The market cap of the squirrel-based Pnut token briefly surged to as excessive as $125 million after a social media put up by Tesla CEO Elon Musk, in accordance to information offered by DEXscreener.
The meme coin was impressed by a viral information story about New York officers confiscating and euthanizing Peanut the Squirrel, a pet squirrel with a big social media following.
Mark and Daniela Longo, the house owners of the squirrel, went viral with their tearful TikTok video, by which they lamented the authorities for taking away their beloved pet.
The story has attracted vital social media consideration, inflicting a big public backlash (particularly amongst right-wing people).
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Musk additionally weighed in on the problem by quoting Obi-Wan “Ben” Kenobi, a well-known character from the Star Wars franchise. The centibillionaire jokingly attributed the quote to “Obi PNut Kenobi.” The quote was accompanied by an AI-generated image of a cute squirrel dressed like a Jedi.
New Yorkers are required to receive a selected allow if they need to personal a wild animal.
The squirrel was confiscated due to public well being considerations since they will doubtlessly transmit rabies (despite the fact that such instances have a tendency to be very uncommon).
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Some opportunistic meme coin aficionados have determined to capitalize on the newest viral story with the Pnut meme coin.
In accordance to information provided by cryptocurrency analytics agency Lookonchain, a whale just lately spent as a lot as $831,000 so as to buy 8.99 million Pnut tokens.
At press time, the token is valued at $90.5 million after giving up some Musk-driven positive factors.
Elon Musk Pushes Market Cap of Squirrel-Based Meme Coin to $125 Million u.as we speak 2024-11-03 08:02:52
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