The meme coin Peanut The Squirrel ($PNUT ), which showed a big rise with Binance's listing announcement on Monday last week, continues its rise. The meme token, which broke a record at $ 2.44 last week, set its sights on highs again this morning and became $ 1.92.
While 2024 will be a year that will not be forgotten for a long time for meme coins, the latest craze is centered around Squirrel Peanut (#PNUT ). Before the elections in the USA, a big reaction was caused by the suspicion of rabies of a previously known squirrel in October, and many celebrities, including Elon Musk, reacted to this incident. The Republican wing turned this incident into an election movement against the Democrats.
Following this incident, a meme coin called Peanut The Squirrel (PNUT) was released at the beginning of November, and especially after the Binance listing on Monday of the organized week, PNUT started to fall greatly. PNUT's market value exceeded 500 million after this listing, and later 1 billion dollars.
The token's market value has increased by more than 2800% since the day the meme coin was released. The meme coin, which was deleted in the Solana ecosystem, rose to the 65th place in the cryptocurrency rankings.
All tokens are in circulation in the meme coin, which has a total token supply of 999 million.
Jim Miller, who defeated the UFC opponent, also known as the Cage Fight in UFC, also touched on this issue in his speech after the match last night and said, "Actually, we need to seek justice for the squirrel here. This is not just about him, but also about the children who were hungry and looking for food outside that night... We should have spent our resources and money on them. I hope Elon Musk and DOGE will handle this."
Musk also shared Miller's speech from his own X account.
#PNUTUSDT #PNUTRush #MemeWatch2024 #binance
