The PNUT token, a meme cryptocurrency based on the Solana blockchain and inspired by the Instagram-famous squirrel Peanut, saw a 28% increase in value after Elon Musk retweeted a clip from his interview with Joe Rogan. In the video, Musk and Rogan discuss the controversial confiscation and euthanasia threat against Peanut. Musk’s tweet, which simply read “For PNut,” resonated with his followers and reignited interest in the token, leading to a strong market reaction.

Musk's Tweet Sparks Market Interest and 28% Price Boost for PNUT

Musk’s retweet triggered a notable surge in the PNUT token’s market value, raising its market cap to approximately $43.22 million. This rapid increase highlights the significant influence of high-profile figures like Musk in the cryptocurrency market, where even brief mentions on social media can dramatically shift market sentiment. As of now, PNUT’s price has settled, showing a slight 2.33% decline in the past 24 hours, trading at $0.05096.

A Call for PNUT Supporters and Advocates of Peanut's Legacy

Musk’s endorsement has reignited interest in both the PNUT token and Peanut’s story, which has become a symbol of resistance against government overreach. Mark Longo, Peanut’s owner, has leveraged Peanut’s popularity to create meaningful change by founding an animal sanctuary, Freedom Farm, in Pine City. Longo explains, “We started a nonprofit, P’Nut’s Freedom Farm, to honor Peanut’s legacy. Since relocating from Connecticut to New York, we've rescued over 300 animals in Peanut’s name.”

Musk and Rogan Criticize Government Overreach

In the video clip, Musk and Rogan voice strong opposition to the government’s actions against Longo’s animals, criticizing them as an example of unnecessary intervention under the Biden administration. The incident, which involved the confiscation and euthanasia of Peanut and a raccoon, is viewed by Musk and Rogan as excessive and dismissive of animals raised in domestic environments.

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This article is for informational purposes only and should not be considered financial, investment, or professional advice. Cryptocurrency investments carry inherent risks, and readers should exercise caution, understanding the potential for financial loss.

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