Memcoin PNUT Jumps After Elon Musk Mentions Squirrel in Epstein Tweet
Memecoin PNUT Slams Epstein in Light of Elon Musk's Comments
Trading volumes for PNUT, which is not associated with either the protein or Musk, increased more than 120% from $65 million to $214 million in a 24-hour period, according to CoinGecko data.
Author: Shaurya Malwa | Edited by Parikshit Mishra , Jul 9, 2025 6:08 AM.
Key points:
- Elon Musk has criticized US authorities for euthanizing a viral protein named Peanut without bringing charges against any of Jeffrey Epstein's alleged clients.
- Following Musk's comments, Solana-based meme token PNUT saw a sharp rise in both price and trading volume.
- PNUT, which has no connection to the protein or Musk, is known for its ability to trade on cultural trends and speculative interests.
The squirrel named Peanut has passed away, but the meme coin named after her lives on.
Statistics show that a late-night post by Elon Musk criticizing the US government for euthanizing a viral protein and failing to charge Epstein's alleged clients preceded a sudden surge in volumes and prices, proving that speculative interest in the market is alive and well.
