Peanut the Squirrel (PNUT), a meme coin inspired by the euthanization of a pet squirrel, has rapidly gained popularity and surged into the top 100 cryptocurrencies. Despite facing initial challenges, PNUT experienced a significant rebound driven by a broader market uptrend and US political events. Listing on Binance and CoinW further fueled interest in the coin, leading to its market cap exceeding $1.4 billion. PNUT has become the fastest-growing meme coin to reach a $1 billion market cap, achieving this milestone in under 10 days. Its success is attributed to its unique narrative, which resonates with its community of supporters and the association with US politics. PNUT's engagement on social media platforms, such as TikTok and Twitter, has contributed to its growing community. The coin's future growth will depend on community strength and continued support from exchanges and influencers.



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