Peanut Price Prediction: PNUT Surges 2,585% As Elon Musk Condemns Peanut The Squirrel’s Euthanization, While This Rival Meme Coin ICO Goes Parabolic

The Peanut worth has skyrocketed 2585% within the final 24 hours to trade at $0.01495 as of 8:30 p.m. EST on a 3,403% pump in buying and selling quantity to $6.1 million.

The PNUT token was created in reminiscence of Peanut, an orphaned squirrel and social media sensation with tens of hundreds of followers, who was euthanized by New York authorities after being seized from his caretaker, Mark Longo, throughout a raid on his dwelling.

Fred the raccoon and Longo’s grey rescue squirrel, often called “P’Nut” on Instagram, Fb, and TikTok, have been each humanely euthanized to check for rabies.

P’Nut, who had lived with Longo for seven years, turned beloved on-line for his playful antics, typically seen munching on waffles whereas sporting crocheted bunny ears or a miniature cowboy hat.

The tragic homicide of PNUT and FRED by New York State is a symptom of the unconsciousness that pervades authorities businesses. This should change. Assist 🐿️ and 🦝 by placing the 🦺 in your profile and standing up for pets and folks worldwide. pic.twitter.com/DjaZF8AK5u

— 🦺 Kyle Kemper (@kylekemper) November 2, 2024

The New York Division of Environmental Conservation (DEC) eliminated Peanut and Fred, citing considerations about potential human rabies publicity after a current squirrel chew. Longo, who rescued Peanut in New York Metropolis, expressed deep sorrow and shock on Instagram over the DEC’s determination.

The authorities shouldn’t be allowed to barge into your own home and kill your pet! That’s tousled.

Even whether it is unlawful to have a pet squirrel (which it shouldn’t be), why kill PNut as an alternative of merely releasing him into the forest!? https://t.co/2m9Gi5QpUT

— Elon Musk (@elonmusk) November 3, 2024

Billionaire Elon Musk joined hundreds who bemoaned the killing on-line, calling the Joe Biden administration a ”senseless and heartless killing machine.”

The authorities is a senseless and heartless killing machine

— Elon Musk (@elonmusk) November 2, 2024

“The authorities shouldn’t have the best to enter your private home and kill your pet! That’s outrageous.” He questioned the choice, including, “Even when proudly owning a pet squirrel is illegitimate (which it shouldn’t be), why not launch Peanut into the forest as an alternative of killing him?”

Peanut Price Eyes Potential Rebound as Key Assist Holds Following Parabolic Surge

This  PNUT/USD pair, on a 30-minute timeframe, initially consolidated at decrease ranges earlier than breaking out into a pointy parabolic rise, reaching a excessive of $0.0365.  this fast upward motion suggests robust shopping for stress and an accumulation part, which frequently precedes a breakout.

In accordance with GeckoTerminal data, after hitting this excessive, nevertheless, the value pulled again and established help round $0.01629, marking a possible base for a rebound.

A attainable uptrend signifies that additional good points may observe if the value holds above the $0.01629 help stage. This help is crucial as it could appeal to patrons anticipating a reversal, creating momentum for a renewed rally.

PNUTUSD Evaluation. Supply: Dextools.io

The easy shifting averages (SMAs) add context to the present pattern. The 50-period SMA is at $0.00526710, and the 200-period SMA is at $0.00161780, each nicely under the present worth stage. This vital distance between the value and these SMAs displays robust upward momentum.

Peanut Price Indicators Sign Extra Uptrend

The MACD (Transferring Common Convergence Divergence) indicator just lately skilled a bearish crossover, with the MACD line at 0.00413273 and the sign line at 0.00428569. Moreover, the histogram turned adverse at -0.00015296, indicating a lower in bullish momentum. If the MACD turns upward and produces a bullish crossover, it may signify the return of shopping for power for the Peanut worth.

The RSI (Relative Power Index) sits at 56.93, which signifies neutral-to-slightly bullish momentum. It beforehand reached overbought ranges, probably on the prime of the parabolic rise, earlier than easing right down to its present stage. 

If the value stays above the $0.01629 help stage, the uptrend may resume. A break under this stage, nevertheless, would possibly sign a extra intensive correction earlier than any future upward motion.

Pepe Unchained Storms Previous $24.3 Million: Subsequent Crypto To Explode?

As peanut worth merchants anticipate a possible bullish surge, traders are piling into Pepe Unchained (PEPU), a brand new PEPE-inspired challenge that has already raised greater than $24 million, making it one of the profitable meme coin ICOs in current historical past.

What’s sparking investor curiosity is PEPU’s bold plan to launch its personal Layer-2 community, “Pepe Chain.” Constructed to free the unique PEPE from Ethereum’s sluggish, expensive transactions, Pepe Chain guarantees speeds as much as 100 occasions quicker, far decrease prices, and elevated scalability.

We simply hit 24M! the GigaBrain group actually is displaying out for Pepe and we adore it!

Thanks a lot on your continued help and we won’t look ahead to what the long run holds!! pic.twitter.com/HReinuWM76

— Pepe Unchained (@pepe_unchained) November 1, 2024

Buyers see Pepe Chain as a game-changer for the meme coin world, providing a streamlined platform to deal with excessive demand in the course of the subsequent crypto supercycle. The community can even help decentralized purposes (dApps) particularly designed for meme cash, fueling the creation of a broader ecosystem.

An analyst from the 99Bitcoins YouTube channel, with over 706K subscribers, even predicts that PEPU may soar by 100X post-launch.

To encourage improvement, the workforce just lately launched a grant program for accepted builders constructing on Pepe Chain. The community can even embrace on the spot Ethereum bridging, a devoted block explorer, and a staking program with a formidable annual yield of 97%.

With these options and market enthusiasm, Pepe Unchained is shortly turning into one of many 12 months’s greatest meme sensations.

Pepe just isn’t messing round right this moment,

These chains are going DOWN! 🐸⛓🥊 pic.twitter.com/Wy3TzgA4mE

— Pepe Unchained (@pepe_unchained) November 2, 2024

Proper now, there’s nonetheless an opportunity to purchase PEPU tokens at $$0.01209 every. Purchase quick to safe this worth earlier than it goes up in lower than 20 hours.

Tokens could be bought with ETH, USDT, BNB, or a bank card on the official website here.

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