Elon Musk, a billionaire supporter of cryptocurrencies, caused volatility in the price of memecoin Peanut the Squirrel (PNUT) by mentioning it in a post on the social media platform X. This came after a UFC fighter mentioned DOGE and a famous squirrel named Peanut, to which Musk responded by sharing a squirrel emoji and referencing the Department of Energy. Following Musk's post, the price of PNUT experienced significant fluctuations. However, it is important to note that this summary does not provide investment advice.



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