The price of Peanut the Squirrel (PNUT), a memecoin based on Solana, has surged by nearly 235% in just 24 hours, reaching a value of $1.41.
The dramatic price rise has propelled its market cap to $1.39 billion, with a 24-hour trading volume of $2.50 billion and a surge of more than 100%.
This explosion in value comes after a heart-wrenching incident involving Peanut, a beloved pet squirrel with over half a million followers online. The tragedy began when Mark Longo, Peanut’s guardian, revealed on Instagram that New York City officials had captured and euthanized Peanut and another raccoon named Fred, fearing rabies. The news quickly went viral, sparking widespread outrage.
The incident became a flashpoint, drawing attention from Elon Musk and even the U.S. Presidential candidate Donald Trump, who both expressed outrage over the situation.
The viral nature of the story, combined with statements from high-profile personalities, sent PNUT’s price soaring to $0.14, just a day after the coin’s launch and its market cap reached $1 billion in just 2 weeks after launch.
The tragic fate of Peanut the Squirrel has sparked conversations across social media and politics, capturing the public’s attention just a day before the U.S. elections. As of now, there are 999,855,200 PNUT coins in circulation, with a max supply of 999,858,912 coins.
Also Read: Worldcoin (WLD) Price Jumps 28% to $2.81 in 24 Hours
