Solana tokens soared to market cap of $100,000,000 after the story of Peanut the Squirrel was widely shared on social media. Outrage over the controversial killing of the viral squirrel by New York officials led to a surge in Peanut-themed cryptocurrency on Solana.
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The Solana Coin Craze is a $200 target in sight after a viral squirrel ignites the coin craze.
The Tragedy Behind Trading Frenzy
Mark Longo’s emotional Instagram post The heartbreaking incidents that led to the rise of meme coins. “Well internet, you WON. You took one of the most amazing animals away from me because of your selfishness. To the group of people who called DEC, there’s a special place in hell for you,” Longo’s letter was written after Peanut and Fred had been taken from him and were euthanized.
Following complaints over living conditions, an eight-year journey that saw the squirrel go from being rescued to a social media celebrity with more than 600,000 fans came to a sudden end.
The PNUT Token leads the market
It is important to note that the word “you” means “you”. Peanut the Squirrel token (PNUT) The Solana meme coins market was dominated by a company with a market capitalization of over $120 million. The trading volume topped $300 million within 48 hours with more than 200,000 transactions on the decentralized exchanges.
Analysts point out that strong technical indicators suggest a possible push towards the $200 goal, driven by sustained trade momentum and increasing community support.
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A Multi-Chain Movement was Caused by PNUT
A BNB Smart Chain token of Peanut, inspired by Peanut’s companion, achieved an 80 million dollar valuation. The First Convicted Raccoon token (FRED), inspired by Peanut’s friend, has generated a trading volume of $83,000,000 on Solana.
Multiple decentralized exchanges reported record daily volumes of Peanut themed tokens.
Celebrity support drives growth
Elon Musk’s criticism of government actions has accelerated the movement. Elon Musk, the billionaire CEO and founder of X, called it a decision. “mindless” You can also find out more about the following: “heartless,” Contributing to the viral spreading of Peanut themed tokens on crypto markets.
Previous celebrity endorsements have caused significant price changes in the cryptocurrency market.
Trading activity and Market Forecasts
The trading patterns show that strong levels of support are forming at key price points. Buy orders tend to be concentrated around recent lows. According to the technical analysis, the $200 goal is viable in light of current market dynamics.
Trading volumes are exceeding expectations and new wallets continue to join the frenzy.
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The Solana coin meme shows crypto’s unique ability to turn social media into trading assets.
The trading volume suggests that Peanut’s story continues to resonate. The trading volumes could lead to higher prices, keeping the $200 goal within reach.
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Source: watcher.guru
