Musk supports PNUT coin again! How come PNUT has skyrocketed dozens of times in just one week?
Recently, MEME coin Pnut has become the new favorite of speculators, and its market value has exceeded 100 million US dollars in one day. PNUT is a meme coin based on Solana. At the beginning, it was just a niche cryptocurrency with no big reputation. It was just to commemorate the squirrel peanut.
This matter is related to the news that the American Internet celebrity squirrel Peanut was euthanized after being "caught". Peanut has a lot of fans. When it went, the Internet exploded, especially when big Vs like Musk got involved, this matter became a big news in the United States, and there was a lot of scolding on the Internet.
Peanut was a big celebrity on social media, but he was arrested for "illegal breeding" and euthanized. As soon as this happened, the Internet immediately became popular, and even Musk stood up to speak.
Musk said on Twitter: "America has to be saved by a squirrel and a meme coin." As a result, PNUT immediately rose, up 51% in 24 hours.
Musk also came to mourn
Elon Musk, the boss of Tesla and SpaceX, also joined the ranks of mourning Peanut. He posted several posts about Peanut on social media, criticizing the decision of the Ministry of Environmental Protection, saying: "How can the government break into your home and kill your pet? This is too much!"
Musk's involvement made the matter popular, and PNUT became a symbol of protest. People buy PNUT to support animal rights and protest against the government's improper handling.
PNUT price
Bitget data shows that under the influence of Musk, PNUT rushed to $0.64, up 51% in 24 hours.
PNUT is still rising, now it is $0.9473, the highest in 24 hours is $0.9890, the lowest is $0.3073, and the trading volume is $1.2 billion, which is -2.90% less than yesterday. Market activity has cooled down a bit. PNUT has a market value of $800 million, and ranks 127th on CoinGecko, with an increase of 85.6%.
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