The market has set off a "squirrel storm" caused by the "Laoma effect". When Lao Ma publicly stated that "a squirrel will save the rice pot", PNUT (squirrel coin) responded quickly and soared by more than 300% in one day, which not only ignited market sentiment, but also led the strong rise of the Solana ecosystem sector. As the PNUT craze spread, related derivative currencies such as FRED, SHRUB, and Opk also ushered in an increase of more than 1000%.
Laoma's remarks became the "catalyst" for the surge in PNUT, making "squirrel" the focus of heated discussion in the crypto circle. With the help of Lao Ma's extensive influence, the market attention of PNUT has risen sharply, from a steady rise to a surge of 300% in a short period of time, showing Lao Ma's great influence in guiding market sentiment.
The surge in PNUT not only increased the exposure of other projects on the Solana chain, but also triggered the entire Solana ecosystem. Market analysts pointed out that the so-called "squirrel effect" is not only reflected in the rise in coin prices, but also shows a new hype model in the Meme coin market, bringing new creativity and investment opportunities.