The post Pnut (PNUT) crypto token soars over 100% ahead of U.S. election appeared on BitcoinEthereumNews.com.

In a surreal twist to the meme coin frenzy, Pnut (PNUT)—Peanut the Squirrel’s own cryptocurrency token—has skyrocketed over 100% as it rallies around U.S. election hype and support from none other than Elon Musk.  Currently trading at $0.006533, up a jaw-dropping 96% on the day and a remarkable 156.23% over the past week, according to CoinMarketCap data at the time of publication. Pnut 1-day price chart. Source: CoinMarketCap With a market cap sitting at $644,610 and a 24-hour trading volume that surged to $1.11 million (up 106.89%), this community-driven token is generating buzz on the Solana blockchain and has captured the attention of traders.  Launched on November 4, PNUT began trading at $0.002767 on Solana’s decentralized exchange Raydium, and has since catapulted to the forefront of the meme coin market.  PNUT/SOL on Radium DEX. Source: CoinMarketCap Outrage over Peanut the Squirrel in the U.S. The story of PNUT isn’t just another meme coin fairytale—it’s rooted in the memory of Peanut, a beloved pet squirrel, and the public outrage that followed Peanut’s untimely demise.  Notably, the token’s rise has been propelled by Musk, who voiced his support in an impassioned exchange on Joe Rogan’s podcast on November 4.  The government should not be allowed to barge into your house and kill your pet! That’s messed up. Even if it is illegal to have a pet squirrel (which it shouldn’t be), why kill PNut instead of simply releasing him into the forest!? https://t.co/2m9Gi5QpUT — Elon Musk (@elonmusk) November 3, 2024 Musk criticized government intervention in the life of the late “squirrel star,” lamenting, “It was a beloved pet squirrel… and the Government barges into people’s houses and kills them. This should get people mobilized.” Rogan chimed in with his own thoughts, saying, “Why would you kill that cute little squirrel? The interactions…

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Filed under: News - @ November 5, 2024 4:19 pm