Luckiest Trader Ever? From $16 to $3 Million in 2 Weeks on a Meme Coin$PNUT
A meme coin trader just became a millionaire off a $16 gamble on Peanut the Squirrel (PNUT) in under two weeks—here’s how it happened.SOL price
Peanut the Squirrel (PNUT) is the meme coin inspired by the pet squirrel turned social media sensation. Before Peanut made headlines around the world, it had already amassed more than 500,000 followers on Instagram. Then, New York state authorities seized the squirrel, alongside a raccoon named Fred, and euthanized it over fears it may have rabies. The story really caught fire after that.
As people started making noise about the pet’s death, Elon Musk joined the fray with a flurry of tweets. It then even became a political issue in the run up to the U.S. presidential election, with Vice President-elect JD Vance quoted as saying at the time that Donald Trump was “fired up” about the story.
Around this time, the PNUT meme coin hit a market cap of $120 million, climbing even further to $180 million after Trump won the election. But still our lucky trader didn’t sell—nuts of steel.
That proved to be a wise move. Early this week, PNUT became the first Pump.fun token, alongside ACT, to be listed for spot trading on Binance, the world’s largest crypto exchange by trading volume. The price of PNUT spiked 247% in a matter of hours, climbing to a market cap of $530 million over the next day.