PNUT Meme Coin Surges Over 20% Following Coinbase Listing Plans
12/12/2024 05:51
Peanut the Squirrel (PNUT), a Solana-based meme coin, saw its value jump by 20% after Coinbase announced plans to include the token in its listing roadmap.
PNUT’s market cap surged to $1.34 billion, surpassing other popular meme coins like POPCAT and MOG COIN.
Coinbase to List PNUT meme coin after Binance and Bitget
Coinbase’s decision to list PNUT reignited interest among cryptocurrency traders, driving the token’s price to $1.35—a 30% spike within 24 hours. According to CoinMarketCap, trading activity for PNUT surged, with volumes reaching $1.5 billion during the same period.
Coibase has also added Gigachad (GIGA), another Solana meme coin, to its listing roadmap. However, GIGA’s price didn’t experience the same rally as PNUT.
PNUT meme coin gained prominence following a viral social media controversy involving a squirrel mascot named Peanut, which attracted significant attention on crypto Twitter. The token previously reached a market cap of $2.4 billion during its peak.
With Coinbase now adding PNUT to its expanding roster of meme coins, the trend of listing such tokens on major exchanges continues to gain momentum.
Overall, Solana meme coins gained significant popularity this year. According to CoinGecko data, the overall market cap of these tokens currently stand at $20.5 billion.
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