🚀 Memecoin PNUT Skyrockets After Elon Musk Drops Epstein Reference

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Author:

Coindesk

Release Time:

2025-07-09 06:08:51

Memecoin PNUT Rips on Elon Musk’s Epstein Cue

When Elon speaks, memecoins move—and PNUT just got the ultimate endorsement-by-implication.

### The Musk Effect Strikes Again

Another day, another cryptic tweet sending shockwaves through crypto. This time it’s PNUT, the meme token that’s eating Bitcoin’s lunch (or at least its snack money).

### Why This Pump Isn’t Just Hot Air

Forget fundamentals—this is pure narrative trading. The Epstein nod triggered algo bots and degenerate gamblers alike, proving once again that crypto markets run on vibes and billionaire subtweets.

### A Cynic’s Footnote

Meanwhile, traditional investors are still waiting for that ‘institutional adoption’ they were promised. Maybe next cycle.

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