Peanut

Memecoin

Peanut the Squirrel

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/peanut-the-squirrel-memecoin-surges-following-coinbase-listing-announcement/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Peanut the Squirrel Memecoin Surges Following Coinbase Listing Announcement</a><br></p>
<p style="text-align: justify">Peanut the Squirrel (PNUT), a Solana -based <a href="https://en.coin-turk.com/the-whale-makes-a-major-purchase-in-popcat-after-significant-losses/" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a>, experienced a sharp price increase of 35% after <a href="https://en.coin-turk.com/jesse-powells-response-to-sec-lawsuit-decels-and-a-masochist/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a> revealed plans to include it in its listing roadmap. The market capitalization of PNUT reached $1.34 billion, surpassing notable memecoins like POPCAT and MOG COIN.</p>
<h2 id="significant-increase-in-pnut-price">Significant Increase in PNUT Price</h2>
<p style="text-align: justify">The announcement from Coinbase regarding the potential listing of PNUT generated renewed interest among <a href="https://en.coin-turk.com/investors-show-strong-interest-in-bitcoin-and-ethereum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> traders. Consequently, this news propelled PNUT’s price to $1.35, marking a 35% rise within just 24 hours.</p>
<p style="text-align: justify">According to CoinMarketCap, the trading volume of PNUT surged to $1.5 billion during this period. The token gained attention following a viral event involving a squirrel mascot named Peanut on social media, which helped it amass a strong follower base, previously elevating its market value to as high as $2.4 billion.</p>
<h2 id="coinbase-listings">Coinbase Listings</h2>
<p style="text-align: justify">The open positions in PNUT futures increased by 40.48%, reaching $328.05 million. This surge reflects speculation regarding the token’s growth potential and reinforces trader confidence.</p>
<p style="text-align: justify">Coinbase also announced support for other memecoins, including Magic Eden’s ME token, Turbo (TURBO), and Gigachad (GIGA). It was revealed that trading for TURBO and GIGA would start today, and as of the time of writing, the GIGA pair was about to go live.</p>
<p style="text-align: justify">The potential listing of PNUT by Coinbase has established its significant position among memecoins and influenced market dynamics. The short-term lag of other memecoins indicates the impact of Coinbase’s strategic listing decisions on the market. For traders, these developments offer valuable insights into the future performance of memecoins.</p>
<p>The post <a href="https://en.coin-turk.com/peanut-the-squirrel-memecoin-surges-following-coinbase-listing-announcement/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Peanut the Squirrel Memecoin Surges Following Coinbase Listing Announcement</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Peanut the Squirrel Memecoin Surges Following Coinbase Listing Announcement

Table of Contents

COINTURK NEWS

Other articles published on Dec 11, 2024

Ripple Labs Secures NYDFS Approval for RLUSD Stablecoin

India preparing for a CBDC-driven economy — Central bank governor

Price analysis 12/11: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, TON, SHIB

Analysts See Growth for FX Guys Amid Declining Hedera Interest

Nike Hasn’t Dumped NFTs – Here’s How It’s Pushing NFT Adoption

Aleph.im integrates GPUs to power advanced decentralized AI

Join our free newsletter for daily crypto updates!