Peanut

Memecoin

Peanut the Squirrel

<ul class="wp-block-list">
 <li>PNUT memecoin surged over 13,000x in two months, reaching a $1.38B market cap with daily trading volumes of $1.94B.</li>  
 <li>A trader turned a $450K investment in PNUT into $8M after its Binance listing, highlighting the lucrative potential of memecoins.</li>  
 <li>Rival JFP memecoin gained 10x in 24 hours, with a $12M market cap, $479K liquidity, and $10M daily trading volume, challenging PNUT.</li> 
</ul>  
<p>The Solana-based memecoin Peanut the Squirrel (PNUT) has seen extraordinary growth, gaining over 13,000 times its initial value in under two months. Launched as a playful addition to the crypto space, PNUT has captured mainstream attention, reaching a fully diluted market cap of approximately $1.38 billion. It has maintained strong daily trading volumes, with figures recently hitting $1.94 billion.</p>  
<p>Notably, the coin’s rapid ascent has been fueled by its listing on Binance, a significant milestone for any cryptocurrency. Beyond its major exchange debut, PNUT has attracted over 72,000 on-chain holders, supported by robust liquidity across decentralized exchanges like Raydium and Jupiter. With liquidity exceeding $20 million, PNUT has positioned itself as a dominant mid-cap memecoin within the Solana ecosystem.</p>  
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<h2 class="wp-block-heading" id="h-trader-turns-small-investment-into-multi-million-dollar-profit"><strong>Trader Turns Small Investment Into Multi-Million Dollar Profit</strong></h2>  
<p>Intriguingly, the success of PNUT has already generated stories of <a href="https://cryptonewsland.com/altcoins-with-over-100-weekly-gains/" target="_blank" rel="noopener noreferrer nofollow">significant</a> financial gain. On November 5, 2024, one trader purchased 6.16 million $PNUT tokens for 2,717 SOL, which was valued at about $450,000 at the time.</p>  
<p>Consequently, following its Binance listing and subsequent surge in value, PNUT reached $1.36 per token as of December 6. This dramatic rise translated into nearly $8 million in profit for the trader, who completed their sale on Binance earlier today.</p>  
<p>Similarly, this individual’s story <a href="https://cryptonewsland.com/from-16-to-3-million-with-pnut-dogen-could-be-your-next-millionaire-maker/" target="_blank" rel="noopener noreferrer nofollow">highlights</a> the volatile yet lucrative nature of memecoins. The trader has since reinvested in another Solana-based memecoin, Zerebro (ZEREBRO), holding 7.8 million tokens currently valued at approximately $2.9 million.</p>  
<h2 class="wp-block-heading" id="h-justice-for-peanut-challenges-pnut-s-dominance"><strong>Justice for Peanut Challenges PNUT’s Dominance</strong></h2>  
<p>However, PNUT’s rise has not been without controversy. The memecoin has faced backlash from individuals claiming ties to the original Peanut the Squirrel, who was allegedly killed by U.S. government forces. This narrative has spurred the launch of a rival memecoin, Justice for Peanut (JFP), which has gained traction in recent days.</p>  
<p>Furthermore, JFP has recorded a tenfold increase in value over the past 24 hours, with its price reaching approximately $0.0124. Despite its smaller scale, JFP’s fully diluted market cap has grown to $12 million. Additionally, it boasts locked liquidity of about $479,000 and a daily trading volume exceeding $10 million.</p> 
<p>The post <a href="https://cryptonewsland.com/pnut-memecoin-skyrockets-13000x-turning-450k-into-8m-for-trader/" rel="noopener noreferrer nofollow">PNUT Memecoin Skyrockets 13,000x, Turning $450K into $8M for Trader</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

PNUT Memecoin Skyrockets 13,000x, Turning $450K into $8M for Trader

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