Peanut the squirrel PNUT/USD posted a stunning 1,400% gain over the past week, gaining ground after Elon MuskIt is meme coin approval.
What happened: PNUT entered the top 10 coins even by market capitalization, with its 24-hour trading volume of $5.8 billion surpassing that of its biggest rivals like Shiba Inu SHIB/USD and reaching 20% of the trading volume of the larger good Dogecoin DOGE/USD.
A major investor, who invested approximately $2.8 million in PNUT between November 3 and 10, now holds 26.72 million PNUT worth $56.64 million, making it the largest individual holder.
Lookonchain reports that this investor made his first major profit with the meme coin in just a few days, and that his holdings skyrocketed after the coin was listed on Binance.
Another trader, Kakashi, turned a small investment of $17 PNUT in a $3 million payout.
| Cryptocurrency | Price | Market capitalization | 24 hour trend | 7-day trend |
| Peanut the squirrel | $1.95 | $1.95 billion | +26.5% | +1,464% |
| Dogecoin | $0.3975 | $58.2 billion | -8.1% | +111% |
| Shiba Inu | $0.00002525 | $14.9 billion | -9.5% | +35% |
Trader Notes: Marcell, trader specializing in peanuts points It appears that everyone who hesitated to buy PNUT at previous market caps of $30 million, $60 million and $100 million now sees it reaching $2.4 billion with no signs of slowing down.
Thanks to Musk’s influence and growing community support, PNUT is expected to become the largest coin, potentially “breaking the leaderboard” as mainstream interest increases.
Community News: In response to community demand, decentralized exchange Hyperliquid has announcement this PNUT will now be available for long or short positions with up to 5x leverage.
In addition, the deployer of the same corner donate 1 billion PNUT (worth $35,400) to Vitalik Buterin’s speech to support animal protection efforts.
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