Peanut

Peanut the Squirrel

Elon Musk

Peanut the Squirrel (PNUT), a meme coin based on Solana, has reached a trading volume of $230 Million in less than 48 hours, after a social media celebrity pet Squirrel “Peanut” was euthanized by New York City officials, thereby triggering an outrage led by Elon Musk and US Presidential Candidate Donald Trump.
A massive outrage on the internet and statements from prominent personalities led to PNUT’s proce soaring as high as $0.14, just 24 hours after it was launched.
The entire episode began when Mark Longo, Peanut’s guardian, posted on <a href="https://www.instagram.com/p/DBwhVpdymnG/" target="_blank" rel="noopener noreferrer nofollow">Instagram</a> that DEC had captured and euthanized his pet squirrel, along with another raccoon called Fred, over rabies fears. Peanut had over half a million fans online and after the tragic news went viral, the case has become sort of a flashpoint in <a href="https://www.bbc.com/news/articles/cdj3l1zyj93o" target="_blank" rel="noopener noreferrer nofollow">U.S. politics</a>, a day ahead of elections.
At the North Carolina rally, Trump’s running mate JD Vance said Trump was so ‘’fired up’’ when he heard about the fate of Peanut and compared this as an example of excessive government control. Elon Musk, Tesla’s CEO, became acquainted with the subject and did not hesitate to demonstrate his displeasure with such methods in his <a href="https://x.com/elonmusk/status/1852914164093550795" target="_blank" rel="noopener noreferrer nofollow">post</a> on X, stating, “No government should be able to just walk into your home and kill your pet! What is this madness?”
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Vote For PNut! For Liberty! For Freedom!— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1853260913690005634?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 4, 2024</a>
 </blockquote>
 </div>
 <figcaption class="wp-element-caption">
 Source: Twitter
 </figcaption>
</figure>
Nevertheless, the cryptocurrency’s bullish trend has since reversed, as the total market cap pared down to $49 million while the price was reduced to $0.04 with the early investors booking profits.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXejVUDUSLRnbbtklnXF0HozV_KemdWjXQy8HYHiHb8XnNhtcOiUy7Yc98lO80mpB2PhOSPfY-uE6kXyJliE9j0BC3mOMIACj0ebpRL4FZkGejYHcdNV5QDvV-hOu3LdxKYzbU33ZvMr0hEXZo7lKKablYc?key=OdMKSADjjd2GBllESjXIVjMR" alt="AD 4nXejVUDUSLRnbbtklnXF0HozV KemdWjXQy8HYHiHb8XnNhtcOiUy7Yc98lO80mpB2PhOSPfY uE6kXyJliE9j0BC3mOMIACj0ebpRL4FZkGejYHcdNV5QDvV">
</figure>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Source:<a href="https://www.coingecko.com/en/coins/peanut-the-squirrel" target="_blank" rel="noopener noreferrer nofollow">Coingecko&nbsp;</a>
Longo, who is still mourning the death of his pet, has announced that he would like to launch a fundraiser in honor of his pet, stating that, “I will create a fundraising campaign for those who wish to send money in Peanuts name. This non profit shall not die as well as those that fell in love with peanut, I shall not quit!”
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/10/30/bitcoin-ethereum-or-solana-who-will-win-the-race-amid-u-s-elections/" rel="noopener noreferrer nofollow">Bitcoin, Ethereum or Solana: Who Will Win the Race amid U.S. Elections?</a>
</blockquote>

PNUT Memecoin Soars Amid Justice for Squirrel Launched by Musk

The Crypto Times

Other articles published on Nov 4, 2024

DWF Labs Dismisses Partner Amid Drink-Spiking Allegations in Hong Kong

Ripple Price Prediction: Make Or Break Situation For XRP Token?

a16z Crypto Injects $23M into Fairshake In Bipartisan Candidate Boost

Victory Securities to launch first SFC-approved virtual asset structured products in Hong Kong

Crypto whales bet big on Trump win ahead of US election

Vitalik Buterin Calls Michael Saylor's Bitcoin Custody Remarks “Batsh*t Insane”

Join our free newsletter for daily crypto updates!