A sudden social media jab despatched Solana’s Peanut the Squirrel token hovering this week. In a Tuesday submit, billionaire Elon Musk criticized US authorities for ignoring names on the Jeffrey Epstein “consumer record”, quipping that “extra squirrels and raccoons have been arrested” than any Epstein associates.
Associated Studying
A nod to a squirrel named Peanut—mentioned to have been “arrested (and killed)”—coincided with a pointy pop within the PNUT token’s worth. In response to on‑chain information, PNUT climbed over 10% in 24 hours, touching $0.23 at one level.
Elon Musk Highlights Justice Considerations
Primarily based on stories, Musk’s submit racked up greater than 13.7 million views inside hours. Merchants rapidly linked “Peanut” to the PNUT ticker. Virtually instantly, PNUT value rose from about $0.22 to $0.23.
Peanut value up within the final 24 hours. Supply: Coingecko
The token’s 24‑hour buying and selling quantity jumped roughly 80%, crossing $215 million. Market watchers estimate PNUT’s market cap now sits close to $224 million, out of a complete provide approaching 1 billion tokens.
Market Response Follows Viral Meme
Meme tokens typically rely on hype, and PNUT was no exception. After Musk’s message unfold, order books stuffed quick. Purchase orders outnumbered sells, driving value momentum.
Crypto bots and retail merchants piled in, hoping to catch the wave. Some traders advised reporters they moved funds into PNUT inside minutes of seeing Musk’s submit.
They arrested (and killed) Peanut, however haven’t even tried to file prices in opposition to anybody on the Epstein consumer record.
Authorities is deeply damaged. pic.twitter.com/YndRadQUBE
— Elon Musk (@elonmusk) July 8, 2025
Token Soar Drives Buying and selling Frenzy
Solana’s speedy community helped too. Transactions cleared in seconds, letting merchants react at once. That low‑payment setting amplifies meme coin rallies: when hype hits, folks should buy or promote with out worrying about excessive gasoline prices. On this case, quantity spiked from round $120 million to $214 million in below a day.
Associated Studying
Wanting Forward, Warning Suggested
Regardless of the frenzy, crypto veterans warn that PNUT’s features may reverse simply as quick. Meme tokens lack fundamentals, and hype fades rapidly. Merchants may face losses if views shift or if Musk strikes on to the following joke.
For now, Musk’s satirical jab has put Peanut the Squirrel on heart stage. Whether or not PNUT can maintain its features could rely on extra viral moments—and on whether or not traders bear in mind to take income earlier than the following twist.
No ‘Consumer Listing’
In the meantime, in accordance with a memo obtained by Axios, the Justice Division and FBI below US President Donald Trump discovered no proof that convicted intercourse offender Jeffrey Epstein blackmailed highly effective people, saved a “consumer record,” or was murdered.
Featured picture from Meta, chart from TradingView
Christian Encila Read More
