PNUT, a meme coin that has attracted much attention recently, has become the latest focus of the crypto market. Its birth opportunity stems from a sudden social disturbance. Peanut, the internet celebrity squirrel on social media, has aroused widespread resonance due to his experience. The New York State Department of Environmental Conservation (DEC) "arrested" Peanut on the grounds of rabies and eventually euthanized him, which ignited public anger. The tsunami of public opinion on social media instantly flooded into the crypto market, pushing up the price of PNUT, and even attracted the "topic maker" Musk to join in the support, pushing this coin to a highlight moment.
1. The birth of PNUT and the squirrel Peanut incident
PNUT (Peanut the Squirrel Coin) was born on the Solana blockchain and is a meme coin focusing on animal protection issues. After the news that the New York State Department of Environmental Conservation took Peanut away and euthanized him, Peanut's owner Mark Longo launched a strong protest on social media, petitioning for punishment of DEC's "violent law enforcement." The support of public figures such as Musk made the incident widely known, and "Rat lives are precious" became a popular slogan on social media. PNUT also quickly gained a lot of support and trading heat from the Peanut incident, creating a high-profile narrative rarely seen in the cryptocurrency circle.
2. Behind the surge in PNUT prices: the hype logic of Meme coins
The Peanut incident not only injected narrative hotspots into PNUT, but also attracted the attention of Degen (a group of crypto-enthusiasts). According to Dex Screener data, since the price of PNUT started to surge on November 2, its market value has exceeded 100 million US dollars in just one day, reaching a record 6,600 times increase. PNUT successfully stimulated market sentiment with the narrative of "squirrel fate" and "animal protection", allowing a lot of smart money to make a lot of money. Compared with traditional crypto assets, the hype logic of meme coins pays more attention to emotional resonance and social hotspots. The outbreak of PNUT is a classic example of this logic.
3. Musk’s promotion: the interactive effect of social media and the crypto market
As a "topic promoter" in the cryptocurrency market, Musk's influence on meme coins cannot be underestimated. Since Dogecoin, he has frequently been involved in meme coins, and this time he directly voiced his support for the Peanut incident. In his tweet, he criticized DEC's "cold-blooded" behavior, which quickly aroused public sentiment and accelerated the flow of funds into PNUT. The influence of social media is particularly evident in meme coins. Many investors have carried out short-term operations driven by emotions, causing PNUT to surge several times in a short period of time.
4. After PNUT: The future prospects of animal-themed meme coins
As the price of PNUT skyrocketed, the market heat also spread to other animal-themed meme coins, and concept coins such as raccoons and elephants have attracted attention. However, although PNUT currently occupies a relatively high level of popularity, it remains to be seen whether the market heat of animal meme coins can continue. It is worth noting that meme coins are generally highly volatile, and investors who seek quick profits need to be cautious when participating and set stop losses.
5. Social value and potential risks of meme coins
The popularity of PNUT has also sparked a discussion about the social value of meme coins. Although the narrative of animal protection has attracted a large number of supporters, meme coins that are overly dependent on hot events often find it difficult to maintain long-term value. Therefore, while chasing short-term profits, investors must also be wary of the inherent high risks of meme coins and consider holding strategies and exit timing.
The rapid rise of PNUT has once again verified the explosive power of meme coins driven by social media. However, market participants need to be aware that the hype of meme coins is extremely uncertain, and they may be trapped at high points if they are not careful. Investors should look at the "squirrel effect" of meme coins such as PNUT rationally, seize the opportunity, and be careful of exit risks.
The crypto market is ever-changing, with technical aspects and market sentiment intertwined. Do you want to get more real-time market analysis and operation strategies? Combine technical aspects and market sentiment to make flexible response strategies.
Click on the Boshi homepage to get daily market analysis and recommendations on high-quality potential currencies.
#PNUT #美国10月CPI数据即将公布 #AGLD #ACT #比特币搜索热度攀升 $BTC $PNUT $TURBO
