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While 2024 will be an unforgettable year for meme coins, the latest craze surrounds Peanut the Squirrel (PNUT). Ahead of the US election in October, the killing of a popular squirrel suspected of rabies sparked a backlash and many celebrities, including Elon Musk, reacted to the incident. The Republican wing turned the incident into an election campaign against the Democrats.
Following this incident, a meme coin called Peanut the Squirrel (PNUT) was released in early November, and especially after the Binance listing on Monday last week, PNUT began to rise sharply. After this listing, PNUT’s market value first crossed $500 million and then $1 billion.
The token’s market cap has increased by over 2800% since its launch. Meme Coin, mined in the Solana ecosystem, ranked 65th in the cryptocurrency ranking.
All tokens are in circulation at Meme Coin, which has a total token supply of 999 million units.
It was even mentioned in the UFC.
Jim Miller, who defeated his opponent in the UFC, also known as cage fighting, also touched on the issue in his post-match speech last night, saying, “Actually, we got justice for Squirrel here. It’s not just about that, it’s about the kids who were hungry and looking for food that night… we should have spent our resources and money on them Hope Elon Musk and DOGE solve this Will do,” he said.
Musk also shared Miller’s speech on his X account.
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