As a seasoned crypto investor with a knack for spotting trends and navigating through the volatile world of digital assets, I must admit, the rapid rise of PNUT, the squirrel-themed meme coin on Solana, has caught my attention. The 20% surge in its value following Coinbase’s announcement to list it is undeniably intriguing, especially considering its previous peak and subsequent dip.
Peanut the Squirrel, a digital currency based on the Solana platform, experienced a 20% increase in value following Coinbase’s announcement that they intend to add the token to their future listings.
The market value of PNUT soared to a staggering $1.34 billion, outranking well-known meme coins such as POPCAT and MOG COIN in terms of worth.
Coinbase to List PNUT meme coin after Binance and Bitget
The move by Coinbase to add PNUT to their listings sparked renewed curiosity among crypto traders, causing the token’s value to skyrocket to $1.35 – a 30% increase within just one day. According to CoinMarketCap, trading of PNUT significantly increased during this period, with volumes peaking at an impressive $1.5 billion.
The PNUT meme token rose to fame after a heated debate over a squirrel symbol, Peanut, on social media platforms went viral. This stirred up quite a buzz on the crypto-verse, especially Twitter. At one point, the value of this token skyrocketed to a market cap of $2.4 billion.
As more meme coins like PNUT are being added to Coinbase’s growing list, there’s an increasing trend of these tokens being listed on prominent exchanges, which is picking up speed.
Currently, PNUT stands as the 9th largest meme coin, boasting a market cap of more than $1.2 billion. Launched in early November via the widely-used platform Pump.fun, it swiftly gained Binance’s listing, causing its value to skyrocket by an impressive 300%, peaking at $2.44.
This year, Solana-based meme coins have seen a notable surge in popularity. As per data from CoinGecko, the total market capitalization of these tokens now amounts to approximately $20.5 billion.
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2024-12-12 02:02