Hold onto your hats, folks, because PNUT is on a rollercoaster ride! This quirky token, inspired by a beloved pet squirrel named Peanut, has been making headlines ever since it scampered onto the scene a few months back. Running on the Solana blockchain, PNUT quickly caught the eye of crypto enthusiasts, causing its value to skyrocket like a squirrel chasing after the last acorn of autumn.
Back in mid-November, PNUT had its moment in the spotlight when it hitched a ride on Binance, soaring to an all-time high of $2.44. But as with all things that climb too high, it soon found itself tumbling down, landing at $0.47 yesterday—a drop of nearly 80% from its peak. Yikes!
But don't count this little nut out just yet! In the past 24 hours, PNUT has been on the upswing, bouncing back by double digits and breaking past the $0.6 mark for the first time in weeks. The catalyst? A promising nod from Coinbase, the biggest crypto exchange in the US, which just announced it will support the meme token on the Solana network.
The trading floor opened less than an hour ago, and the excitement is palpable. However, a word of caution from the PNUT team: make sure to stick to the Solana network when transferring your precious nuts, or you might find them lost in the crypto wilderness.
PNUT's journey is a wild one, and it looks like this squirrel is far from ready to hibernate. Stay tuned, because this ride is just getting started!
