Coinbase Thrust its Support for Peanut the Squirrel (PNUT) Token on Solana Network,
The Trading for $Pnut begins January 15, 2025, at 1:00 AM (UTC+8), pending sufficient liquidity.
Coinbase has confirmed its intention to support the Peanut the Squirrel (PNUT) token, which operates on the Solana network. Trading for this novel meme token begins January 15, 2025, at 1:00 AM (UTC+8), pending sufficient liquidity.
Coinbase Thrust its Support to $PNUT
The Peanut the Squirrel (PNUT) token epitomizes the playful spirit that often characterizes the meme token phenomenon.
Furthermore, the decision to support PNUT on the Solana network (designated as an SPL token) reflects Coinbase’s strategic initiative to foster innovation and expand user engagement on its platform.
The integration of PNUT into its suite of supported assets is indicative of the exchange’s responsiveness to emerging trends within the cryptocurrency market, particularly in terms of user interests and preferences.
“PNUT should only be transferred via the Solana network, transfers across other blockchain networks may lead to the irrevocable loss of funds” Coinbase Asseted
The specific contract address for the Peanut the Squirrel (PNUT) token on the Solana network is 2qEHjDLDLbuBgRYvsxhc5D6uDWAivNFZGan56P1tpump, and meticulous attention to this detail is advised for those engaging in transactions.
First Market Wave and Price Surge
On January 13th, 2025, the Solana-based memecoin, $PNUT, experienced a phenomenal 4x pump following its announcement of a spot listing on Binance.
However, the origins of $PNUT spacks from a squirrel rescued from a car accident by Mark Longo. The subsequent online community that rallied around Pnut, captivated by its resilience and endearing nature, formed the bedrock for the memecoin’s creation.
Additionally, the Binance listing catalyzed the explosive growth. The exchange’s immense liquidity and global reach provided $PNUT with unprecedented exposure, attracting a massive influx of investors seeking to capitalize on the rapidly appreciating asset.
The surge represented an increase of over 320% within 24 hours, catapulting its market capitalization to over $120 million and transforming numerous traders into overnight millionaires.
This organic, emotionally-driven foundation contrasts sharply with the often meticulously crafted marketing strategies employed by other cryptocurrencies, highlighting the power of genuine emotional connection in the digital sphere. The community’s outpouring of support for Pnut, tragically euthanized by the New York State Department of Environmental Conservation (DEC), ironically fueled a significant financial windfall for its digital namesake.
