PNUT (Peanut the Squirrel) rose 22.05% in the last 24 hours.

Gate News Bot reported on July 11th, according to CoinMarketCap, as of the time of writing, PNUT (Peanut the Squirrel) is currently at 0.28 USD, with a rise of 22.05% in the last 24 hours, reaching a high of 0.30 USD and a low of 0.21 USD. The 24-hour volume has reached 426 million USD. The current market capitalization is approximately 283 million USD, an increase of 51.2 million USD compared to yesterday.

PNUT is a token project symbolized by a squirrel named Peanut. The project originated from the story of a pet squirrel, Peanut, who was taken from its home and euthanized by the New York State Environmental Protection Agency, sparking discussions about pet rights and governmental power. Peanut was a social media sensation, and its sudden passing elicited widespread sympathy and calls for reform. The PNUT project aims to commemorate Peanut and raise awareness about the protection of freedom and rights.

PNUT recent important news:

1️⃣ Elon Musk's social media comments trigger PNUT price fluctuations Tesla CEO Elon Musk posted a comment about "Peanut" on social media. Although he did not directly mention the PNUT token, the comment coincided closely with the rise in PNUT's price. Musk's comment garnered over 4.5 million views in a short period, attracting widespread attention from cryptocurrency traders and driving the price of PNUT from about $0.2279 to $0.2357.

2️⃣ Volume surges, market capitalization significantly rises Influenced by Musk's comments, PNUT's 24-hour volume surged over 80%, breaking through $214 million. The market capitalization also rose, reaching approximately $235 million at one point. This phenomenon once again confirms the critical role of social media heat in cryptocurrency trading, as a viral comment can leverage millions of dollars in capital flow.

3️⃣ The project successfully integrates network humor culture with the advantages of the Solana chain The "Peanut the Squirrel" project has recently accumulated a loyal fan base, successfully combining online humor culture with the high-speed trading advantages of the Solana blockchain. As a meme coin in the Solana ecosystem, PNUT has demonstrated its rapid responsiveness driven by market speculation in this event, highlighting the potential of meme coins on the Solana chain.

From a technical perspective, the price of PNUT has seen a significant rise in the short term, but the increase has fluctuated. From July 8 to 11, the PNUT quote rose from around 0.22 USD to 0.28 USD, with a total increase of over 27%. This indicates that market interest in PNUT continues to rise, but investors still need to closely monitor subsequent trends and be wary of potential retracement risks.

This message does not constitute investment advice; investors should be aware of market volatility risks.