After briefly spiking to $0.346 late last week, Peanut The Squirrel ($PNUT ) is currently trading around $0.317, with over $246 million in 24-hour trading volume. This meme-inspired token on Solana is becoming a rising star in the altcoin market.
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What’s Fueling PNUT’s Recent Momentum?
CME Futures Buzz:
CME’s experimental discussions around meme-token futures have sparked renewed interest, with PNUT emerging as a standout case among retail traders and speculators.
Transparent Tokenomics:
PNUT features a limited supply of 100 million tokens, with ownership renounced and liquidity burned – helping to boost investor confidence.
Engaged Community:
On X (Twitter), PNUT’s team and community stay highly active, pushing out memes, updates, and banter with other meme coins – driving strong sentiment and visibility.
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But Can the Rally Last?
Resistance at $0.34–$0.36:
PNUT has faced rejection in this range multiple times, signaling profit-taking by short-term holders.
RSI Approaching Overbought Levels:
TradingView technicals indicate momentum may be overheating – a possible setup for a short-term pullback if no new catalyst emerges.
Meme Token Volatility:
While PNUT is building a strong brand, its meme nature leaves it vulnerable to social media swings, sentiment reversals, and unpredictable momentum shifts.
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Conclusion
PNUT is steadily evolving from a meme joke into a serious contender in the altcoin space. Still, in a market where FOMO can quickly turn into FUD, staying disciplined and watching key resistance/support levels is essential.
