Summary:

Coinbase has announced that it plans to list the meme coin PNUT, leading to a 20% increase in its price. Following the announcement, PNUT's 24-hour trading volume reached $1.5 billion. The meme coin gained attention after a viral incident where the New York Department of Conservation euthanized a squirrel mascot named Peanut. PNUT quickly developed a cult following and reached a peak market cap of $2.4 billion. Currently trading at $1.34, PNUT has surpassed other meme coins like POPCAT and MOG COIN. Coinbase's decision to include PNUT reflects its strategy to tap into the popularity of meme coins. With listings on both Binance and Coinbase, PNUT has the potential for further gains in 2025.



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