🄜 Elon Musk’s Meme Sends Solana’s PNUT Token Soaring 10%

On Tuesday, he posted a meme on X mocking the justice system, noting that more squirrels and raccoons have been "arrested" than Epstein’s associates. Among them was a squirrel named Peanut - ā€œarrested (and k1lled)ā€, as Musk put it.

šŸæļø Though he never mentioned Solana’s meme token $PNUT , traders quickly made the connection. Within hours, the token surged over 10% to $0.2357, and the squirrel eventually resurrected… Trading volume jumped 80% to $214M, with the market reaching $223M.

It’s a familiar pattern: Musk’s random posts have long fueled crypto rallies. From $DOGE to $FLOKI and Gorklon Rust, coins tied to his online persona often see dramatic spikes. Even Bitcoin once added $111B in market cap after a single Musk bio update.

Whether PNUT has staying power remains unclear. Meanwhile, the billionaire’s political ambitions are also gaining attention. Musk recently announced the formation of the ā€œAmerican Partyā€, aiming to disrupt the two-party system with a tech-savvy, centrist alternative. As always, he’s playing multiple games at once and rewriting the rules as he goes 🦾
#MuskAmericaParty #ElonMuskTalks