Newcomer Solana meme coin Peanut the Squirrel ($PNUT) is not three weeks old and already, thanks to some explosive price action, it’s the eighth biggest meme coin with a market cap of $1.6 billion.
$PNUT rose 325% in the last seven days to trade at $1.63 as of this writing. This surge makes it the single largest climber among the top 100 cryptocurrencies by market cap.
In general, most leading meme coins rose significantly over the last seven days. Market leader and original meme coin Dogecoin ($DOGE) rose 25% and now trades for around $0.36, while the largest non-canine meme coin—Pepe ($PEPE)—shot up 69% to trade at $0.00002071.
This comes as Bitcoin ($BTC) is consistently clocking new all-time highs since the reelection of pro-crypto US President Donald Trump.
Bitcoin itself is up 9% while the coin powering Peanut’s home chain, Solana ($SOL) is up 11% to $243
Peanut the Squirrel ($PNUT): Primer and Analysis
Peanut the Squirrel ($PNUT) launched on halloween this year on Solana’s meme coin launchpad Pump.fun. In just three weeks, it has risen to become the 73rd largest cryptocurrency.
And it shows no signs of slowing down, either. The bulk of $PNUT’s explosive seven-day gains were won on November 13 when it exploded 300% in less than 24 hours thanks to some tweeting by X CEO Elon Musk.
Since then, $PNUT’s price has remained level. This has helped bring the token’s relative strength index (RSI) down to 48, which consolidates the asset at is current price, potentially priming it for another blistering rocket ride.
From Peanut to Flockerz: Meme Coin Winter Has Landed.
With Bitcoin clocking new all-time highs and Peanut The Squirrel going to the moon, this festive season looks set to be an exciting time for crypto.
For investors looking to buy into projects before they hit the open market, there is a world of micro-cap meme coin ICOs, where many new species of meme coin are just launching. One such offering is the new vote-to-earn (V2E) Flockerz ($FLOCK).
This month, meme coin fans have been piling into a new vote-to-earn (V2E) meme coin called Flockerz ($FLOCK). The month-old presale has raised over $2.2 million.
Touting itself as “The People’s Meme Coin,” Flockerz offers crypto fans unrivaled community-building incentives and staking rewards.
Holders of Flockerz (known as “The $FLOCK”) are members of a decentralized autonomous organization (DAO) called Flocktopia, where they can draft and vote on governance and improvement proposals.
This structure ensures community consensus dictates the decisions rather than an opaque centralized authority, like with the Neiro meme coin.
Some 25% of the project’s 12 billion $FLOCK meme coin supply is for staking, with the protocol offering stakes yield of 924% on the tokens they stake over a two-year period.
The Flock has a big reason to celebrate today!
2 million and counting! Let's keep this flock growing strong, nothing can stop us now!pic.twitter.com/4DKl7rgBid
— Flockerz (@FlockerzToken) November 16, 2024
Flockerz is a transparent and fully audited project.
That’s why Coinsult audited its smart contract, to give investors peace of mind.
Furthermore, Flockerz is eyeing up listings on both centralized and decentralized exchanges (CEXs and DEXs), so it has global ambitions to join Neiro and other top meme coins.
Join now. Follow Flockerz on X and Telegram.
Visit the Flockerz Presale Website
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