Recently, Binance launched the PNUT token, which has been rising continuously and attracted widespread attention. Many novices may not know what this coin is. Today we will give you a scientific introduction to reveal the story behind PNUT and possible investment opportunities in the future.

1. The origin of PNUT

The origin of everything stems from an outrageous incident. Some officials of the Democratic Party believed that it was illegal for a certain internet celebrity to keep a squirrel. So they sent a large number of police forces to capture the squirrel and finally decided to euthanize it. The squirrel's name is Peanut, and it has a large number of fans online and is deeply loved.

After the incident, the influencer complained tearfully on social media, which attracted widespread attention and condemnation. Musk also angrily expressed the improper behavior of government agencies through Twitter. Musk, a strong supporter of Trump, tweeted at a critical moment before the election: "The government is not arresting illegal immigrants and murderers, but killing squirrels, but Trump will save them."

The event cost a lot of money, and the Trump administration publicly condemned the Democrats' inefficiency and waste of taxpayers' money, which resonated with the public and became a key topic before the election.

At the same time, the PNUT token quickly became popular on the Solana chain, with trading volume exceeding hundreds of millions of dollars within a few hours. It was then quickly listed on Binance, with a market value exceeding $1 billion and stabilizing.


2. The squirrel incident resonated across the country, and Musk promoted reform

On the 12th, Musk was announced to be the head of the newly established "Government Efficiency Affairs Department", and he will lead the department to improve government efficiency. On the morning of the 13th, Musk responded to the famous V on Twitter and wrote: "A squirrel and a Meme coin saved America!"


The squirrel played a pivotal role in Trump's victory. In the past, the difference in votes between the two parties in the US election was sometimes only a few thousand votes, and the squirrel became a symbol of dissatisfaction with the current government. After Musk took office, he emphasized simplifying the government structure and improving efficiency, which further echoed his long-standing reform advocacy.


With Musk’s official announcement, PNUT’s status as a Meme coin has become more solid, gaining huge attention and support similar to DOGE, SHIB, and Pepe, and its market value continues to rise.

3. The rise of PNUT

In the cryptocurrency world, apart from Bitcoin, the most wealth-generating coin is Meme coin. DOGE and SHIB are two of the most representative examples. DOGE’s market value exceeded $100 billion at its peak, while SHIB’s market value reached $60 billion. Both are closely related to Musk, whose support helped boost their explosion.


In this bull market, Bitcoin broke through its all-time high, and DOGE's market value rose from $10 billion to $57 billion in just a few days, all of which were still influenced by Musk. The reason why meme coins have attracted so much attention is that they represent the world's biggest focus - Musk.

If DOGE in 2021 represents entertainment and popularity, then PNUT this time represents political reform and the future of the United States, and is the more mature side of Musk and Trump. PNUT is becoming a Meme coin with great potential in the current market.


4. PNUT seeks market opportunities from history

At this point, it is worth reviewing the historical performance of DOGE and SHIB, which provide useful references for predicting the future trend of PNUT.

DOGE：
• Following the Bitcoin bull market, it has been rising for six consecutive months.
• The increase was staggering, with each wave rising 10 times, and the market value soaring from 100 million to 100 billion US dollars.

SHIB:
• Similar to DOGE, SHIB also experienced a rise without a pullback, and its market value soared from hundreds of millions of US dollars to tens of billions of US dollars.
• Rising for six consecutive months, the increase reached 100 times.

This is a typical Meme coin market, relying on Musk's attention and market frenzy.

PNUT: As a new Meme coin, can PNUT reproduce the glory of DOGE and SHIB? Its current market value is only 1 billion US dollars. Compared with DOGE's 57 billion US dollars and SHIB's 24.4 billion US dollars, PNUT still has huge room for growth. As some industry leaders said, PNUT has become their heavy investment target.


V. Conclusion

Now, the funds in the market are all choosing around BTC, VC coins and MEME coins [$PNUT]. For investors, PNUT is one of the most promising MEME choices. If you are optimistic about the future of Meme coins, PNUT is undoubtedly a potential stock worth paying attention to.

As Musk's influence continues to expand,$PNUT The future is worth looking forward to. We may be witnessing the rise of a new round of Meme coins, and behind this is the power of politics, reform and new government.

Will #PNUT create the next Meme coin myth? This is undoubtedly worth waiting for.