PNUT price soared 1500% in a week, and the reasons are these three points!
#新币挖矿&盘前交易USUAL
PNUT has become the 56th largest cryptocurrency!
PNUT, a squirrel-themed meme coin, performed extremely well last week, breaking into the top 100 cryptocurrencies, and its price soared 1500%! Let's take a look at what happened.
First, Binance helped
PNUT became popular as soon as it was listed on Binance this week! As soon as Binance made a move, the token price soared, and liquidity, popularity, and trust all went up. Just like Punk and Simon's Cat before, Binance pushed and the price soared.
Second, Musk's support
PNUT, the coin, was inspired by a squirrel named Peanut. The squirrel was euthanized in New York, saying it was to check for rabies, but Tesla boss Musk was not happy, saying it was an abuse of power by the government. He also mentioned PNUT on Twitter from time to time, and the price of the coin soared with his popularity. Musk's influence is very strong, and Dogecoin is an example.
Third, the meme coin craze
Also, the meme coin market is very popular now. Tokens such as Pepe, dogwifhat, and Bonkeinu have all seen double-digit increases in 24 hours. The total market value of the meme coin market has exceeded 125 billion US dollars, more than double that of the beginning of the month!
It's that simple, and the price of PNUT has soared all the way.
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