- Elon Musk’s tweet has triggered a pointy rally in Peanut the Squirrel (PNUT) memecoin.
- PNUT buying and selling quantity has additionally surged over 150% to $273 million.
- Analysts predict a possible 654% breakout for PNUT.
Elon Musk has as soon as once more ignited a crypto market frenzy, this time by reviving curiosity in an unlikely memecoin, Peanut the Squirrel (PNUT).
A single submit on X, previously Twitter, triggered a pointy rally within the value of the Solana-based token, inflicting each quantity and open curiosity to surge in a matter of hours.
The coin, beforehand flying below the radar, soared after Musk made a veiled but sarcastic comment referencing a controversial incident involving a squirrel named Peanut and a broader jab at US authorities.
The viral tweet by Elon Musk that despatched PNUT flying
The sudden spike in PNUT’s value got here shortly after Musk posted on X, expressing his frustration that nobody from Jeffrey Epstein’s alleged listing had been arrested, whereas additionally referencing the euthanisation of a squirrel named Peanut.
They arrested (and killed) Peanut, however haven’t even tried to file prices towards anybody on the Epstein consumer listing.
Authorities is deeply damaged. pic.twitter.com/YndRadQUBE
— Elon Musk (@elonmusk) July 8, 2025
His point out of Peanut reignited sympathy and outrage from a earlier incident throughout the Biden presidency, when the squirrel was reportedly taken from its proprietor and put to sleep, sparking widespread backlash and recurring mentions by Musk.
In his newest submit, the Tesla and SpaceX CEO as soon as once more used the phrase “Peanut,” a transfer that traditionally precedes market reactions amongst memecoin fans.
This specific tweet triggered the PNUT token to leap over 10%, peaking at $0.235 earlier than barely pulling again to round $0.2193.
Peanut the Squirrel (PNUT) quantity spikes as merchants pile in
Speculative curiosity exploded shortly after Musk’s submit, with PNUT’s every day buying and selling quantity surging by over 150% to succeed in $273 million.
This dramatic improve highlights the robust affect Musk continues to wield over digital property, particularly low-cap, narrative-driven tokens.
Open curiosity in PNUT futures additionally rose by 14%, hitting $132 million, suggesting that merchants have gotten more and more bullish concerning the coin’s short-term trajectory.
The buying and selling frenzy comes even if PNUT has no formal utility, roadmap, or protocol backing — its reputation rests completely on its meme attraction and Elon Musk’s unpredictable help.
Analyst predicts large upside potential for PNUT
On the time of writing, Peanut the Squirrel (PNUT) was buying and selling at $0.2193, reflecting a modest acquire of 1.3% over the previous 24 hours however nonetheless far beneath its all-time excessive of $2.44 recorded in November 2024.
The coin’s value has fluctuated inside a every day vary of $0.2128 to $0.2386, with its seven-day vary stretching from $0.2104 to $0.2536.
Regardless of the latest rally, the token stays down greater than 90% from its peak, although it has gained over 580% from its all-time low of $0.03187.
Whereas some observers dismissed the rally as one other short-lived meme coin bubble, technical analysts have began taking discover of PNUT’s value motion.
Crypto analyst Javon Marks shared his outlook on X, projecting a possible 654% rally that would see the token escape towards a goal of $1.7907.
$PNUT (Peanut The Squirrel) might be establishing right here to ship a significant continuation inside an over 654% uphill run in the direction of the $1.7907 BREAKOUT TARGET which is IN PLAY 🔥! pic.twitter.com/BgLcjJb805
— JAVON⚡️MARKS (@JavonTM1) July 9, 2025
In line with Marks, key indicators recommend that bullish momentum stays intact, setting the stage for additional positive factors if sentiment holds.
This forecast, although speculative, has attracted contemporary consideration from retail merchants desirous to experience the following meme coin wave.
