A squirrel-themed meme coin is gaining popularity on Solana.
Peanut Squirrel (PNUT) has surged more than 800% in the past week, making it one of the biggest gainers in that time frame.
The explosive growth of PNUT — from squirrel tribute to memecoin sensation
The crazy rise of PNUT is incredible.
The Solana-based token was launched two weeks ago in tribute to a squirrel that went viral and whose tragic story sparked outrage, and the token quickly became a trending topic.
These numbers are impressive.
PNUT has surged to $0.442 and its market cap now exceeds $442 million.
Record-breaking trading volume – In the past 24 hours, PNUT traded over $1.1 billion worth of PNUT, up 78% from the day before.
Investors have also piled in, with more than 45,000 holders worldwide.
Listings on major exchanges will only add to the momentum.
After being listed on Binance and OKX, PNUT’s price surged almost immediately due to increased accessibility.
PNUT’s market cap will be between $10 billion and $20 billion in the next 30-40 days.
This would make it the third largest memecoin in the world.
Is there room for growth? Why PNUT may just be getting started
Is there still room for PNUT to operate?
If you zoom out, this squirrel-themed coin might just be getting started.
Compared with meme coin giants such as PEPE and WIF, PNUT is still very small.
Its technical indicators point to further growth – a higher low is formed on the one-hour chart, which generally suggests that bulls are in control.
If PNUT does experience another rally, then based on the size of its previous rally, a potential target could be $0.611.
This means that PNUT will increase by 41% compared to now.
Predictions: PNUT may actually outperform PEPE in this bull run
With all the momentum – a top CEX listing, a growing holder base, and a popular mascot – it’s hard to ignore PNUT’s potential.
Work statement: Personal opinion, for reference only
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