Peanut the Squirrel (PNUT) has experienced a significant surge in the past 24 hours, with its price increasing by over 70%. Currently, PNUT is trading at approximately $0.3134 USD, up from around $0.18 USD the previous day. The token reached an intraday high of $0.3268 USD and a low of $0.1798 USD.
This rally has propelled PNUT's market capitalization to over $314 million, placing it among the top 200 cryptocurrencies by market cap. The 24-hour trading volume has also seen a substantial increase, reaching nearly $962 million.
PNUT is a meme coin built on the Solana blockchain, inspired by the story of Peanut, a rescued squirrel from New York City. The token gained attention after being listed on major exchanges like Binance and Coinbase, contributing to its rapid ascent in the crypto market.
Despite its recent gains, PNUT remains approximately 87% below its all-time high of $2.44, achieved in November 2024. Analysts suggest that while the current momentum is strong, investors should exercise caution due to the inherent volatility associated with meme coins.
For those interested in tracking PNUT's performance or considering investment, platforms like CoinMarketCap and CoinGecko provide real-time data and analytics.
