Coinbase has introduced help for the meme coin Peanut the Squirrel.
The trade stated buying and selling help for the Peanut the Squirrel (PNUT) token on the Solana (SOL) community will go reside on January 14, 2025, at 9:00 am PT if liquidity circumstances permit.
“As soon as adequate provide of this asset is established buying and selling on our PNUT-USD buying and selling pair will launch in phases. Help for PNUT could also be restricted in some supported jurisdictions,” Coinbase wrote.
Token transfers for the meme coin are actually out there on each Coinbase and Coinbase Alternate, with accessibility relying on regional buying and selling help.
PNUT’s itemizing on the U.S.-based trade comes a couple of month after Coinbase added it to its itemizing roadmap. The trade hinted at the itemizing in early Dec.
The Peanut the Squirrel meme coin shot into the limelight in November 2024, following a controversial killing of a pet squirrel. The incident sparked outrage and disbelief, which quickly gave rise to the meme coin, taking crypto Twitter by storm. PNUT reached an all-time excessive of $2.47 on Nov. 14.
Nevertheless, the token has seen a big decline amid the broader crypto market’s current downturn. On Jan. 13, 2025, PNUT fell to lows of $0.46 as Bitcoin revisited the $90,000 stage and Ethereum dipped under $3,000 amid elevated sell-off stress.
PNUT, which has misplaced 79% of its worth since its all-time excessive, was down 13% in the previous 24 hours and 30% over the previous month. The meme coin was buying and selling round $0.51 following the Coinbase announcement.
