Elon Musk spreads a huge influence on the cryptocurrency market with a post about Solana's PNUT Token, helping the price increase by more than 10% in 24 hours.
Musk's post regarding the Epstein network personal case triggered strong attention and trading on the PNUT Token, showing the clear impact of celebrities on the cryptocurrency market.
MAIN CONTENT
Musk's satirical post about the government caused Solana's PNUT token to surge 10% in price in just 24 hours.
History shows that Musk's posts often trigger strong price movements for many cryptocurrencies.
Musk is focusing on building a new political party with a broad appeal strategy and large financial resources.
How Elon Musk Made Solana's PNUT Token Surge in Price?
With experience in monitoring the cryptocurrency market and a large influence on social networks, Elon Musk posted an article revolving around the Epstein case, combining satirical images and mentioning “Peanut” – a squirrel associated with the PNUT Token. Immediately, this Token increased in price by 10%, 24-hour trading volume increased by 80%, reaching more than 214 million USD.
“They arrested (and killed) Peanut but never prosecuted anyone on Epstein’s guest list. The government is in serious trouble.”
Elon Musk, CEO of Tesla and SpaceX, posted on X on July 23, 2025
In fact, Musk's post received more than 13.7 million views, creating a big hit for PNUT. The token is currently trading around $0.2257 with a market capitalization of $223 million, reflecting investors' sensitivity to the media impact of Elon Musk.
How Has Musk's History of Posts Affected the Cryptocurrency Market?
Experience shows that Elon Musk's posts often trigger sudden price fluctuations for cryptocurrencies, from Dogecoin, Bitcoin to many meme coins on different platforms.
For example, in January 2021, after Musk changed his status description on X to #bitcoin, the price of Bitcoin increased from around $32,000 to over $38,000, equivalent to a market capitalization increase of $111 billion. In 2023, Ethereum's meme token Floki also increased 418% after posting a photo of his dog.
“Musk’s posts, while entertaining, can always have a strong financial impact on the cryptocurrency market.”
Analysis from Crypto Analyst, June 2025 Report
Through these events, it can be seen that the influence of a big figure like Elon Musk is undeniable in stimulating cryptocurrency Pump waves based on his tweets or posts.
What is the goal of Elon Musk's new political party?
With his leadership experience and strategic vision, Elon Musk is currently pioneering the formation of a third political party in the United States called the “American Party”, to compete with the two traditional major parties. This party is oriented to become a politically moderate force, friendly to technology, focusing on sustainable finance and energy.
Analysts say that despite the resource and long-term difficulties in succeeding in the current political model, Musk possesses strong financial potential to promote and develop the party.
“The biggest challenge in forming a new party is funding, which Musk is well-placed to meet,” said former Republican congressman David Jolly.
Frequently Asked Questions
How did Musk specifically affect the price of PNUT Token? Musk's post increased the price of PNUT by about 10% in 24 hours and pushed the trading volume to $214 million. Why did Elon Musk's post have such a big impact on the cryptocurrency market? With global influence and a huge following, Musk can create a strong psychological effect that leads to sudden price fluctuations. Are meme coins always affected by Musk's posts? Many meme coins such as Dogecoin or Floki have increased sharply in price thanks to Musk's posts, demonstrating his influence that cannot be underestimated. What is the main goal of the American Party founded by Musk? This party aims for political centrism, focusing on technology-based development, responsible finance and sustainability. Does Elon Musk's new party have prospects for success? There are many challenges in terms of resources and electoral structure, but Musk's financial potential and influence are outstanding strengths.
Source: https://tintucbitcoin.com/pnut-solana-tang-10-nho-meme/
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