🔥 Solana meme coin PNUT surges 12%! Whales hoarding drives breakthrough, $1 is within reach! 🚀

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Peanut the Squirrel (PNUT), a Solana-based meme coin, has recently been driven by a large amount of whales hoarding, and the price has risen by 12% in the past 24 hours, breaking through $0.70. PNUT has rebounded strongly from the $0.50 support level, and the open interest has surged by 35%. The market is optimistic that it will reach $1 or even higher next!

Whales hoard, PNUT price surges

PNUT has experienced some fluctuations in the past period of time, especially during the US presidential election, when PNUT's market value once exceeded $1 billion. But as whales continue to increase their holdings, PNUT prices have begun to rebound. Spot on Chain, a blockchain analysis platform, shows that the whale wallet "FFDAa" recently withdrew 10 million PNUT from Binance, with a total value of approximately $6.1 million, accounting for almost 1% of the total supply. This action has strengthened investors' confidence in the long-term potential of PNUT.

Future trend of PNUT: target $1

As the price of PNUT breaks through the downward trend line, the market's expectations for its rise to $1 or even higher are gradually heating up. Cryptocurrency exchange Coinbase announced that it will list PNUT, but it has not yet been officially launched. The news brought a lot of liquidity to PNUT, further driving the price increase. In addition, the demand for PNUT in the futures market has also been strong, with an increase of 35% in open interest, indicating that futures traders are confident in its prospects.

The rise of Solana memecoin

In 2024, memecoins based on Solana attracted great attention, especially the rebound of Fartcoin, which further boosted the popularity of the entire memecoin industry. Investors expect that the meme coin market will continue to be hot in 2025, and PNUT, as a star coin, has huge upside potential.

Driven by whale hoarding, PNUT's price rebounded rapidly and is expected to continue to rise. With increased liquidity and strong market demand, PNUT may break through $1 and even set a new record high!

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