Peanut the Squirrel (PNUT), a Solana-based meme coin, noticed its worth bounce by 20% after Coinbase introduced plans to incorporate the token in its itemizing roadmap.
PNUT’s market cap surged to $1.34 billion, surpassing different widespread meme cash like POPCAT and MOG COIN.
Coinbase to Checklist PNUT meme coin after Binance and Bitget
Coinbase’s resolution to listing PNUT reignited curiosity amongst cryptocurrency merchants, driving the token’s value to $1.35—a 30% spike inside 24 hours. In keeping with CoinMarketCap, buying and selling exercise for PNUT surged, with volumes reaching $1.5 billion throughout the identical interval.
Coibase has additionally added Gigachad (GIGA), one other Solana meme coin, to its itemizing roadmap. Nevertheless, GIGA’s value didn’t expertise the identical rally as PNUT.
PNUT meme coin gained prominence following a viral social media controversy involving a squirrel mascot named Peanut, which attracted important consideration on crypto Twitter. The token beforehand reached a market cap of $2.4 billion throughout its peak.
With Coinbase now including PNUT to its increasing roster of meme cash, the development of itemizing such tokens on main exchanges continues to achieve momentum.
PNUT is at present the ninth largest meme coin, with a market of over $1.2 billion. The meme coin was launched in early November utilizing the favored launchpad Pump.enjoyable. Binance listed the token rapidly after its launch, which noticed its worth surge by 300%, reaching an all-time excessive of $2.44.
Nevertheless, Binance has since obtained extreme criticism for itemizing meme cash with a low market cap. Some customers have additionally accused the trade of facilitating pump-and-dump. Binance can also be going through separate allegations of illegal worker termination and bribery.
In the meantime, Pump.enjoyable has additionally been beneath hearth after introducing a live-stream function on the platform. A number of customers have misused this function to advertise dangerous actions and monetary scams.
Most just lately, Pump.enjoyable blocked entry to UK customers after the FCA’s warning over unauthorized monetary companies. Regardless of controversies, the platform thrives financially, producing $215 million and deploying over 3.8 million meme cash.
General, Solana meme cash gained important reputation this 12 months. In keeping with CoinGecko knowledge, the general market cap of those tokens at present stand at $20.5 billion.
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