PNUT Price Soars 200% Following Elon Musk’s “Squirrel and Meme Coin” Tweet
Highlights:
- PNUT surged 200% after Elon Musk’s humorous X post referencing a “squirrel and meme coin.”
- The token’s trading volume spiked to $2.72 billion in 24 hours.
- Solana meme coins are booming, with ACT up 2,700% and Bonk rising 50%.
PNUT, a Solana-based meme coin inspired by Peanut the Squirrel, skyrocketed 200% after Elon Musk referenced it in a playful X post. Musk’s comment, “America was saved by a squirrel and a meme coin!”, quickly gained traction, triggering a massive rally for PNUT.
PNUT Gains Momentum from Musk’s Humor
Musk’s post not only drew attention to PNUT but also amplified its trading volume, which exceeded $2 billion within 24 hours. This surge highlights the token’s growing popularity among investors and crypto enthusiasts capitalizing on the hype.
The billionaire’s engagement came shortly after he responded to a controversial post questioning government research spending. Musk shared an image of PNUT, further fueling interest in the token.
Musk’s influence on meme coins is well-documented, with similar surges seen in Dogecoin and Shiba Inu in the past. His ability to spotlight meme-based assets continues to propel tokens like PNUT into the limelight.
Solana Meme Coins See Explosive Growth
PNUT is trading at $1.33, marking a 220% increase in the past 24 hours. Over the last week, the token has risen by 1,140%, with a 30-day increase of 2,400%. Its 24-hour price range spanned from $0.3943 to $1.47, with trading volume reaching $2.72 billion.
The broader Solana meme coin market is also seeing significant gains. ACT has surged by 2,700% in the past week, while Bonk is up 50%, currently trading at $0.00003. Investors speculate whether the ongoing meme coin boom could propel tokens like BONK to new milestones, with some even predicting it might reach $0.1 in the near future.
The meme coin frenzy continues to reshape the crypto market, fueled by high-profile endorsements and viral moments.
