Is the $PNUT Altcoin About To Become Another Investor Windfall?

A crypto token based on a squirrel called Peanut ($PNUT) is seeing amazing growth, potentially making this coin a windfall opportunity for investors to get excited over.

Launched on the Solana blockchain, Peanut is based on a rescued injured squirrel. Her story morphed into a cause for animal rights, but when she was put down due to public health concerns, it became a hot topic just before the election, with Donald Trump and Elon Musk wading into the conversation.

One Tweet By Musk Was Enough For $PNUT to Take Off in Price

The natural progression to a meme coin was made, and after Musk promoted it online, the market cap of the coin shot up from $3M to an eye-watering $140M in only 24 hours.

Since the middle of November, the price has consistently increased, but its value has declined in the past few days by 9.7%, down to $1.11. However, from what we’re seeing, this seems to be an industry-wide downturn and not one specific to $PNUT.

While its future still looks promising, investing in crypto brings no guarantees. Especially a meme coin that seems to owe its staggering growth to a subject that quickly became politicized.

If investing in a squirrel meme coin isn’t your thing, or you just missed the 50x $PNUT, then we have two other potentially profitable and bullish meme coins that are worth looking into.

Here are the new coins with 55x potential we’re keeping our eyes on