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Peanut the Squirrel (PNUT), a new Meme Coin on the Solana blockchain, has experienced a staggering 2,000% price increase in just one week.
Since its recent launch, PNUT quickly attracted attention, marking itself as one of the dominant tokens this week. As PNUT continues its remarkable journey, it has reached a new milestone in market value.
PNUT Is No Longer “Peanuts”
Demand for PNUT was evident in trading volume, which spiked 690% within 36 hours. Initially, PNUT’s trading volume was 291 million USD, but has since skyrocketed to 2.3 billion USD, demonstrating growing interest in this Meme Coin. The increase in trading volume evokes growing investor appetite, especially considering the recent launch of PNUT.
Although new, PNUT has shown strong confidence in the market. The rapid increase in trading volume shows investor interest, possibly due to the attraction of high returns and the recent popularity of this Token. This momentum is important for PNUT, as sustained demand could continue to drive price action in the near term.
PNUT’s recent price increase has placed it among the top 100 crypto assets by market capitalization. With a market capitalization surpassing $1 billion, PNUT has surpassed famous tokens such as Algorand (ALGO), Raydium (RAY), and Bitcoin SV (BSV). The listing on Binance spurred further growth, expanded reach, and strengthened market momentum.
The rapid growth of this Meme Coin in market value speaks volumes about its influence. As it climbs the ranks among established cryptocurrencies, PNUT’s growth highlights the influence of market trends and listings on its performance. High market capitalization and prominent listing reinforce its momentum and confirm investor interest.
PNUT Price Prediction: Extreme Growth
PNUT’s price jumped 154% on Wednesday, adding to the week’s gains and taking the trading price to $1.15. This increase is a key part of the current bull run, which has pushed the token close to 2,000%, with no signs of slowing down.
With the current meme coin market exploding, PNUT could capitalize on this momentum, potentially reaching the $2.00 mark if investor interest remains steady. This goal is completely achievable if market demand continues to support the currency’s upward trend.
However, if investors decide to take profits, PNUT’s price may experience a bearish reaction. Profit taking could erase some of the recent gains, reflecting the volatility often seen with new Meme Coins.
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