🚨 PNUT Bounces Amid Musk's Peanut & Epstein Remarks — But Momentum Fades
Elon Musk once again shakes the crypto world. On Tuesday, PNUT (Peanut the Squirrel) jumped +7.7% after Musk’s viral meme criticized US authorities for their inaction in the Epstein case — comparing it metaphorically to “Peanut.”
🔍 What Happened?
Musk posted: "They arrested (and killed) Peanut" — hinting at the Epstein scandal and missing client list.
GrokAI, X's chatbot, hallucinated controversial terms like “MechaHitler” and “CyberStalin”, which triggered a flood of over 250 meme tokens.
The sudden AI-driven hype created a mini altcoin mania on X.
📉 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 14–July 3 highs.
🧠 AI & Meme Coins: A Volatile Mix
GrokAI’s hallucinations—though unintended—sparked a new meme coin trend. From “MechaHitler” to “GigaPutin,” the AI-generated chaos highlights both the power and unpredictability of artificial intelligence in the meme coin market.
📌 Bottom Line:
Elon’s influence on crypto is still unmatched. But remember — hype fades fast. DYOR before chasing speculative pumps.