Peanut Price Prediction: PNUT Surges 2,585% As Elon Musk Condemns Peanut The Squirrel’s Euthanization, While This Rival Meme Coin ICO Goes P...
Release: 2024/11/03 17:47 Reading: 246
Peanut Price Skyrockets After Tragic Event
In a sudden surge, the Peanut (PNUT) price has skyrocketed by 2,585% in the past 24 hours, reaching $0.01495 as of 8:30 p.m. EST. This surge has been accompanied by a 3,403% increase in trading volume to $6.1 million.
The PNUT token was created in memory of Peanut, an orphaned squirrel who became a social media sensation with tens of thousands of followers. Peanut was tragically euthanized by New York authorities during a raid on the home of his caretaker, Mark Longo. Fred the raccoon, who was also seized during the raid, was euthanized as well.
Outrage and Support
The killing of Peanut and Fred has sparked outrage and support online. Many have expressed their sympathy for Longo and their condemnation of the government's actions.
"The tragic murder of PNUT and FRED by New York State is a symptom of the unconsciousness that pervades government agencies," said Kyle Kemper, an animal advocate. "This must change."
Billionaire Elon Musk joined thousands in condemning the killing, calling the Biden administration a "mindless and heartless killing machine."
Potential Rebound for Peanut Price
After consolidating at lower levels, the PNUT/USD pair experienced a sharp parabolic rise, reaching a high of $0.0365. This rapid upward movement suggests strong buying pressure.
However, the price has since pulled back and established support around $0.01629. This level is crucial, as it may attract buyers and create momentum for a renewed rally.
Indicators Signal Potential Uptrend
Technical indicators such as the MACD and RSI indicate neutral-to-slightly bullish momentum. If the price holds above the $0.01629 support level, further gains could follow.
Pepe Unchained Emerges as a New Contender
While Peanut investors anticipate a potential bullish surge, investors are also flocking to Pepe Unchained (PEPU). This new meme coin, inspired by the PEPE meme, has raised over $24.3 million in its ICO.
PEPU plans to launch its own Layer-2 network, "Pepe Chain," which promises faster speeds, lower costs, and increased scalability. Analysts believe that PEPU has the potential to soar post-launch.
With its ambitious plans and market enthusiasm, Pepe Unchained is quickly becoming a force to be reckoned with in the meme coin space.
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