took in an orphaned squirrel and made it a social media star vowed Saturday that New York state's decision to seize and euthanize the animal 'won't go unheard.'
Read more »
Animal lover slams N.Y. for seizing, euthanizing Peanut the squirrel, a social media darlingFILE — This undated image provided by Mark Longo shows his pet squirrel Peanut that was seized by officers from the state Department of Environmental Conservation, at Longo's home in rural Pine City, N.Y., Oct. 30, 2024.
Read more »
Peanut the Squirrel's owner blast officials for killing animalA man who took in an orphaned squirrel and made it a social media star vowed Saturday that New York state's decision to seize and euthanize the animal 'won't go unheard.'
Read more »