A new frenzy is shaking the cryptocurrency market, this time fueled by a squirrel-inspired memecoin called PNUT. After a single tweet from Elon Musk, the Solana-based token $SOL saw its capitalization explode to $120 million. This rapid rise is a testament to the power of social media to boost small-cap cryptos. But be careful! PNUT’s rapid fluctuations are also a reminder of the intense volatility of memecoins. Will this trend persist or fizzle out as quickly as it started?
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