Memecoin PNUT Rips on Elon Musk’s Epstein Cue
2025-07-09 07:13:06
Main Idea
The memecoin PNUT experienced a significant surge in trading volume following Elon Musk's tweet criticizing the U.S. government's handling of the Epstein case.
Key Points
1. PNUT, a Solana-based meme token, saw its trading volume surge over 120% from $65 million to $214 million in 24 hours after Elon Musk's tweet.
2. Elon Musk's tweet criticized the U.S. government for not pursuing charges against individuals allegedly connected to Jeffrey Epstein's sex trafficking network.
3. The token's price briefly spiked over 10% following Musk's comments, reaching 23 cents before fluctuating.
4. PNUT has no actual affiliation with Elon Musk or the squirrel mentioned in his tweet.
Description
‘Peanut’ the squirrel is dead, but the meme coin named after him is still mooning. A late-night post from technocrat Elon Musk slamming U.S. authorities for euthanizing the viral squirrel while failing to charge anyone from Jeffrey Epstein’s alleged client list preceded a volume and price spike, data shows, showing speculative fervor is alive and well in the market. (The "Epstein list" refers to high-profile individuals allegedly connected to Jeffrey Epstein’s sex trafficking network. No officia...
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