PNUT Meme Coin Rises 20% After Coinbase Announcement, Reaches $1.5B Trading Volume
Coinbase's recent announcement to list $PNUT**, a Solana-based meme coin, triggered a **20% price surge**, propelling its trading volume to **$1.5 billion within 24 hours. The token’s market capitalization now stands at $1.34 billion, surpassing competitors like POPCAT and MOG COIN.
Key Highlights
- 20% price surge post-Coinbase listing roadmap inclusion.
- $1.5B trading volume recorded on CoinGecko.
- Market cap peaks at $1.34B, overtaking rival meme coins.
- Strategic move by Coinbase to capitalize on meme coin trends.
"Assets added to the roadmap today: Peanut the Squirrel (PNUT)"
— Coinbase Assets
Origins of the PNUT Meme Coin
$PNUT gained viral traction after a controversial incident involving **Peanut the Squirrel**, a mascot euthanized by the New York Department of Conservation. The story sparked widespread social media outrage, fueling the token’s cult following on **Crypto Twitter**. At its peak, PNUT’s market cap soared to **$2.4 billion**.
Market Performance and Future Outlook
Currently trading at $1.34, PNUT’s listing on Binance and now Coinbase strengthens its market position. Analysts speculate this could extend its bullish momentum into 2025, especially as platforms increasingly embrace meme coins like MOG COIN, MOO DENG, and PEPE.
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FAQ Section
Q: Why did PNUT’s price surge after Coinbase’s announcement?
A: Listings on major exchanges like Coinbase boost liquidity and visibility, attracting new investors.
Q: What makes PNUT different from other meme coins?
A: Its origin story tied to a viral event and strong community support set it apart.
Q: Can PNUT sustain its rally in 2025?
A: While speculative, its presence on top exchanges suggests continued interest.
Q: How does Coinbase benefit from listing meme coins?
A: It taps into high-demand trends, driving trading volume and platform engagement.
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