PNUT Sees 325% Increase Over Week, Suggesting Potential New Peaks – Is This Altcoin Next?

The newly launched Solana meme coin Peanut the Squirrel ($PNUT) is less than three weeks old and has already achieved remarkable price movement, making it the eighth largest meme coin with a market capitalization of $1.6 billion.

As of this writing, $PNUT has surged 325% over the past week, trading at $1.63. This increase positions it as the top performer among the 100 largest cryptocurrencies by market capitalization.

Overall, many prominent meme coins have experienced significant gains in the last week. The leading meme coin, Dogecoin ($DOGE), has increased by 25% and is currently priced at approximately $0.36, while the largest non-canine meme coin, Pepe ($PEPE), has risen 69% to trade at $0.00002071.

This surge coincides with Bitcoin ($BTC) consistently reaching new all-time highs following the reelection of pro-crypto US President Donald Trump.

Bitcoin has appreciated by 9%, while the cryptocurrency that supports Peanut’s home chain, Solana ($SOL), has risen 11% to $243.

Peanut the Squirrel ($PNUT): Overview and Insights

Peanut the Squirrel ($PNUT) was launched on Halloween this year via Solana’s meme coin launchpad Pump.fun. In a mere three weeks, it has ascended to become the 73rd largest cryptocurrency.

It appears to be on a continuous upward trajectory. The majority of $PNUT’s impressive gains over the past week occurred on November 13, when it skyrocketed 300% in under 24 hours, largely attributed to tweets from X CEO Elon Musk.

Source: TradingView

Since that peak, $PNUT’s price has stabilized. This has contributed to a decrease in the token’s relative strength index (RSI) to 48, which consolidates the asset at its current value, potentially setting the stage for another significant price increase.

From Peanut to Flockerz: The Meme Coin Winter Has Arrived.

With Bitcoin achieving new all-time highs and Peanut The Squirrel experiencing rapid growth, this festive season is poised to be an exhilarating period for the cryptocurrency market.

For investors eager to engage with projects before they become publicly available, there exists a plethora of micro-cap meme coin ICOs, where numerous new varieties of meme coins are launching. One such project is the newly introduced vote-to-earn (V2E) Flockerz ($FLOCK).

This month, meme coin enthusiasts have been flocking to a new vote-to-earn (V2E) meme coin named Flockerz ($FLOCK). The presale, which has been active for a month, has raised over $2.2 million.

Promoting itself as “The People’s Meme Coin,” Flockerz provides crypto enthusiasts with exceptional community-building incentives and staking rewards.

Holders of Flockerz (referred to as “The $FLOCK”) are part of a decentralized autonomous organization (DAO) called Flocktopia, where they can propose and vote on governance and enhancement initiatives.

This framework ensures that community consensus drives decisions rather than an opaque centralized authority, as seen with the Neiro meme coin.

Approximately 25% of the total supply of 12 billion $FLOCK meme coins is allocated for staking, with the protocol offering a staking yield of 924% on the tokens staked over a two-year timeframe.

The Flock has a significant reason to celebrate today!
2 million and counting! Let’s keep this flock growing strong, nothing can stop us now! pic.twitter.com/4DKl7rgBid

— Flockerz (@FlockerzToken) November 16, 2024

Flockerz is a transparent and fully audited initiative.

This is why Coinsult has conducted an audit of its smart contract, providing reassurance to investors.

Additionally, Flockerz is pursuing listings on both centralized and decentralized exchanges (CEXs and DEXs), indicating its global aspirations to join Neiro and other leading meme coins.

Join now. Follow Flockerz on X and Telegram.

Visit the Flockerz Presale Website

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