‘Peanut’ the squirrel is useless, however the meme coin named after him continues to be mooning.
A late-night put up from technocrat Elon Musk slamming U.S. authorities for euthanizing the viral squirrel whereas failing to cost anybody from Jeffrey Epstein’s alleged consumer record preceded a quantity and worth spike, knowledge exhibits, displaying speculative fervor is alive and nicely available in the market.
(The “Epstein record” refers to high-profile people allegedly related to Jeffrey Epstein’s intercourse trafficking community. No official, verified public record exists.)
“Authorities is deeply damaged,” Musk wrote. “They arrested (and killed) Peanut, however haven’t even tried to file expenses in opposition to anybody on the Epstein consumer record.”
Inside minutes, Solana-based meme token PNUT spiked over 10% as merchants piled in on the name-drop.
PNUT, which has no affiliation with the precise squirrel or Musk, noticed buying and selling volumes surge over 120% from $65 million to $214 million in a 24-hour interval, in response to CoinGecko. The token’s worth briefly touched 23 cents earlier than cooling.
With no protocol, no utility, and no roadmap, PNUT trades purely on cultural resonance and reflexive hypothesis. That makes it a favourite for momentum hunters, and a token to observe for when controversial subjects do the rounds — no less than on Musk’s X.
Learn extra: Elon Musk Says America Celebration Will Embrace BTC as 'Fiat Is Hopeless'
