A abrupt societal media jab sent Solana’s Peanut the Squirrel token soaring this week. In a Tuesday post, billionaire Elon Musk criticized US authorities for ignoring names connected the Jeffrey Epstein “client list”, quipping that “more squirrels and raccoons person been arrested” than immoderate Epstein affiliates.
A motion to a squirrel named Peanut—said to person been “arrested (and killed)”—coincided with a crisp popular successful the PNUT token’s value. According to on‑chain data, PNUT climbed implicit 10% successful 24 hours, touching $0.23 astatine 1 point.
Elon Musk Highlights Justice Concerns
Based connected reports, Musk’s station racked up much than 13.7 million views wrong hours. Traders rapidly linked “Peanut” to the PNUT ticker. Almost immediately, PNUT terms roseate from astir $0.22 to $0.23.
The token’s 24‑hour trading measurement jumped astir 80%, crossing $215 million. Market watchers estimation PNUT’s marketplace headdress present sits adjacent $224 million, retired of a full proviso approaching 1 billion tokens.
Market Reaction Follows Viral Meme
Meme tokens often beryllium connected hype, and PNUT was nary exception. After Musk’s connection spread, bid books filled fast. Buy orders outnumbered sells, driving terms momentum.
Crypto bots and retail traders piled in, hoping to drawback the wave. Some investors told reporters they moved funds into PNUT wrong minutes of seeing Musk’s post.
They arrested (and killed) Peanut, but person not adjacent tried to record charges against anyone connected the Epstein lawsuit list.
Government is profoundly broken. pic.twitter.com/YndRadQUBE
— Elon Musk (@elonmusk) July 8, 2025
Solana’s speedy web helped too. Transactions cleared successful seconds, letting traders respond without delay. That low‑fee situation amplifies meme coin rallies: erstwhile hype hits, radical tin bargain oregon merchantability without worrying astir precocious state costs. In this case, measurement spiked from astir $120 million to $214 million successful nether a day.
Despite the rush, crypto veterans pass that PNUT’s gains could reverse conscionable arsenic fast. Meme tokens deficiency fundamentals, and hype fades quickly. Traders could look losses if views displacement oregon if Musk moves connected to the adjacent joke.
For now, Musk’s satirical jab has enactment Peanut the Squirrel connected halfway stage. Whether PNUT tin clasp its gains whitethorn beryllium connected much viral moments—and connected whether investors retrieve to instrumentality profits earlier the adjacent twist.
No ‘Client List’Meanwhile, according to a memo obtained by Axios, the Justice Department and FBI nether US President Donald Trump recovered nary grounds that convicted enactment offender Jeffrey Epstein blackmailed almighty individuals, kept a “client list,” oregon was murdered.
Featured representation from Meta, illustration from TradingView
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