Peanut The Squirrel’s Coin PNUT Catapults 343% Higher To $420 Million Valuation: ‘The Squirrel Who Saved The Election,’ Quips Venture Capitalist

Binance is facing backlash for listing Peanut the Squirrel (CRYPTO: PNUT), a meme coin on Solana (CRYPTO: SOL) inspired by the late social media pet squirrel Peanut, which had garnered over 666,000 followers with its charming videos.

What Happened: The squirrel’s unexpected death has fueled the launch of several Peanut-themed tokens, with critics accusing Binance of capitalizing on high-risk, low-liquidity coins that can be exploited for quick profits.

Following the listing announcement, PNUT exploded for a 343% gain, according to Coingecko data. The meme coin is trading at a market capitalization of $420 million.

Tech mogul Elon Musk, a vocal supporter of President Donald Trump, tweeted his condolences for Peanut, who was euthanized by New York authorities due to potential rabies exposure after reportedly biting a person involved in an investigation.

“Go vote for Peanut,” Musk …

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