Peanut The Squirrel (PNUT) Rallies 1091% After Elon Musk's Post
Peanut The Squirrel (PNUT) is making waves within the cryptocurrency community. The Solana-based memecoin has entered the top 100 projects by market cap and has a valuation of about $1.1 billion. Also Read: De-Dollarization: Russia-India Trade Nears $90 Billion & 90% Dollar-Free The memecoin is currently the best-performing cryptocurrency among the top 100 projects. PNUT has rallied by 24.4% in the last hour, 139.1% in the daily charts, and 1091.1% over the last week. Source: CoinGecko Why Is PNUT Rallying? PNUT’s sudden breakout follows Bitcoin (BTC) climbing to a new all-time high of $89,864.13 on Nov. 12, 2024. BTC’s rally is likely due to the positive market sentiment after Donald Trump’s victory in the US Presidential election. Peanut was an internet celebrity squirrel who passed away on Oct. 30, 2024. The PNUT token made its debut shortly after Peanut’s passing. Also Read: Massive Crypto Whale Buys 200 Million Dogecoin Worth $45 Million Peanut The Squirrel...