Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Elon Musk Mentioned the Name of a New Memecoin: Price Spikes

Elon Musk Mentioned the Name of a New Memecoin: Price Spikes

BitcoinsistemiBitcoinsistemi2024/11/03 11:33
By:Mete Demiralp

Elon Musk, known for his influence on the cryptocurrency market, this time mentioned the name of a different memecoin in his post.

Interesting developments continue to occur in the cryptocurrency market under the influence of Elon Musk.

Currently, the political agenda in the US is the case of a pet squirrel, especially known in the internet world, being put to sleep by the authorities because it is wild. Donald Trump supporters are blaming the Biden and Kamala Harris administration for this incident.

As a Trump supporter, Elon Musk also began to talk about this incident frequently.

However, with this incident coming to the fore, a memecoin called “Pnut” was launched in the cryptocurrency market, inspired by the name of the squirrel named “Peanut”. Interestingly, after the launch of this memecoin, Elon Musk also referred to this squirrel as “Pnut” in his statement, which caused a sudden increase in the price of the memecoin.

Related News Big Whale Made a Mistake This Time: He Missed $1.6 Million in Profit on This Altcoin

When the data detected by Arkham is examined, it is seen that a cryptocurrency whale bought $95,400 worth of Pnut yesterday. This whale lost almost 50% of this altcoin after a while after purchasing, but did not sell. With Elon Musk mentioning Pnut's name in his Tweet, the value of the tokens in the whale's hand jumped to $1.3 million.

*This is not investment advice.

2

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

"The Little Fox" launched two tokens, sparking a meme battle between Base and Solana

MetaMask co-founder Dan launched a token in 10 minutes, with a profit exceeding 200,000.

Chaincatcher2024/11/27 12:11

Trump is about to take office, will the U.S. CFTC dominate cryptocurrency regulation?

The incoming Trump administration hopes to expand the powers of the Commodity Futures Trading Commission (CFTC), granting it regulatory authority over a significant portion of the $30 trillion digital asset market.

Chaincatcher2024/11/27 12:11

From beginner to catching the "Golden Dog," how can Meme newcomers use GMGN to scan the chain?

Rather than relying on others, it's better to be self-reliant.

Chaincatcher2024/11/27 12:11

How much longer can Bitcoin "burn"?

This financial experiment that began with the cypherpunks will eventually find its footing in the real world.

Chaincatcher2024/11/27 12:11