Peanut

2024

United

Peanut the Squirrel

Following <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">Donald Trump’s</a> decisive victory in the 2024 U.S. presidential election, meme coins are gaining fresh momentum. <a href="https://coinpedia.org/price-analysis/will-dogecoin-hold-support-levels-or-drop-below/" target="_blank" rel="noreferrer noopener">Dogecoin (DOGE)</a> remains a leader, but the Solana-based meme coin <a href="https://coinpedia.org/price-prediction/peanut-the-squirrel-price-prediction-2024-2025-2030-will-pnut-price-10x/" target="_blank" rel="noreferrer noopener">Peanut the Squirrel (PNUT</a>) has stolen the spotlight, soaring over 1,500% in just the past week.   
The mid-cap meme coin PNUT, now valued at about $1.8 billion, has gained significant traction since its <a href="https://coinpedia.org/exchange/binance-review/" target="_blank" rel="noreferrer noopener">recent listing on Binance</a>. This exposure drove PNUT’s daily trading volume to an impressive $6.4 billion—more than triple its market cap—indicating high demand and widespread interest.   
Read more about this below.   
<h2 class="wp-block-heading" id="h-pnut-whale-makes-moves">PNUT Whale Makes Moves </h2>   
<a href="https://x.com/lookonchain/status/1856986263036825754" target="_blank" rel="noreferrer noopener">On-chain data</a> shows that PNUT’s largest holder controls around 27 million tokens, valued at over $51 million at the time of writing. This major trader has engaged in 39 token trades, though only 9 have been successful, with PNUT emerging as a big win.   
Between November 3 and 10, the trader purchased roughly $2.8 million worth of PNUT tokens, capturing a significant portion of the rally.   
As PNUT’s price climbs, this key holder has begun taking profits, gradually shifting funds to a newer meme coin called First Convicted Raccoon (FRED). Over the past two days, they’ve purchased $671,000 worth of FRED tokens, now holding an unrealized profit of $1.24 million on this investment.   [post_titles_links postid="379848"]   
<h2 class="wp-block-heading" id="h-why-fred">Why FRED?</h2>   
Inspired by PNUT’s gains, speculative traders are increasingly interested in FRED, which has shown strong growth. In the last 24 hours, FRED surged over 200%, trading at around $0.21 on Thursday, November 14, during the early New York session.   
According to recent on-chain data, FRED, with net liquidity of $5.2 million, is experiencing more buyer interest—72,000 buyers compared to 48,000 sellers. With a growing base of over 41,000 holders, FRED appears positioned for continued growth as interest builds.   
Who knew a squirrel and a raccoon could cause such a stir in the crypto world? Stay tuned for the next big meme coin sensation.

PNUT Coin Price Prediction: Are Whales Shifting to FRED?

Table of Contents

CoinPedia News

Other articles published on Nov 14, 2024

Solana’s Price Could Reach $300 Soon

FBI Raids Polymarket CEO's House; Seizes Phone, Electronics

Michael Saylor’s Wild $100K Bitcoin Party Plans

Simon’s Cat price could rise 66% after receiving strategic investment

$1 – $3 DOGE ATH Nears as Pioneer Memecoin Dogecoin Approaches Price Discovery Phase

How to get League of Kingdoms Arena?

Join our free newsletter for daily crypto updates!