I believe $PNUT has a chance to challenge a market cap of $10B in this cycle.
First of all, from the perspective of trading volume, $PNUT has ranked third in the entire meme sector over the past seven days, only behind $DOGE and $PEPE. This indicates that the popularity of squirrels has not diminished after the election, and the community's trading enthusiasm remains very high. The reason why memes can independently become a track is mainly due to the strong binding relationship established between Musk and $DOGE in the last cycle. Currently, the top two meme coins by market capitalization are: $DOGE, $SHIB, both of which are concept coins associated with Musk, with the former at a market cap of 60B and the latter at 15B, while $PNUT is only at 1.1B. From this perspective, squirrels still seem very cheap. From a narrative viewpoint, $PNUT has the greatest narrative in meme history, with Musk stating: 'America was saved by a squirrel and a meme coin!'
Credit for Trump's victory goes to the squirrel, becoming the savior of America.
$PNUT's concept is Elon + Trump, which is a combination of the world's wealthiest and most powerful individuals. Missing out on this level of narrative may mean it can't be seen in the next cycle. The essence of crypto is the attention economy; where attention goes, buying pressure follows. For the same two coins, if both are pumped 100 times, the one with higher attention will see greater profits when the main players eventually cash out. Therefore, when choosing the targets for speculation, attention is always the primary factor. $PNUT not only has top-tier attention within the circle but its influence has also permeated outside the circle. Now, if you randomly ask an American passerby, they might not understand AI Agent or what DeSci is, but they are likely to have heard of $PNUT and know that the squirrel is referred to by Musk as 'the hero who saves America.' Currently, $PNUT's trading volume is almost daily close to or even exceeding its circulating market cap, which is quite unusual because high turnover rates usually occur during rapid price increases. The high turnover in the 1B market cap consolidation area for $PNUT indicates that a large amount of capital is absorbing floating profits, forming a new stable cost base.
$PNUT's market cap is only 1B, yet its trading volume far exceeds that of $WIF and $BONK (both of which have market caps about three times that of the squirrel). Who is buying? The answer is self-evident. The success of $SHIB in the last cycle was due to off-exchange retail investors eager to find 'who's the next $DOGE.' A massive influx of off-exchange capital created the second-largest meme market cap, $SHIB. Currently, among all mid and high market cap memes, $PNUT is most likely to become the target for this round of off-exchange retail investors. Everything is ready except for the east wind. If the fiat channels are opened, it's possible for squirrels to reach 5B or even 10B. Currently, the most important fiat channels are Coinbase and Robinhood App. The power of American retail investors was key to the explosive rise of $DOGE and $SHIB in the last cycle. From the perspectives of audience/narrative/trading volume, it is extremely reasonable for these two exchanges to list $PNUT. A few days ago, a post on Coinbase IG featured the squirrel, and listing the coin might just be a matter of time.
