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PNUT soared 20% after Coinbase added it to its listing roadmap. Memecoin's market capitalization reached $1.34 billion, overtaking POPCAT and MOG COIN.
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Coinbase announced plans to list the PNUT meme coin, causing a 20% price jump.
Assets added to the roadmap today: Peanut the Squirrel (PNUT)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) December 11, 2024
After the announcement, PNUT's 24-hour trading volume reached $1.5 billion, according to CoinGecko data.
PNUT first gained attention after the New York Department of Conservation euthanized a squirrel mascot named Peanut. The incident went viral on social media and caused controversy.
The meme coin quickly gained a cult following on crypto Twitter and reached a peak market capitalization of $2.4 billion.
Currently trading at $1.34 with a market cap of $1.34 billion, PNUT has overtaken other meme coins such as POPCAT and MOG COIN.
Coinbase's decision to include PNUT follows recent additions of MOG COIN, MOO DENG, and PEPE, and reflects the platform's broader strategy to capitalize on the growing popularity of meme coins.
Now, with its presence solidified on both Binance and Coinbase, PNUT is in a position to potentially extend its rise into 2025.
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