Squirrel Pnut latest news

The market value of Squirrel Pnut exceeded 2.3 billion, ranking 53rd, becoming the sixth largest MEME coin, second only to DOGE, SHIB, PEPE, WIF, and BONK. The coin was born only 14 days ago. The trading volume on Binance is second only to SOL.

What is Squirrel Pnut?

Speaking of PNUT, we have to start with a squirrel named Peanut. This Peanut is a very popular little guy on the Internet. He is naughty and friendly, and has a large number of fans.

People found it funny and liked it more and more, and later it became a mascot for people who care about animal welfare and things on the Internet.

Musk first mentioned PNUT:
PNUT was originally a niche meme coin on Solana, and few people knew about it. Until one day, tech tycoon Musk intervened because the squirrel Peanut was seized by the State of New York and euthanized!

The Internet was in an uproar, and the media followed suit, and the incident became a big deal. Musk was originally a fan of Dogecoin and other meme coins, and he criticized them online, and as a result, everyone rushed to buy PNUT, and the price soared.

Musk mentioned PNUT for the second time:
On November 13, 2024, Musk responded to netizens on social media, saying that the United States was saved by the meme coin of the squirrel Peanut. As soon as this was said, the price of PNUT went crazy again, rising by 100% in a short time, and the trading volume in one day reached 5.021 billion! When I wrote this article, the price of PNUT has risen to about 2.29 US dollars, an increase of about 337% in one day!

How high can the price of Squirrel Pnut rise?

In the cryptocurrency world, apart from BTC, the two memes with the greatest wealth effect are doge and shib. The former was worth 100 billion US dollars at its peak, and the latter was worth more than 60 billion US dollars.

Doge became popular because Musk repeatedly said it was the currency of mankind, and the same is true for shib, both of which are strongly related to Musk.

Their market value myth left a deep impression on people in the currency circle. When Bitcoin broke through its previous high in this bull market, doge's market value rose continuously from more than 10 billion US dollars to more than 40 billion US dollars in just a few days. This wave of rise was also related to Musk.

The logic behind the funds surrounding Musk is simple: meme coin is attention, and the world's greatest attention is Musk.

In contrast, if doge in 2021 is entertainment, fashion, pop culture, and young Musk; this time, pnut is politics, reform, the destiny of the United States, and middle-aged Musk.

How much should this squirrel that saved America be worth?

In comparison, the current market value of DOGE is 57 billion US dollars, SHIPB is 14.4 billion, PEPE is 5.2 billion, and PNUTS is only 1 billion.

This will be the best target for big money to enter the market, so the rise of pnut is likely to be astonishing, and this will be the target of attention for big money around the world.

A Dogecoin tycoon with a net worth of tens of billions told me that Pnut has succeeded and he has finally invested heavily again.

I still remember clearly the story of another super tycoon who told me that he bought DOGE with 100 BTC at a market value of 5 billion during the last bull market, and sold 800 BTC in the end.

2024/11/14 Market Funding Focus

1. BN rising list: basically all memes, pnut pepe wif people act, etc.

2. Altrank ranking rises: the top 6 are all memes, pepe doge floke wif bome act

3. Trading volume: basically memes and public chains

4. Turnover list: The turnover list of aicoin has poor reference data and is rather messy, which may be due to the statistics of low-market-cap stocks.

5. BN sector: Solana and meme have large trading volumes.

Conclusion: Even without looking at the data, you can feel that it is a meme. Next, we need to make a more detailed classification of memes. The current main narrative is basically determined to be a meme. Finding the center point in the meme is the most profitable. $PNUT #PNUT走高