The popular Instagram squirrel Peanut, who inspired the creation of the PNUT meme token, has seen a significant increase in value after Elon Musk retweeted a clip of an interview featuring himself and Joe Rogan. In the clip, they discuss the controversial topic of Peanut’s confiscation and euthanization, which has led to a 28% increase in the token’s value.
Musk’s endorsement highlights the influence celebrities like him have in the cryptocurrency world, where even a small mention can dramatically affect token prices. The PNUT token has surged 192.03% and is now trading at 0.00001740, with a market cap of around $43.22M.
