While Bitcoin reached an all-time high (ATH) near $90,000, the Altcoin Season that the community has been eagerly awaiting is still nowhere to be seen. However, the ‘super cycle of memecoins’ has become clearer than ever. The most noticeable is the explosion of DOGE , PNUT and other memecoins like D.O.G.E, SHIBA, WIF, BONK, NEIRO, etc., thanks to the collaboration of the two most fomo-inducing figures today: Donald Trump and Elon Musk.”
Mystery Whale Bets Big on Meme Coins PNUT: $16.8M Potential Profit
Peanut the Squirrel (PNUT) is one of the latest memecoins on the Solana blockchain, inspired by a real-life squirrel named P’Nuts from New York City. This squirrel gained significant attention from both the general public and the crypto community, especially after its unexpected demise. The reason for this widespread interest lies in the fact that P’Nuts was mentioned by prominent figures like Donald Trump Jr. and billionaire Elon Musk.
The backstory of P’Nuts involves controversy; the squirrel was reportedly captured and euthanized by New York State authorities following complaints from neighbors of its owner. This incident sparked public outrage, coming at a time when there were already signs of social unrest in the U.S. around issues of law enforcement and crime. Leveraging this emotionally charged narrative, the Peanut the Squirrel memecoin quickly captured public attention, positioning itself to reach a market cap of over $100 million shortly after its launch.
However, PNUT’s journey didn’t stop there. A major catalyst for its rapid rise came when Binance unexpectedly announced a spot listing for the token at midday on November 11th. Notably, this was a full spot listing rather than just opening futures trading pairs as Binance has done previously with other meme tokens like MOG, PONKE, MOODENG, GOAT, and CAT.
The impact of the Binance spot listing was immediate and dramatic, with PNUT’s price surging 4x from around $0.1 to $0.4 within just one hour, pushing its market cap from $100 million to $400 million. This was only the beginning, as the real wave of FOMO (Fear of Missing Out) hit when PNUT officially became available for trading on the exchange at 5:00 PM on November 13th.
By the time of writing, just 48 hours post-listing, the price of PNUT had skyrocketed to $1.4, representing a 14x increase for early investors who bought in right after the Binance announcement. The coin’s market cap also hit a peak of $1.4 billion before settling at around $1.2 billion, effectively placing PNUT in the exclusive “billion-dollar memecoin club” alongside long-established tokens like DOGE, SHIB, PEPE, and WIF.
The 4-hour price chart of November 13 shows that the uptrend of PNUT is very strong. However, the 4-hour RSI is deep in the overbought zone, so buying at the moment is very dangerous. Therefore, investors should wait for a correction to the 0.5-0.618 Fib zone at $0.94-$1.03 to look for a buying point. This Fib zone is found if the price tops out at the current high of $1.8.
Mystery Whale Scores Big on Meme Coins: Is $PEPU the Next Gem?
A mysterious crypto whale recently made a bold move, investing millions of dollars in two emerging meme coins: Peanut the Squirrel ($PNUT) and First Convicted Raccoon ($FRED). This high-stakes gamble paid off handsomely, with the whale’s potential profit soaring to a staggering $16.8 million following $PNUT’s Binance listing.
While the identity of this enigmatic trader remains unknown, their success underscores the potential rewards of calculated investments in emerging meme coins. As the crypto community watches with bated breath, eyes turn to the next potential millionaire-maker: Pepe Unchained ($PEPU).
Related news: Dogecoin Surges Nearly 20% After Donald Trump Appoints Elon Musk to Co-Lead the Department of Government Efficiency (DOGE)
