🚨 What is PNUT? The Meme Coin Dancing to Elon Musk's Tune 🚨
This weekend, social media went wild as Peanut the Squirrel ($PNUT), a Solana-based meme coin, soared to $150 million in trading volume! Here’s the incredible story behind its rise and why Elon Musk’s influence made all the difference:
🐿️ The Heartbreaking Spark:
Peanut the Squirrel became a social media sensation with over 500,000 followers, adored by fans worldwide. But the story took a tragic turn when New York's Department of Environmental Conservation (DEC) seized and euthanized Peanut over rabies concerns, causing an uproar.
📈 From Viral Story to Crypto Surge:
The situation took off when Mark Longo, Peanut’s caretaker, shared the news, which quickly spread online. Elon Musk then took to X (formerly Twitter), criticizing the DEC’s actions with multiple posts that fueled public outrage and boosted PNUT’s visibility. His powerful statement, “The government should not be allowed to barge into your house and kill your pet!” drove the coin’s price to a peak of $0.14 before profit-taking set in.
💥 Political Impact and Campaign Spotlight:
The story gained further momentum in the lead-up to the U.S. presidential election. Musk’s support for Donald Trump has turned Peanut’s tragic story into a campaign focal point. Trump’s running mate, Senator JD Vance, even brought it up at a rally, citing it as an example of government overreach and misaligned priorities.
💸 Market Frenzy & Current Value:
With early buyers locking in profits, PNUT’s market cap has cooled to $49 million, with the price stabilizing around $0.04. Yet, the coin remains a powerful symbol of the unpredictable nature of social media-driven crypto.
❤️ Peanut’s Legacy Lives On:
In a heartfelt message, Mark Longo announced plans to set up a fundraiser in Peanut’s name, dedicated to helping those who cared about the beloved squirrel.
📲 Will you join the PNUT community and honor Peanut's legacy?
#USElections2024Countdown #TetherAEDLaunch #NovemberMarketAnalysis #GrayscaleXRPTrust