Key Points:
Read more: Coinbase USDC Earn Program Stops Supporting EEA Users From December 1
PNUT is an SPL token on the Solana network and has seen remarkable growth since its launch, with its price now standing at $1.33, up an impressive 2,432% from its initial price.
Peanut the Squirrel was quick to rise to fame and joined the ranks of the largest meme coins by market capitalization. Currently, it is ranked as the 8th-biggest meme coin and the 91st-biggest cryptocurrency in general.
The listing of PNUT on Coinbase comes amidst the exchange’s recent spree of adding popular tokens, including meme coins such as Pepe (PEPE). This makes the listing of PNUT seem like a logical next step as the coin continues to rise in prominence.
Peanut the Squirrel is a project dedicated to a Solana blockchain squirrel logo and was inspired by a great sad story about a real squirrel, Pnuts, who was killed by the New York State Department of Environmental Conservation. In less than two weeks since it was launched, the meme coin became famous not only among squirrel enthusiasts but also among a great number of investors for its ongoing wave-making in the meme coin industry.
PNUT has already launched on some of the major exchanges, including Coinbase, alongside Binance, Bybit, OKX, KuCoin, HTX, and Gate.io, bringing more exposure to this newly launched coin. The soaring of the coin made comparisons with other meme coins like GOAT, which have significantly higher market capitalization despite being listed only on the Binance Futures.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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