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International Business Times
International Business Times
Business
Marvie Basilan

Coinbase Effect: $PNUT Memecoin Surges After Exchange Announces Listing Plan

Coinbase Peanut Mark Longo PeanutSquirrel CoinGecko DEC
Peanut the Squirrel is the inspiration behind the $PNUT memecoin. (Credit: Latin Times)

KEY POINTS

  • $PNUT has had a stellar performance in the past 30 days, increasing more than 170%
  • Coinbase has added the token to its Roadmap for asset listing but has yet to announce when $PNUT will go live
  • Peanut the squirrel stole the hearts of social media and triggered mass outrage after the DEC euthanized him

Peanut the Squirrel (PNUT), the Solana memecoin inspired by a squirrel that took the hearts of the internet in the lead-up to the 2024 U.S. elections, surged 19% overnight after leading cryptocurrency exchange Coinbase announced it was planning to list the meme token.

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