NewsletterSolana Meme Coin PNUT Rallies 10% Amid Elon Musk’s Statement
Highlights
- Elon Musk’s viral “Peanut” post triggers sharp 10% PNUT price rally.
- PNUT coin volume surges 80%, crosses $214M after Musk’s sarcastic tweet.
- Meme coin frenzy reignites as Solana’s PNUT trends from Musk’s vague reference.
Peanut the Squirrel (PNUT), a Solana-based meme coin, surged more than 10% in price in just 24 hours. The rally followed a viral post from Elon Musk that drew attention to the project in a surprising way.
Elon Musk’s Epstein Remarks Coincides with PNUT Price Surge
Musk posted a meme and message criticizing the lack of justice around the Epstein client list. His X post highlighted that “more squirrels and raccoons have been arrested” than anyone linked to Jeffrey Epstein.
He then referenced a squirrel named Peanut who was “arrested (and killed).” Although Musk didn’t mention PNUT directly, his post’s timing aligned with a surge in the coin’s price and trading volume.
The post quickly went viral, gathering over 4.5 million views in just a few hours. Traders appeared to connect the mention of “Peanut” with the meme token PNUT, leading to a wave of interest.
PNUT price jumped from around $0.2279 to $0.2357 shortly after the post. Volume also spiked by more than 80%, hitting over $214 million in 24 hours. PNUT’s market cap is now just above $235 million, with nearly 1 billion tokens in supply.
Musk’s Peanut Post Showcases the Power of Viral Hype
Peanut the Squirrel has gained a cult-like following in recent months. The project mixes humor and internet culture with Solana’s fast transaction speeds.
This isn’t the first time Musk has caused a meme coin to spike. His past tweets have fueled rallies in Dogecoin and Floki coins.
The market often reacts quickly when Musk references anything meme-related, even if it’s vague or indirect. The rise of PNUT price reflects how social media buzz still plays a huge role in crypto trading.
A single viral post can move millions of dollars. In this case, it was a political jab wrapped in humor that sent a Solana meme coin flying. Whether PNUT continues to climb depends on future interest and momentum.
For now, Musk’s post has given PNUT its biggest spotlight moment yet. Solana meme coins are once again proving they can move fast with just the right amount of hype.
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