PNUT Takes Off: Solana’s Meme Coin Jumps 35% on Coinbase Listing News

  • Peanut Power: PNUT’s 35% Surge After Coinbase Listing Announcement
  • Solana’s PNUT Climbs as Coinbase Expands Meme Coin Lineup
  • From Squirrel Meme to Crypto Star: PNUT Hits $1.35 After Coinbase Nod
  • Meme Coin Madness: PNUT Overtakes Rivals with 35% Price Jump
  • PNUT’s Big Leap: Analysts Predict 463% Growth for Solana’s Meme Coin

Solana-based meme coin Peanut the Squirrel (PNUT) is making waves in the crypto market after Coinbase announced plans to add it to their listing roadmap. The news sparked a 35% price surge, pushing PNUT’s value to $1.35 and lifting its market cap to $1.34 billion—surpassing popular meme coins like POPCAT and MOG COIN.

PNUT Rockets on Coinbase Listing Plans

Coinbase’s announcement has reignited interest in PNUT, which experienced a 20% initial price spike, later surging 35% within 24 hours. Trading volume also skyrocketed, reaching $1.5 billion, according to CoinMarketCap.

PNUT, originally launched on the Solana blockchain, gained traction after a viral social media controversy involving the squirrel mascot, Peanut. This incident created a loyal following on Crypto Twitter, and PNUT’s market cap had previously peaked at $2.4 billion.

Now, with its inclusion in Coinbase’s meme coin lineup, PNUT is poised for broader adoption, joining 11 other meme coins already listed on the platform.

Competing Meme Coins Face Pressure

The Coinbase listing strengthens PNUT’s market position, overtaking rivals POPCAT and MOG COIN in market capitalization. Coinbase’s listing roadmap has been a significant catalyst for meme coin price movements, with newly listed tokens often experiencing rapid value appreciation.

Earlier this year, Binance also listed PNUT, triggering a similar rally. This reflects a broader strategy by major exchanges to capitalize on the growing meme coin phenomenon.

Analysts Predict Massive Growth for PNUT

Crypto analysts are optimistic about PNUT’s future. One forecast predicts a 463% price jump, potentially reaching $5, as the token gains more visibility on top exchanges like Coinbase and Binance.

Additionally, open interest in PNUT futures has climbed by 40.48%, totaling $328.05 million, highlighting increased trader confidence in the token’s growth potential.

Coinbase Expands Meme Coin Offerings

Alongside PNUT, Coinbase also announced support for Magic Eden’s ME token, Turbo (TURBO), and Gigachad (GIGA). TURBO, an AI-developed ERC-20 token, and GIGA, an SPL token from Solana, are gaining traction with their upcoming listings.

Trading for TURBO and GIGA is scheduled to begin on December 11, subject to liquidity conditions. This move aligns with a growing trend among exchanges like Coinbase and Binance to diversify their portfolios with meme coins, catering to a wider audience of crypto enthusiasts.

PNUT’s journey from a quirky meme token to a top contender in the crypto market illustrates the powerful influence of exchange listings and community support in driving its success.