PNUT Meme Coin Surges 20% After Coinbase Listing Roadmap
Peanut the Squirrel (PNUT), a Solana-based meme token, has seen its value rise by 20% after Coinbase announced plans to include it in its listing roadmap.
PNUT’s market cap soared to $1.34 billion, surpassing other popular meme coins such as POPCAT and MOG COIN.
Following Binance and Bitget, Coinbase will list PNUT meme currency
Coinbase’s decision to list PNUT reignited interest among cryptocurrency traders, driving the token’s price to $1.35, a 30% surge in 24 hours. according to coin market capPNUT’s trading activity surged, with trading volume reaching $1.5 billion during the same period.
Coibase also additional GIGA, another Solana Meme coin, its roadmap to listing. However, GIGA’s price has not experienced the same increase as PNUT.
The PNUT meme coin gained traction after a viral social media controversy involving squirrel mascot Peanut gained traction on crypto Twitter. The token previously had a market capitalization of $2.4 billion at its peak.
With Coinbase now adding PNUT to its growing roster Meme Cointhe trend of listing such tokens on major exchanges continues to grow.
PNUT is currently the ninth largest meme coin, with a market size of over $1.2 billion. The meme coin was launched in early November using the popular launchpad Pump.fun. After the token went live, Binance quickly listed it and its value soared 300%, reaching an all-time high of $2.44.
However, Binance has since been heavily criticized Used to list meme coins with low market capitalization. Some users also accused the exchange of facilitating pump-and-dump behavior. Binance is also facing separation Allegations of unlawful dismissal and bribery.
Meanwhile, Pump.fun has also been criticized Introduce live broadcast function on the platform. Many users have Abusing this feature to promote harmful activities and finance Scam.
recent, Pump.fun blocks access to UK users After the FCA issued a warning about unauthorized financial services. Despite the controversy, the platform has thrived financially, generating $215 million in revenue and deploying over 3.8 million meme coins.
comprehensive, Solana Meme Coin It has gained huge popularity this year. According to CoinGecko data, the overall market capitalization of these tokens is currently $20.5 billion.
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