Coinbase has formally listed Peanut the Squirrel (PNUT) on its platform, marking a big milestone for the memecoin.
The itemizing, now dwell on Coinbase.com and its cell apps, permits customers to purchase, promote, convert, ship, obtain, or retailer PNUT. Regardless of this improvement, PNUT’s worth has remained stagnant, nonetheless down 80% from its all-time highs.
Sometimes, listings on tier-1 exchanges like Coinbase generate vital worth surges for cryptocurrencies. Nevertheless, PNUT’s lackluster market response raises questions on whether or not this transfer will function a turning level for the memecoin or just add to its present hype cycle.
Coinbase had beforehand introduced the itemizing date by way of its Belongings deal with on X (previously Twitter), stating that buying and selling would begin on January 14, 2025, offered liquidity situations have been met. Following the itemizing, buying and selling for the PNUT-USD pair started in phases as liquidity reached enough ranges.
Now that PNUT is dwell on Coinbase, market watchers are wanting to see if this can ignite momentum for the struggling cryptocurrency or if it’s going to stay overshadowed by its steep decline. The itemizing represents a chance for broader publicity, however the market’s response thus far means that restoration may require extra than simply entry to a significant change.
