😱🔥The "Peanut" Frenzy Begins! Elon Musk’s X Post Sends $PNUT Soaring 🚀🚀
Once again, the digital asset space is buzzing over the Elon Musk effect. Following a bold statement on X (formerly Twitter) by Tesla and SpaceX CEO Elon Musk, the meme coin Peanut the Squirrel ($PNUT) surged 13.5% within minutes.
🗣️ Musk's Provocative Post:
“They arrested (and killed) Peanut, but didn’t even charge anyone from Epstein’s client list. The state is already corrupt.”
This politically charged comment sparked intense social media debate—and ignited a rapid move in the crypto market. PNUT, dormant for a while, spiked from $0.211 to $0.239 almost instantly.
📈 PNUT's Journey: A Meme Coin Fueled by Musk
Launched in October 2024, PNUT first gained attention through Musk’s humorous tweets and viral squirrel-themed memes. These posts pushed the coin’s market cap to $120 million at its peak.
🐋 Whale Influx & Sharp Drop
At the height of the hype, a whale bought $1.56 million worth of PNUT (around 9,600 SOL). However, the project’s developer soon cashed out, triggering a steep crash in price—from a $120M valuation to just $50M.
🧠 The Musk Effect Remains Unmatched
From DOGE to FLOKI to GROK—and now PNUT—Elon Musk has repeatedly shown his ability to move markets with a single tweet. This latest surge reinforces the power of the so-called “Elon Pump.”
📊 What’s Next for PNUT?
Social media buzz has reignited, with X, Reddit, and Telegram groups gaining traction.
Eyes are on the $0.240 resistance level. A breakout could spark the next hype cycle.
Past whale dumps and developer exits are cautionary reminders for investors to stay alert.
🧨 Bottom Line: Peanut’s Back, and So Is the Hype
More than just a meme, Peanut the Squirrel has stormed back into the crypto spotlight thanks to Musk. While the momentum is exciting, the coin’s history of volatility means smart, cautious trading is essential.