Peanut the Squirrel (PNUT) Surges 170% Amid Meme Coin Rally

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-14 14:38:02

Peanut the Squirrel (PNUT) has emerged as a standout performer in the meme coin sector, skyrocketing 170% in just seven days. The token, now trading at $0.42, briefly touched $0.46 on May 13—its highest level since January. The rally mirrors a broader uptick in meme coin valuations, with the sector’s market cap surpassing $80 billion this week.

Analysts are divided on PNUT’s near-term trajectory. While some foresee continued upside, others caution against a potential 20-30% retracement. The coin’s volatility underscores the speculative nature of meme assets, even as they capture disproportionate attention during crypto market upswings.

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