The PNUT token, a meme coin developed on the Solana blockchain and inspired by the Instagram-famous squirrel Peanut, experienced a 28% surge after Elon Musk retweeted a clip of his interview with Joe Rogan. In the video, Musk and Rogan discuss the controversial confiscation and euthanasia threat against Peanut. Musk’s tweet, simply stating “For PNut,” resonated with his followers, sparking renewed interest in the token and a strong market reaction.

Musk’s Tweet Drives Market Attention and 28% PNUT Price Surge

The retweet prompted a significant uptick in the PNUT token’s market value, raising its market cap to roughly $43.22 million. This rapid increase underscores the powerful influence of high-profile figures like Musk within the cryptocurrency market, where brief mentions on social platforms can shift market sentiment and drive price movements. Currently, PNUT’s value has settled, showing a 2.33% dip over the last 24 hours, trading at $0.05096.

A Renewed Call for PNUT Community and Peanut’s Advocates

Musk’s endorsement has revitalized interest in the PNUT token and the story behind Peanut, symbolizing resistance against perceived government overreach. Mark Longo, Peanut’s owner, has channeled the popularity of Peanut into meaningful action by establishing an animal sanctuary, Freedom Farm, in Pine City. Longo notes, “We started a nonprofit, P’Nut’s Freedom Farm, to honor Peanut’s legacy. Relocating from Connecticut to New York, we’ve since rescued over 300 animals – all in Peanut’s name.”

Musk and Rogan Criticize Government Intervention

In the shared clip, Musk and Rogan express strong opposition to the actions taken against Mark Longo’s animals, highlighting it as an example of government overreach under the Biden administration. The incident, which involved the confiscation and euthanasia of both Peanut and a raccoon, is seen by Musk and Rogan as unnecessary interference, reflecting a disregard for animals raised in domestic settings.

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Disclaimer:

The information provided in this article is for educational purposes only and should not be interpreted as financial, investment, or professional advice. Cryptocurrency investments carry risks, and readers should be cautious, acknowledging the potential for financial loss.

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