Musk is All “For PNut”: $PNUT Rises 28% Post Musk’s Tweet

The Solana-based meme token PNUT which was inspired by the popular Instagram squirrel Peanut, has seen a whopping 28% increase after Elon Musk retweeted a clip of an interview featuring himself and Joe Rogan. In the clip, they discuss the controversial topic concerning Peanut’s confiscation and eventual euthanization. Musk, recognized for his strong support of personal freedom and individual rights, shared the clip with a simpler powerful message “For PNut”.

Musk’s retweet has also led to a new-found interest in the meme token tied to peanut, which saw a 28% increase in its value. As a result, the token’s market cap is now around $43.22M, at press time, with crypto enthusiasts showing all the more support for the token. This rise in the token’s price highlights the considerable influence celebrities like Elon Musk have in the cryptocurrency space where even a small mention of retweets can dramatically influence price.

At the time of writing, PNUT has gone down by 2.33% in the past day, and is currently trading at $0.05096 .

For the PNUT community and Peanut, the squirrel’s fans, Elon Musk’s backing seemed like a call to action, shining a light on the story again and standing as a symbol of resistance against perceived injustices. Longo, Peanut’s owner, had established the Freedom Farm animal sanctuary in Pine City.

In the memory of Peanut, his owner stated, “We moved to a small town to start a nonprofit animal rescue called P’Nut’s Freedom Farm. We understood that this internet sensation was a wave and we wanted to turn it into something great, so we moved to New York from Connecticut. We … have rescued over 300 animals, all in the name of Peanut.”

Musk and Rogan share their frustration and disbelief regarding the government’s action in a case involving Mark Longo the owner of Peanut who had his pet squirrel and raccoon taken away and ultimately euthanized. They felt this was a clear example of Biden government’s overreach and showed a troubling lack of respect for animals that were cared for and trained from a young age making these situations seem tragic and unnecessary for both the owner and the pets.

Also Read: A Trader Buys Peanut Inspired Crypto $PNUT In $17, Sees a 12000x Profit