Peanut

Peanut the Squirrel

POPCAT

<p>Peanut the Squirrel (PNUT) emerged as a memecoin based on the happenings during the U.S. election period. It quickly captured the attention of traders, especially those fond of <a href="https://www.thecoinrepublic.com/2024/11/12/pepe-price-surges-as-bullish-momentum-builds-ath-next/">memecoins</a>.</p> 
<p>From inception, PNUT gained quick traction as it was linked to unique real-world-event where a pet, “Peanut the Squirrel” belonging to, Trump’s supporter was killed by Kamala’s supporters eliciting reactions across the US and Binance listing made it only become more parabolic.</p> 
<p>Binance listing further propelled PNUT by more than 1300%, highlighting the impact of major exchange listings on crypto assets, particularly memecoins.</p> 
<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">
   <p lang="en" dir="ltr">The price of <a href="https://twitter.com/search?q=%24Pnut&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Pnut</a> rose by more than 1300% after <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> announced its listing!<br><br>A trader spent $721K to add 1.92M <a href="https://twitter.com/search?q=%24Pnut&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Pnut</a> at $0.38 after <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> announced the listing.<br><br>The trader has held it since, and the unrealized profit has exceeded $2.2M!<a href="https://t.co/nwx9Ndvzt2">https://t.co/nwx9Ndvzt2</a> <a href="https://t.co/jiQTlT5gjy">pic.twitter.com/jiQTlT5gjy</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1856712192118423958?ref_src=twsrc%5Etfw">November 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>A trader spent $721K to purchase 1.92 Million PNUT at $0.38 immediately after Binance announced the listing. The traders who was still holding the coins had an unrealized profit that exceeded $2.2 Million.</p> 
<p>PNUT saw massive uptick in trading volume coinciding with the price surge, noting post-listing buying frenzy. The high volume of transactions and the steep price increase suggested strong buyer interest and speculative trading.</p> 
<p>The recent sharp rise might attract more traders, potentially driving the price up further if the momentum sustains.</p> 
<h2 class="wp-block-heading" id="strong-peanut-the-squirrel-pnut-strong-strong-flips-top-capped-memecoins-strong"><strong>Peanut the Squirrel (PNUT</strong>) <strong>Flips Top-Capped Memecoins</strong></h2> 
<p>Following the listing, PNUT achieved a remarkable market cap of $1.737 Billion within 24 hours of its Binance listing, surpassing established Solana-based memecoins such as POPCAT, which held a market cap of $1.663 Billion.</p> 
<p>This highlighted PNUT’s immediate market impact, drawing comparisons to other leading memecoins. The comparison showed that if POPCAT were to have the same market cap as PNUT, its price would be $1.89, indicating a 1.04x increase from its current price level.</p> 
<p>This demonstrated the potential upward mobility for other memecoins when aligned with PNUT’s market cap meaning it’s continuing to flip them more.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img loading="lazy" decoding="async" width="473" height="308" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-352.png" alt="" class="wp-image-830152" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-352.png 473w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-352-300x195.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-352-150x98.png 150w" sizes="auto, (max-width: 473px) 100vw, 473px">
  <figcaption class="wp-element-caption">
   <em>POPCAT vs PNUT market cap comparison | Source: CoinGecko</em>
  </figcaption>
 </figure>
</div> 
<p>Other competitors like GOAT and MOODENG registered market caps of $863 Million and $349 Million, respectively.</p> 
<p>The rapid ascension in market value for PNUT reflects intense investor interest and market dynamics that favor new, promising tokens immediately following their listing on major exchanges.</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24PNUT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PNUT</a> has flipped $MOODENG<a href="https://twitter.com/search?q=%24PNUT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PNUT</a> has flipped <a href="https://twitter.com/search?q=%24GOAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOAT</a><br><br>A new target is set<a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> <a href="https://t.co/cPzPvrOG94">pic.twitter.com/cPzPvrOG94</a></p>— dxrnelljcl (@dxrnelljcl) <a href="https://twitter.com/dxrnelljcl/status/1856641937417150511?ref_src=twsrc%5Etfw">November 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Following PNUT’s promising entrance and substantial market cap achievement, there’s speculative potential for it to reach a $10 Billion market cap.</p> 
<p>The current momentum could push PNUT towards this target. Monitoring PNUT closely for signs of continued market enthusiasm or potential sell-offs, which could influence its trajectory towards the $10 Billion.</p> 
<h2 class="wp-block-heading" id="strong-trader-misses-on-17m-profits-by-selling-at-a-loss-strong"><strong>Trader Misses on $17M Profits by Selling at a Loss</strong></h2> 
<p>Despite most PNUT holders seeing profits as price surged one trader’s experience serves as a stark lesson in the crypto market’s unpredictability.</p> 
<p>This trader initially bought 19.4 Million PNUT for 8 SOL, worth $1,366, but later sold them for only 4.08 SOL, totaling $697. This resulted in a loss of $669. </p> 
<p>At the time of sale, the trader might have been influenced by fear leading an early sell. However, PNUT’s value later skyrocketed, and the same amount of PNUT became worth over $17.5 Million. This emphasized the importance of patience and strategic thinking in crypto trading.</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The price of <a href="https://twitter.com/search?q=%24Pnut&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Pnut</a> surged by 100%!<br><br>The 19.4M <a href="https://twitter.com/search?q=%24Pnut&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Pnut</a> this guy sold at a loss of $669 is now worth over $17.5M!<br><br>He spent 8 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($1,366) to buy 19.4M <a href="https://twitter.com/search?q=%24Pnut&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Pnut</a> and sold for 4.08 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> ($697).<br><br>He must be regretting selling too early, especially with a $669 loss on <a href="https://twitter.com/search?q=%24Pnut&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Pnut</a>.… <a href="https://t.co/3NKC0TMBZL">pic.twitter.com/3NKC0TMBZL</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1856547030451269937?ref_src=twsrc%5Etfw">November 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Selling too soon, driven by fear or short-term market movements, can lead to missing out on significant potential profits.</p> 
<p>The Smart Trader is a cautionary tale for traders to carefully weigh their decisions and not let temporary setbacks dictate their actions in volatile markets.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/14/pnut-flips-popcat-after-binance-listing-is-10b-possible/">PNUT Flips POPCAT After Binance Listing, Market Cap Rises</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

PNUT Flips POPCAT After Binance Listing, Market Cap Rises

Table of Contents

Thecoinrepublic.com

Other articles published on Nov 14, 2024

Notcoin (NOT) Price Resumes Bullish Move: Analyst Predicts 120% Spike Post-Breakout

Pepe Price Prediction: PEPE Goes Ballistic With 84% Surge After Coinbase Listing, But Investors F...

Top AI Acquisitions of 2024 Shaping the Future of AI Innovation

Is Gary Gensler the Reason Behind Ripple’s (XRP) Sudden Surge to 16-Month Peak?

Crypto Casino Metawin Hacked for $4M+ Due to Withdrawal System Exploit

Bittensor (TAO) Sees Major Correction—Could a Rebound Be on the Horizon?

Join our free newsletter for daily crypto updates!