Today, the memecoin $PNUT surged to a new high,
up nearly 200%, and its market cap exceeded $1.3 billion, becoming the 78th largest cryptocurrency. This price surge may be related to Musk's interaction on X, where he mentioned "a squirrel and a memecoin saved America" when talking about the upcoming "Department of Government Efficiency".
PNUT is a memecoin based on the Solana blockchain, inspired by a pet squirrel named Peanut. Recently, New York State authorities euthanized him due to rabies risks, which caused widespread controversy, including criticism from Musk, and may have further driven the price of PNUT.