How PNUT Hit $1 Billion in Record Time
The post How PNUT Hit $1 Billion in Record Time appeared on BitcoinEthereumNews.com.
Meme coins have changed cryptocurrency by blending it with internet culture. According to CoinGecko research, Peanut the Squirrel shattered records, reaching a $1 billion market cap in just 11 days. This feat outpaced Dogecoin, which took 1,487 days to achieve the same milestone. PNUT’s success highlights the strategies behind meme coin dominance, where timing, virality, and storytelling drive value. Meme Coin Era: PNUT and PEPE Set New Trends Peanut the Squirrel’s rise began with its unique backstory. Inspired by a real squirrel removed from its caretaker by New York’s Department of Environmental Conservation (DEC), PNUT tapped into public outrage. Elon Musk amplified the story on X, rallying support for the squirrel. Its adorable mascot, a cowboy hat-wearing squirrel, boosted its viral appeal. A Binance listing on November 11 further propelled its market cap beyond $1 billion within just days of launch. Days to $1 Billion Market Cap, Animal Meme Coins. Source: CoinGecko. PNUT’s ascent meditates a new meme coin era, but other tokens also achieved massive success. Pepe, inspired by the famous green frog meme, reached $1 billion in just 19 days. Its rise relied on Reddit and X virality, combined with Binance and KuCoin listings. Brett, built on the Base blockchain, hit the milestone in 28 days by leveraging the platform’s growing popularity. Dogwifhat (WIF,) a dog-themed token on Solana, reached $1 billion in 81 days using humor and community loyalty. SHIB dubbed the “Dogecoin Killer,” achieved the same milestone in 289 days with its viral marketing. In contrast, Dogecoin’s journey to $1 billion spanned over four years, relying on grassroots support and very many endorsements from Elon Musk. Meme coins have evolved to rely on speed, sentiment, and strategic launches. PNUT launched during a peak in animal-themed token popularity, while Solana’s low-cost infrastructure enhanced its adoption. Older tokens…
Filed under: News - @ December 4, 2024 2:21 pm