š Elon Muskās Epstein Tweet Sends PNUT Memecoin Volume Surging 140%āHereās Why
Another day, another memecoin riding the Elon hype traināthis time, itās PNUTās turn to moon.
When Musk tweeted a cryptic reference to Epstein, the internet did what it does best: overanalyzed, memed, and pumped a token nobody had heard of yesterday. Volume spiked 140% in hours, because why not?
The Musk Effect: Faster Than a Tesla Ludicrous Mode
No white paper? No utility? No problem. A single Elon post can turn a joke coin into a āserious investmentā overnightāat least until the next tweet derails it.
Cryptoās New Reality: Celeb Endorsements > Fundamentals
Forget tokenomics. In 2025, price action hinges on which billionaire wakes up feeling mischievous. Traders now stalk Twitter harder than SEC filingsāwith better returns, ironically.
One cynical take? The marketās still a casinoābut at least the house now accepts memes as collateral.
Source: CoinMarketCap
The token briefly touched a high of $0.23 before correcting. Currently, it shows 5.72% pump in 24 hours, valued at $0.2285, with a market cap valuing $228.7 million.
PNUT was created as a solana memecoin and has no utility, no roadmap, and no real-world use case. Yet, it thrives on cultural moments, viral trends, and Musk mentions, traits common to todayās memecoin landscape.
Thereās also no verified or official āEpstein list,ā despite ongoing speculation and public curiosity. But Muskās comment, mixed with the strange story of a squirrel turning into a viral symbol, was enough to get retail traders rushing in.
PNUT has now become one of those hype-driven tokens that MOVE whenever thereās controversy, online drama, or a celebrity shoutout. With nothing solid behind it, the rally is just another example of how unpredictable and speculative the memecoin space really is.
Also Read: Cronos (CRO) Pumped 20% on Trump Mediaās Blue Chip ETF Inclusion: Can it Sustain Though?
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