Elon Musk provoked the growth of a little-known digital token

Editor’s note: not financial advice!

The Peanut the Squirrel (PNUT) meme token has soared by 200%, reaching $ 2.4 per coin, thanks to the support of Elon Musk. The growth followed a post by Musk on X (formerly Twitter), where he wrote: «America has been saved by a squirrel and a meme coin!». The token is now worth $ 2.23, up 167% over the past day.

New heights for PNUT

• PNUT has reached a market capitalization of $ 2.2 billion.
• The daily trading volume increased by 279.62%, exceeding $ 5.75 billion.
  The coin entered the top 50 crypto assets by market capitalization, ranking 47th.

Prerequisites for growth
Peanut the Squirrel was created after the scandalous story of the euthanasia of a pet squirrel named Peanut in New York, which caused a wave of outrage on social media. Musk, who is known for his support of meme tokens, joined the discussion, which stimulated interest in the token. PNUT is the third largest meme coin on the Solana blockchain SOL $216.93 Solana -0.49% Market capitalization $102.39 billion VOL. 24 hours $0.99 billion after Dogwifhat (WIF) and Bonk (BONK), and is the seventh largest meme token among all blockchains. Its listing on Binance has only increased investor interest.

The No Worries editorial team strongly recommends against investing your own money in dubious crypto projects and little-known digital assets!