On November 11, affected by the listing on Binance, the price of PNUT reached US$0.28 in a short period of time, and in just 1 hour, its increase reached 141.15%.
On November 13, after Musk made the call, at around 8 p.m., the price of PNUT once again broke through $1.5 in a short period of time, reaching $1.515, an increase of 247.41% within 24 hours.
At around 9 o'clock on November 14, judging from the market situation, PNUT once again experienced a short-term price breakthrough, this time breaking through $2.5 to $2.4158, continuing to create a new historical high. Its 24-hour increase reached 422.3%.
Today, PNUT has become the fourth largest Meme coin by market value on Solana.
So how high can PNUT go?
In my opinion, in the current bull market, if a conservative estimate is made, the market value of PNUT may reach 5 to 8 billion US dollars.
I have reminded you many times that after Trump's election, the market will continue to hype the "Trump deal", and in this process there will be a strong money-making effect, so we must change our thinking in time and follow the market trend.
I suggest that everyone pay more attention to the MEME coin projects related to Trump and Musk. In these projects, there may be many opportunities with the potential for 10 times or even 100 times returns.
Maybe many people are still not very familiar with the PNUT project, so here, I will give you a brief scientific introduction to the relevant information.
Presidential Election
At first, the Democratic Party sent people to the home of a popular online celebrity with many fans, and also dispatched a large number of police officers, with the purpose of catching a squirrel. They believed that raising squirrels was against the law. The popular online squirrel, named "peanut", was very cute and had a lot of fans on the Internet.
Afterwards, the police first controlled the squirrel's owner, then captured the squirrel, and finally euthanized the squirrel.
When the internet celebrity complained about this incident with tears in her eyes, it immediately triggered a huge response, with voices of condemnation everywhere on the Internet. Musk was also very angry when he learned about this incident, and he posted several tweets in succession, denouncing the corruption of government agencies.
You know, Musk is the biggest supporter of Trump's candidacy. At the critical stage before the election, Musk wrote on Twitter: "Instead of arresting illegal immigrants and murderers, the government is killing a squirrel. But don't worry, Trump will save them."
Moreover, this series of actions cost a lot of money. The Trump administration office also issued a statement condemning the Democratic Party for its inefficiency and waste of taxpayers' money. This statement resonated a lot, and this matter has become a key event before the election.
Even Trump's eldest son, Donald Trump Jr., said: "The death of 'Peanut' (referring to the squirrel) should promote real change. Everyone should use their votes to drive the current government out of office."
Musk once again calls for a single squirrel
However, just because of Musk's words, the whole situation changed unexpectedly and dramatically, and then it started to soar as if it had been turned on and couldn't be stopped at all.
On the morning of the 13th, Musk wrote this sentence in response to a big V with millions of followers: "A squirrel and a meme coin saved America!" Musk's tweet further elevated the status of PNUT, allowing it to gain a status in the MEME coin market similar to that of Dogecoin in the 21-year bull market.
This squirrel played a very important role in Trump's election victory. You should know that in the past when the two parties were running for election, the final result was sometimes determined by a difference of only a few thousand votes. Therefore, this incident also triggered widespread dissatisfaction among the people with the current government.
Musk later joined the government's efficiency department, a move that echoed his previous tweets about streamlining institutions, improving efficiency, and saving the United States.
It just so happened that PNUT had already been launched on Binance at that time, and it had already received great attention and considerable trading volume, which was similar to the legends once created by Dogecoin and Shiba Inucoin.
But that’s not all. Musk continued to post tweets to express his attitude. When someone complained about the government spending a lot of money to study transgender monkey AIDS, Musk replied with a symbol representing “peanuts” (which is the meaning of the PNUT coin), continuing to convey his firm determination to change everything after experiencing the PNUT incident.
As Musk continues to speak out, the attention and trading volume of PNUT have continued to rise.
In the cryptocurrency world, in addition to Bitcoin (BTC), the two meme coins that can generate the greatest wealth effect are Dogecoin (DOGE) and Shiba Inucoin (SHIB). Dogecoin reached a market value of $100 billion at its peak, and Shiba Inucoin also reached a market value of more than $60 billion.
The reason why Dogecoin became so popular is that Musk has repeatedly "called for it", claiming that it is human currency and so on. The same is true for Shiba Inu Coin. The popularity of both of them is strongly related to Musk.
The market value myth they created has left a deep impression on people in the currency circle. Take this round of bull market as an example. When Bitcoin broke through its previous price high, Dogecoin started with a market value of more than 10 billion US dollars. In just a few days, it continued to rise to more than 40 billion US dollars. This wave of rise is also closely related to Musk.
The logic behind the flow of funds around Musk is actually very simple: in the cryptocurrency circle, what meme coins value is attention, or the so-called "attention", and on a global scale, the person who can attract the most "attention" is precisely Musk.
Crypto whales were the first to smell the PUNT profit opportunity:
On November 5, according to Lookonchain's monitoring information, in the past three days, a "whale" (large holder) who holds a large amount of cryptocurrency spent 13,642 Solana (SOL), which was equivalent to $2.22 million at the time, to buy PNut, FRED and OPK. However, as of that time, the "whale" had already suffered a floating loss of $1.44 million. Among them, he spent 7,142 SOL (or $1.16 million) to buy 14.46 million PNut, and the current loss amount is $553,400, and the loss ratio has reached -48%.
On November 6, according to monitoring by ai_9684xtpa, as PNut had a violent rebound of up to 127% in the past 24 hours, the mysterious "whale" who once spent 11,600 SOLs to hold PNut, FRED, and OPK had narrowed his floating loss from the original $1.48 million to $183,000, and was very close to recovering his investment. On the same day, a trader created a new wallet and spent 15,132 SOLs (worth about $2.8 million) in the past 2 hours to buy two cryptocurrencies, PNut and FRED. Specifically, the trader spent 11,582 SOLs (worth $2.14 million) and bought 17.35 million PNuts at a unit price of $0.12.
On November 10, according to the data provided by Solscan, the address starting with js5Lja has hoarded about 28.83 million PNuts in the past 6 days. According to the value at the time, its value has exceeded 2.4 million US dollars, making this address the largest holder of PNut.
On November 11, there were still reports of "whales" buying PNut. Subsequently, well-known cryptocurrency exchanges such as Binance and OKX launched PNUT, a meme coin. Since then, the trend of PNUT has become more and more crazy, and it is not surprising that the daily increase has reached three digits. If calculated based on the price of $0.128 before the market took off on November 11, as of 9:00 this morning, when it reached a peak of $2.27, the price of PNUT has skyrocketed by 1673% in just 4 days.
The market may enter a consolidation phase in the near future
There are some technical signs of a slowdown. On the 15-minute price chart, a bearish cross candlestick appeared, which generally means that sellers are quietly entering the market, and they are likely to buy when the price goes down. This may be seen as a warning sign that some investors feel that PNUT’s recent price gains may be difficult to maintain in the future.
Additionally, Chaikin Money Flow (CMF), an indicator that tracks the flow of money in and out of the token, shows that inflows have decreased recently. Taken together, these signs could mean that demand is not as strong and PNUT could be slowing down.
PNUT also has a demand zone between $0.7010 and $0.6499, which might find some support if the price starts to decline.
How much should this squirrel that saved America be worth?
In comparison, the current market value of DOGE is 57 billion US dollars, SHIPB is 14.4 billion, PEPE is 5.2 billion, and PNUTS is only 1 billion.
This will be the best target for big money to enter the market, so the rise of pnut is likely to be astonishing, and this will be the target of attention for big money around the world.
If we look back at the history of DOGE and SHIB, we can predict the trend of PNUT.
DOGE has been rising for six consecutive months during the Bitcoin bull market, with each wave of increase 10 times, from 100 million to 100 billion.
SHIB also rose without a pullback, from hundreds of millions of dollars to tens of billions of dollars, rising for six months in a row, an increase of 100 times. This is the power of mad cows and Musk.
This is the crazy bull market, this is the power of Musk.
And how will pnut go in this round?
If you are an institution or have big money, then there are only three choices: BTC, DOGE and PNUT.
How to choose? Perhaps it is not easy to make a wrong choice among 1.6 trillion bitcoins, more than 50 billion doges and 1 billion pnuts.
