How Fast Can Animal Memecoins Reach $1 Billion?

Peanut the Squirrel (PNUT): 11 days. Inspired by its playful and quirky mascot "Peanut the Squirrel,", which is depicted as a squirrel wearing a cowboy hat, PNUT is a memecoin built on the Solana blockchain. PNUT was, in fact, built upon the tragic backstory of Peanut, a real-life squirrel who was allegedly taken from his caretaker, Mark Longo, by New York’s Department of Environmental Conservation (DEC). Elon Musk then criticized the DEC’s actions, making PNUT his makeshift rally cry on X. A relatively newer entrant in the memecoin scene, PNUT’s rapid ascent was catalyzed by the publicity surrounding it as well as its listing on Binance on the 11th of November 2024, driving the coin’s market cap above $1 billion within the same month as its launch.#MarketPullback