Despite the cryptocurrency market experiencing a pullback, the meme coin Peanut the Squirrel (PNUT) surged to a new all-time high (ATH). Its popularity and price increase were likely fueled by one of Elon Musk’s latest interactions on X. The meme coin, inspired by a pet squirrel named Peanut, defied the market trend and reached a fresh peak at around $1.30, making it the 78th-largest cryptocurrency with a market cap above $1.3 billion.
PNUT’s price explosion could be attributed to Elon Musk’s recent tweet about the upcoming Department of Government Efficiency, where he said, “America was saved by a squirrel and a meme coin!”
