‘Peanut’ the squirrel is useless, however the meme coin named after him remains to be mooning.
A late-night publish from technocrat Elon Musk slamming U.S. authorities for euthanizing the viral squirrel whereas failing to cost anybody from Jeffrey Epstein’s alleged shopper record preceded a quantity and worth spike, knowledge reveals, displaying speculative fervor is alive and effectively out there.
(The “Epstein record” refers to high-profile people allegedly linked 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 fees towards anybody on the Epstein shopper 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, based on 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 matters do the rounds — not less than on Musk’s X.
Learn extra: Elon Musk Says America Celebration Will Embrace BTC as ‘Fiat Is Hopeless’