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A new meme coin called Peanut the Squirrel (PNUT) has seen an impressive growth of over 800% in just a few days after being listed on Binance.
The memecoin market is currently on a strong growth path, with Solana-based meme tokens leading the way. On November 11, Binance officially listed PNUT and opened trading for the coin.
Immediately after listing, the price of this memecoin broke out strongly, rising to the top of the list of coins with the highest increase in the day. With an impressive growth, PNUT recorded a triple-digit increase, surpassing the 800% mark, bringing the coin’s market capitalization to over $900 million in a short period of time.
Meme coin PNUT increased 800% after being listed on Binance, with a 24-hour trading volume of $1.7 billion, an increase of over 3000%. At the time of writing, PNUT is trading at $0.90.
Read more: Solana is Narrowing the Gap with Ethereum Thanks to Meme Coins
Notably, PNUT’s popularity extends beyond the cryptocurrency community, and it has also unexpectedly become a political symbol. Amid the tense US presidential race, the death of Peanut the Squirrel – a social media sensation with thousands of followers – has sparked online outrage. Ordered to be euthanized by New York state authorities against his owner’s wishes, Peanut has become a rallying cry for Donald Trump supporters.
