Coinbase has recently added the meme coin Peanut the Squirrel $PNUT to its platform. This Solana-based coin $SOL was launched in 2024 following a controversy in New York where a pet squirrel was sacrificed, generating a strong reaction on social media. After its inclusion on Coinbase, PNUT's value increased by 10%, although it remains below its all-time high of $2.47. PNUT has great potential for growth and could reach up to $2.80 in the short term and $5.23 by 2030.
In contrast, months ago, Coinbase also added the meme coin Pepe the Frog $PEPE . PEPE emerged from the popularity of the Pepe the Frog meme and also experienced a significant increase in value following its listing on the platform. Unlike PNUT, PEPE did not face significant legal issues and its addition was more straightforward.
Both coins demonstrate how controversies and social media can influence the cryptocurrency market, as well as how Coinbase's platform can boost the value of these meme coins.