PNUT (Peanut the Squirrel) rose 5.34% in the last 24 hours.

Gate News Bot news, July 9th, according to CoinMarketCap data, as of the time of writing, PNUT (Peanut the Squirrel) is currently priced at 0.22 USD, having risen 5.34% in the last 24 hours, with a high of 0.26 USD and a low of 0.21 USD. The 24-hour volume reached 254 million USD. The current market capitalization is approximately 224 million USD, an increase of 11.3 million USD compared to yesterday.

Peanut the Squirrel is a cryptocurrency project themed around the pet squirrel Peanut. Peanut was once a popular internet celebrity pet squirrel but was taken away and euthanized by the New York State Department of Environmental Conservation (NYSDEC), sparking widespread attention and protests. The project aims to commemorate Peanut and advocate for animal protection and personal freedom.

Important news about PNUT recently:

1️⃣ Musk's tweet causes PNUT price to skyrocket Elon Musk posted a comment about "Peanut" on social media, although he did not directly mention the PNUT token, the tweet coincided closely with the time of the significant rise in the PNUT coin price. Musk's comment garnered over 4.5 million views in a short period, attracting widespread attention from cryptocurrency traders and driving the PNUT coin price to quickly pump from about 0.2279 dollars to 0.2357 dollars.

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

3️⃣ The project integrates humorous 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 within the Solana ecosystem, PNUT demonstrated its rapid responsiveness driven by market speculation during this event, highlighting the potential of meme coins on the Solana chain.

From a technical perspective, the price of PNUT has shown a significant rise in the short term, but the increase has somewhat receded. On July 8, Gate's latest market data shows that the PNUT price is $0.22149, with a 24-hour rise narrowing to 4.48%. This indicates that market interest in PNUT may be gradually cooling, and investors need to closely monitor the subsequent trends.

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