The crypto world is buzzing again with the unmistakable ā€œElon Musk effect.ā€ After a bold and politically charged post on X (formerly Twitter), Elon Musk has once again shaken the digital asset space—this time reviving the meme coin Peanut the Squirrel ($PNUT), which surged by 13.5% within minutes.


šŸ—£ļø Musk’s Jaw-Dropping Statement:



ā€œThey arrested (and killed) Peanut, but didn’t even charge anyone on Epstein’s client list. The state is already corrupt.ā€


This controversial post, filled with political undertones, didn’t just spark debate—it ignited a rapid ā€œmini-pumpā€ in the meme coin market. PNUT Coin, which had been dormant, quickly jumped from $0.211 to $0.239.


šŸ“ˆ What is PNUT? A Meme Coin Born from Musk’s Humor

First launched in October 2024, $PNUT gained traction after Musk began sharing squirrel-themed memes and humorous posts featuring ā€œPeanut the Squirrel.ā€ It wasn’t long before the coin’s market cap hit $120 million—all thanks to Musk’s influence.


šŸ‹ Whale Activity & Past Volatility

At its peak, a major whale invested 9,600 SOL (~$1.56M) into PNUT. But soon after, the project’s developer cashed out entirely, causing the price to crash. The market cap plummeted from $120M to $50M in a short span.


šŸ”„ Musk Effect: A Proven Market Mover

From DOGE to FLOKI, GROK, and now PNUT, Musk’s tweets continue to cause massive market waves. The term ā€œElon Pumpā€ has become standard in crypto slang—and today’s PNUT spike is another textbook example.


šŸ“Š What’s Next for PNUT?

Key developments to watch in the near term:



  • Social activity is rising fast across X, Reddit, and Telegram.


  • Technical resistance at $0.240 is a crucial level—if broken, it could spark a new hype cycle.


  • However, previous rug-pull concerns and whale actions mean caution is essential.


šŸ’„ Final Thoughts: The Squirrel Returns

Peanut the Squirrel isn’t just a meme—it’s a movement. Once again, Musk’s words have brought $PNUT back into the spotlight. While the hype is real, so is the risk. For investors, navigating the Musk-fueled meme coin space means staying alert, strategic, and skeptical of sudden swings.


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