The $Peanut meme coin has gained nearly 70x in value, reaching a market cap of $18 million, following support from Elon Musk's X (formerly Twitter) account. This rapid rise reflects the impact of celebrity endorsements on meme coins, as seen with tokens like Dogecoin and Shiba Inu.
It wouldn't be a surprise if it gets listed on all exchanges soon..
The $Peanut coin is inspired by the story of a rescued squirrel named Peanut, who became an internet sensation before being tragically euthanized after being seized by New York authorities. Despite the pain, the coin's success underscores how viral social media moments combining cryptocurrency trends with animal rights advocacy can generate significant traction and growth in the crypto space.
