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"Peanut" Makes a Comeback: Musk's X Post Sends PNUT Token Soaring
The crypto world just got squirrely again. Elon Musk posted about Peanut the Squirrel on X. Boom. The $PNUT token jumped 15.3% in minutes.
Remember Peanut? That viral squirrel with half a million followers across social media? It's back in the crypto game. All thanks to Musk's latest musings.
Musk Speaks, Markets Jump
Musk wrote something rather pointed on X:
"They arrested (and killed) Peanut, but they didn't even charge anyone on Epstein's client list. The state is already corrupt."
Pretty heavy stuff. Yet somehow this translated into money moves. The dormant PNUT token shot up from $0.267 to $0.308. Just like that.
A Squirrel's Crypto Journey
PNUT launched late 2024. Didn't make much noise initially. Then Musk started posting squirrel memes on X. Things got nuts.
The token climbed to about $135 million in market cap after launch. Kind of amazing for a rodent-themed digital asset.
Whales and Wobbles
A big investor once dumped around $2.3 million (12,500 SOL) into PNUT. Impressive commitment. But things got shaky when a developer sold their stash. The market cap tumbled to roughly $65 million.
That's crypto for you. Up and down like a squirrel on caffeine.
The Musk Magic
It seems Elon's tweets still have that special something. DOGE, FLOKI, GROK, now PNUT - his social posts move millions. The "Elon Pump" isn't just a myth.
Today's PNUT spike proves it. Social media is buzzing again. Traders are repositioning. It's not entirely clear why his comments still carry such weight, but they do.
What's Next?
For PNUT's immediate future:
More Than Just a Meme?
Peanut the Squirrel sticks around. Musk keeps mentioning it. Investors keep responding.
The price jump shows Musk's crypto influence remains strong. Almost surprisingly so.
Meme tokens swing wildly though. They always have. Be careful out there. These nuts can be hard to crack.