Peanut

Solana

Elon Musk

Coin

<ul class="wp-block-list news-points">
 <li><strong>Solana meme coin sensation PNUT hits $1.3 billion market cap in 10 days.</strong></li>
 <li><strong>Elon Musk sparks meme coin frenzy with latest comments.</strong></li>
 <li><strong>Meme coin proponents advise caution amid market hype.</strong></li>
</ul>
<p>The Solana meme coin ecosystem is experiencing a surge in activity, fueled by the explosive growth of PNUT, a new meme coin inspired by a viral TikTok pet.</p>
<p>In the last 10 days, PNUT reached a market cap of $1.3 billion and is now the fourth-largest Solana meme coin. Additionally, PNUT is now eighth overall in meme coin rankings when its <a href="https://x.com/02_Millionaire/status/1856604544937144590" target="_blank" rel="noopener noreferrer nofollow">24-hour trading volume</a> surpassed WIFs’.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/SolanaFloor/status/1856632444969005075
 </div>
</figure>
<p>PNUT, or Peanut the Squirrel, is named after a popular pet on TikTok which was put down by environmental authorities due to illegal wildlife ownership.&nbsp; Many animal lovers and celebrities, including tech billionaire Elon Musk, were upset about this. On November 13th, Musk shared an image of the token in response to a post from Rabbit Hole about government spending.</p>
<h2 class="wp-block-heading" id="h-why-is-pnut-so-popular">Why is PNUT So Popular?</h2>
<p>Musk <a href="https://x.com/elonmusk/status/1856522886728822907" target="_blank" rel="noopener noreferrer nofollow">tweeted</a> “<em>a squirrel and a meme coin saved America</em>,” which got a lot of atten…</p>
<p>The post <a href="https://coinedition.com/new-meme-coin-pnut-surges-on-solana-driven-by-viral-tiktok-pet-and-elon-musk/" rel="noopener noreferrer nofollow">New Meme Coin PNUT Surges on Solana, Driven by Viral TikTok Pet and Elon Musk</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

New Meme Coin PNUT Surges on Solana, Driven by Viral TikTok Pet and Elon Musk

Table of Contents

Coin Edition

Other articles published on Nov 13, 2024

Political Betting Contracts, Cross-Chain Communication Advances, and Crypto Payments in Detroit

Kaspa (KAS) Faces Key Resistance Amid Bullish Momentum

Cantor Fitzgerald CEO Lutnick vies for US Treasury secretary post

Best Cryptos To Buy in the Bull Market – BlockDAG, Bitcoin, Solana & Cardano

Hamster Kombat Loses 86% of Active Users: Possible Reasons

RaveDAO and BNB Chain Present Thailand Nightopia: An Immersive Techno Experience Like No Other

Join our free newsletter for daily crypto updates!