{"id":653131,"date":"2024-11-15T04:30:47","date_gmt":"2024-11-15T04:30:47","guid":{"rendered":"https:\/\/ktsl888.com\/?p=653131"},"modified":"2024-11-14T15:17:19","modified_gmt":"2024-11-14T15:17:19","slug":"pnut-climbs-200-for-fresh-ath-after-elon-musk-tweet-details","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/pnut-climbs-200-for-fresh-ath-after-elon-musk-tweet-details\/","title":{"rendered":"PNUT Climbs 200% For Fresh ATH After Elon Musk Tweet – Details"},"content":{"rendered":"

Peanut the Squirrel has rapidly gained prominence in the cryptocurrency sector, establishing itself as a leading memecoin on the Solana blockchain.\u00a0Within a 24-hours span, PNUT surged almost 200% to attain an all-time high price of $2.4<\/a> on November 14, before stabilizing at approximately $2.23.<\/p>\n

Related Reading: Shiba Inu Price Watch: 60% Rally Catches Whale Attention \u2013 Is More Growth Ahead?<\/a><\/div>\n

This rapid ascent has rendered it the highest daily gainer and elevated its market capitalization to about $1.8 billion<\/a>, securing its position within the top 50 cryptocurrencies.<\/p>\n

\"\"
PNUT hits a new ATH today. Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n

The Excitement Surrounding The Increase: The Elon Musk Influence<\/strong><\/h2>\n

The increase in PNUT’s price can be mostly ascribed to a tweet from Elon Musk, in which he remarked, “America was saved by a squirrel and a meme coin!”<\/p>\n

This tweet rapidly gained popularity, akin to the other endorsements made by Elon Musk that have propelled other memecoins, such as Dogecoin, to new heights.<\/p>\n

The origin of PNUT enhances its appeal; it was established in reaction to popular indignation about the euthanasia of a pet squirrel<\/a> named Peanut by New York City’s Department of Environmental Conservation. This occurrence elicited extensive sympathy and discourse on social media channels, highlighting the token.<\/p>\n

PNUT is currently trading at $1.92. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Apart from the influence of Elon Musk, PNUT has profited from the broader increase in the bitcoin market, partly resulting from recent political developments following the triumph of the Republicans in the US elections.<\/p>\n

While these factors are associated with a period of increased market activity and speculation, many investors are now turning their attention to PNUT in anticipation of possible gains.<\/p>\n

PNUT: Trading Activities And Market Positioning<\/strong><\/h2>\n

The escalation of the trading volume of the meme coin courtesy of an Elon Musk social media post, however, increased by nearly 280% during the same 24-hour period making it approximately $5.75 billion. This upsurge in trading activity is indicative of the strong fervor and expectation level possessed by investors towards the token\u2019s future performance.<\/p>\n

Subsequent to its recent debut on Binance, PNUT has garnered attention and is currently ranked as the third-largest memecoin on Solana, following established entities such as dogwifhat (WIF) and Bonk (BONK).<\/p>\n

Market analysts exhibit optimism regarding PNUT’s future prospects. Technical indications indicate a bullish trend, with forecasts suggesting a potential 300% gain in value in the forthcoming days. Should PNUT surpass its existing resistance level of $2.3, it could facilitate the attainment of elevated ambitions.<\/p>\n

Related Reading: Solana Rising: Key Metrics Hint At Serious Ethereum Competitor<\/a><\/div>\n

The Road Ahead<\/strong><\/h2>\n

Many investors want to find out if PNUT can keep its momentum and reach fresh highs. There is clear excitement about this memecoin; some estimate it may hit $6 immediately if it continues its increasing trend. All cryptocurrencies still naturally have volatility, though.<\/p>\n

Peanut the Squirrel’s rise reflects bitcoin’s rapid wealth swings. PNUT’s unique tale and solid sponsorships have drawn cryptocurrency newcomers and veterans. As the story progresses, PNUT’s ability to dominate the ever-changing digital asset market will be highlighted.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Peanut the Squirrel has rapidly gained prominence in the cryptocurrency sector, establishing itself as a leading memecoin on the Solana blockchain.\u00a0Within a 24-hours span, PNUT surged almost 200% to attain an all-time high price of $2.4 on November 14, before stabilizing at approximately $2.23. Related Reading: Shiba Inu Price Watch: 60% Rally Catches Whale Attention \u2013 Is More Growth Ahead? This rapid ascent has rendered it the highest daily gainer and elevated its market capitalization to about $1.8 billion, securing its position within the top 50 cryptocurrencies. The Excitement Surrounding The Increase: The Elon Musk Influence The increase in PNUT’s price can be mostly ascribed to a tweet from Elon Musk, in which he remarked, “America was saved by a squirrel and a meme coin!” This tweet rapidly gained popularity, akin to the other endorsements made by Elon Musk that have propelled other memecoins, such as Dogecoin, to new heights. The origin of PNUT enhances its appeal; it was established in reaction to popular indignation about the euthanasia of a pet squirrel named Peanut by New York City’s Department of Environmental Conservation. This occurrence elicited extensive sympathy and discourse on social media channels, highlighting the token. Apart from the influence of Elon Musk, PNUT has profited from the broader increase in the bitcoin market, partly resulting from recent political developments following the triumph of the Republicans in the US elections. While these factors are associated with a period of increased market activity and speculation, many investors are now turning their attention to PNUT in anticipation of possible gains. PNUT: Trading Activities And Market Positioning The escalation of the trading volume of the meme coin courtesy of an Elon Musk social media post, however, increased by nearly 280% during the same 24-hour period making it approximately $5.75 billion. This upsurge in trading activity is indicative of the strong fervor and expectation level possessed by investors towards the token\u2019s future performance. Subsequent to its recent debut on Binance, PNUT has garnered attention and is currently ranked as the third-largest memecoin on Solana, following established entities such as dogwifhat (WIF) and Bonk (BONK). Market analysts exhibit optimism regarding PNUT’s future prospects. Technical indications indicate a bullish trend, with forecasts suggesting a potential 300% gain in value in the forthcoming days. Should PNUT surpass its existing resistance level of $2.3, it could facilitate the attainment of elevated ambitions. Related Reading: Solana Rising: Key Metrics Hint At Serious Ethereum Competitor The Road Ahead Many investors want to find out if PNUT can keep its momentum and reach fresh highs. There is clear excitement about this memecoin; some estimate it may hit $6 immediately if it continues its increasing trend. All cryptocurrencies still naturally have volatility, though. Peanut the Squirrel’s rise reflects bitcoin’s rapid wealth swings. PNUT’s unique tale and solid sponsorships have drawn cryptocurrency newcomers and veterans. As the story progresses, PNUT’s ability to dominate the ever-changing digital asset market will be highlighted. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":653158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,8375,85699,93362,93363],"class_list":["post-653131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-elon-musk","tag-memecoin","tag-peanut","tag-squirrel"],"acf":[],"yoast_head":"\nPNUT Climbs 200% For Fresh ATH After Elon Musk Tweet - Details<\/title>\n<meta name=\"description\" content=\"Peanut the Squirrel has rapidly gained prominence in the cryptocurrency sector, establishing itself as a leading memecoin on the Solana blockchain.\u00a0Within\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/pnut-climbs-200-for-fresh-ath-after-elon-musk-tweet-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PNUT Climbs 200% For Fresh ATH After Elon Musk Tweet - 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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