Meme Coin Peanut the Squirrel (PNUT) Rallies After Elon Musk’s Tweet

Bitget

News

Coinspeaker2025/07/08 16:00

By:By Bhushan Akolkar Editor Hamza Tariq

Solana-based meme coin Peanut the Squirrel (PNUT) surged over 10% after Elon Musk criticized U.S. authorities on X.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Key Notes

PNUT trading volume spiked 150% to $257 million, driven by social media-fueled speculative interest after Elon Musk’s tweet.
PNUT futures open interest rose 14% to $132 million, signaling growing bullish sentiment.
Crypto analyst Javon Marks forecast a potential 654% rally toward a breakout target of $1.7907, citing technical indicators that suggest strong upside continuation.

Meme coin Peanut the Squirrel PNUT $0.21 24h volatility: 5.1% Market cap: $211.57 M Vol. 24h: $104.45 M , named after the viral squirrel named Peanut, is once again in the limelight, surging over 7% to $0.235 earlier today following Elon Musk’s recent tweet.

The daily trading volume for PNUT has shot up by 150% to more than $257 million, showing strong bullish sentiment for the meme coin.

PNUT Meme Coin Soars 10% After Elon Musk’s Viral Post

Solana-based meme coin PNUT surged more than 10% late Tuesday following a viral post from Elon Musk, reigniting speculative mania in crypto markets. The Tesla and SpaceX CEO criticized U.S. authorities for euthanizing “Peanut,” a squirrel that recently gained internet fame, while also taking aim at the government’s failure to prosecute individuals linked to Jeffrey Epstein’s alleged client list.

They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list.

Government is deeply broken. pic.twitter.com/YndRadQUBE

— Elon Musk (@elonmusk) July 8, 2025

Musk’s post, shared on his social media platform X, triggered an immediate uptick in trading activity for PNUT. On-chain data also revealed a sharp increase in both trading volume and price within minutes of the mention.

Despite having no protocol, utility, or roadmap, PNUT continues to gain traction in the crypto space.

The token sees volatile moves amid the social media excitement and trending discussions in the market. The recent tweet by Elon Musk, and the PNUT rally soon after is a testament to it.

PNUT Open Interest Spikes 14%, Analysts Expect 600% Rally

Following Elon Musk’s tweet, the PNUT futures open interest has surged by 14% to $132 million, as per the Coinglass data. The increase in the open interest highlights strong trader sentiment for the squirrel-themed meme coin. Some market analysts also believe that the rally is likely to continue from here onwards.

Solana SOL $149.3 24h volatility: 1.2% Market cap: $79.99 B Vol. 24h: $4.32 B meme coin PNUT may be positioning for a significant continuation rally, according to crypto analyst Javon Marks, who highlighted a potential 654% upside move toward the token’s projected breakout target of $1.7907.

In a post on X, Marks noted that the setup suggests strong bullish momentum remains in play, with technical indicators pointing to the possibility of an extended leg higher.

$PNUT (Peanut The Squirrel) can be setting up here to deliver a major continuation within an over 654% uphill run towards the $1.7907 BREAKOUT TARGET which is IN PLAY 🔥! https://t.co/vUkSWC2ftd pic.twitter.com/BgLcjJb805

— JAVON⚡️MARKS (@JavonTM1) July 9, 2025

Meanwhile, Bitcoin also saw gains following an endorsement from Tesla CEO Elon Musk, with market observers calling it a major moment for the broader crypto ecosystem.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Oil prices are approaching $110 per barrel, with only seven and a half weeks left before the midterm elections, and the probability of the Democratic Party regaining the Senate has surpassed 50%. Political and economic pressures are forcing the White House to seek relief. Meanwhile, the structural appreciation of the yen poses an even deeper global risk—the correction in the U.S.-Japan interest rate differential, large-scale Japanese capital repatriation, and the forced unwinding of carry trades are all likely to simultaneously push up European and American bond yields and awaken the VIX. A cross-asset volatility storm may already be brewing.

华尔街见闻•2026/09/12 02:41

Wintermute’s Aggressive Liquidations Trigger Panic: 5 Cryptos Worth Risking Before Buyers Return to the Market

Cryptonewsland•2026/09/12 01:51

Once the Federal Reserve starts the rate hike cycle, is "three consecutive hikes" a reasonable expectation?

BMO expects consecutive rate hikes in October and December, with a total of three increases potentially wiping out all rate cut gains for 2025. Vanguard believes "three consecutive hikes" is a reasonable starting point, but the actual number could be as high as six. There are historical exceptions: in 1997, the Federal Reserve raised rates only once and took no further action for the following 18 months. Meanwhile, trillion-dollar debt financing by AI giants, private credit exposure in the insurance industry, and the 10-year U.S. Treasury yield approaching 5% are the most dangerous pressure points in this rate hike cycle.

华尔街见闻•2026/09/12 01:26

Goldman Sachs Also Changes Its Tune: The Fed Will Raise Interest Rates Next Week!

Goldman Sachs has shifted from predicting a rate hold to betting on a 25 basis point hike next week, stating that this change is not due to particularly bad inflation data—the August CPI was not perfect, but it wasn’t alarming either. The real key is that hawkish comments from Waller have already shaped market expectations: "If the inflation data isn’t perfect, there will be a rate hike." If the Federal Reserve backs down now, its credibility will suffer a serious blow and long-term interest rates could react sharply and immediately.

华尔街见闻•2026/09/12 01:11