๐จ PNUT Bounces Amid Musk's Peanut & Epstein Remarks โ But Momentum Fades
Elon Musk once again shakes the crypto world. On Tuesday, PNUT (Peanut the Squirrel) jumped +7.7% after Muskโs viral meme criticized US authorities for their inaction in the Epstein case โ comparing it metaphorically to โPeanut.โ
๐ What Happened?
Musk posted: "They arrested (and killed) Peanut" โ hinting at the Epstein scandal and missing client list.
GrokAI, X's chatbot, hallucinated controversial terms like โMechaHitlerโ and โCyberStalinโ, which triggered a flood of over 250 meme tokens.
The sudden AI-driven hype created a mini altcoin mania on X.
๐ Current Status
PNUT is now down -2.62%, cooling off after the hype.
A continued drop could test support at $0.1958.
To resume upside, PNUT must break resistance at $0.2400, aligned with May 14โJuly 3 highs.
๐ง AI & Meme Coins: A Volatile Mix
GrokAIโs hallucinationsโthough unintendedโsparked a new meme coin trend. From โMechaHitlerโ to โGigaPutin,โ the AI-generated chaos highlights both the power and unpredictability of artificial intelligence in the meme coin market.
๐ Bottom Line:
Elonโs influence on crypto is still unmatched. But remember โ hype fades fast. DYOR before chasing speculative pumps.