Solana Meme Coin PNUT Enters Top Cryptos List After 150% Rally
Peanut the Squirrel (PNUT), a new meme coin on the Solana blockchain, has experienced an astonishing 2,000% increase in price within a week.
Since its recent launch, PNUT has quickly gained traction, marking it as one of the top-performing tokens this week. As PNUT continues its remarkable rally, it has now reached another milestone in market value.
PNUT’s recent rally has propelled it into the ranks of the top 100 crypto assets by market cap. With its market cap surpassing $1 billion, PNUT has already outpaced established tokens like Algorand (ALGO), Raydium (RAY), and Bitcoin SV (BSV). The token’s listing on Binance has further fueled its growth, making it accessible to a broader audience and enhancing its market momentum.
The meme coin’s quick rise in market value speaks volumes about its impact. As it climbs the ranks among established cryptocurrencies, PNUT’s growth highlights the influence of market trends and listings on its performance. This high market cap and prominent listing reinforce its momentum and validate investor interest.
PNUT’s price soared by 154% on Wednesday, adding to the week’s gains and bringing its trading price to $1.15. This rise is a key part of the ongoing rally that has pushed the token’s gains to nearly 2,000%, showing no signs of slowing.
With the current meme coin market booming, PNUT could capitalize on this momentum, potentially reaching $2.00 if investor interest holds steady. This target remains attainable if market demand continues to support the coin’s upward trajectory.
However, if investors decide to book profits, PNUT’s price could face a pullback. Profit-taking could erase some of the recent gains, reflecting the volatility often seen with new meme coins.
