Viral Squirrel Meme Coin PNUT Surges 530% Post-Binance Listing π―
β SnapX FOMO Feed, November 13th 2024
β‘οΈ PNUT coin, inspired by Instagram-famous squirrel Peanut, has skyrocketed 530% in a week following its Binance spot listing, reaching a $414M market cap
β‘οΈ The token gained massive attention after the real Peanut's controversial euthanization by NY authorities, which drew comments from Elon Musk and became a political talking point
β‘οΈ While Binance listings typically signal a local top for meme coins, analysts suggest PNUT's spot listing (versus futures) and the current "meme coin supercycle" could limit potential pullbacks
β‘οΈ The project's success follows a pattern of meme coins with strong mainstream cultural backing, similar to Pepe's rise to becoming the third-largest meme coin
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