The legendary Elon Musk Effect strikes again! After a bold and politically charged post on X (formerly Twitter), Musk sent shockwaves through the meme coin market ā and Peanut the Squirrel (
$PNUT ) was the first to go nuts.
In just minutes, PNUT surged 13.5%, proving once again how powerful a single Musk tweet can be.
š£ļø Muskās Post Shakes the Internet: "They Arrested Peanutā¦"
Elon Muskās viral message read:
āThey arrested (and killed) Peanut, but they didnāt even charge anyone on Epsteinās client list. The state is already corrupt.ā
While the post sparked strong political and social reactions, its impact on the crypto world was immediate: PNUT jumped from $0.211 to $0.239, reigniting interest in this once-forgotten meme coin.
š Flashback: PNUT's Origin and Muskās Role
Launch: October 2024
Theme: Squirrel memes & a fictional character named āPeanutā
Viral Boost: Gained traction thanks to Elon Muskās humorous posts featuring Peanut
Peak Hype: Reached a market cap of $120M soon after launch
PNUTās early success was largely driven by Muskās posts ā much like DOGE and FLOKI. Social media virality pushed it into meme coin stardom.
šÆ Whale Activity + Developer Dump = Volatility Alert
Back during its initial run, a whale bought PNUT with 9,600 SOL (~$1.56M) ā signaling serious interest. But shortly after, the projectās developer sold off all holdings, causing a crash in value:
Market cap dropped: $120M ā $50M
Investor sentiment: Cautious, after the dump
This event left a stain on PNUTās history and serves as a warning to investors even amid renewed hype.
š§ Musk Effect in Action: From DOGE to PNUT
Elon Muskās influence on crypto markets is undeniable. From DOGE to FLOKI, GROK, and now PNUT ā he can spark multi-million dollar moves with a single tweet.
Todayās PNUT pump is textbook āMusk Effectā ā a sudden surge driven by nothing but a tweet, emotion, and meme momentum.
š Whatās Next for PNUT?
š Key short-term insights:
Social media revival: PNUT communities on X, Reddit, and Telegram are buzzing again
Resistance level: $0.240 is a critical technical point. A breakout could trigger a second hype wave
Caution advised: Past developer sell-offs and whale activity suggest volatility is high
Investors are watching closely, but many remain wary given PNUTās bumpy history.
š§Ø Conclusion: A Squirrel Just Shook the Market Again!
Peanut the Squirrel is more than a meme ā it's a symbol of how quickly crypto narratives can flip with Elon Musk in the mix. PNUTās sudden surge shows that the Musk magic is alive and well.
ā ļø Still, the coinās volatile past should remind investors to move with strategy, not just hype.
#PeanutStorm #ElonPump #PNUTCoin #MemeCoinSeason #TrumpTariffs