Dogecoin—the original meme coin based on a late, internet-famous dog—has been soaring over the past week. With this success, yet another fresh pack of Doge disciples has emerged and started to run up enormous gains themselves. They’re not all dog-themed coins, either.
Peanut the Squirrel is another real pet animal that also tragically died, as it was seized and euthanized by New York state authorities earlier this month citing rabies concerns. This story went viral with Elon Musk jumping on the story, making multiple posts on Twitter about the pet squirrel and getting it wrapped up in the election news cycle.
As such, a Solana meme coin called PNUT has taken off, getting listed by exchange Binance on Monday and soaring past a $1.5 billion market cap as a result. Over the past seven days, the token has skyrocketed by 1,524% to a current price of $1.65, according to CoinGecko.
What is Pnut? The Meme Coin Dancing to Elon Musk's Tune
In a matter of days, Solana-based meme coin Peanut the Squirrel (PNUT) has climbed from relative obscurity to $150 million in trading volume, propelled by a mix of public outrage and pre-election fervor. The story went viral after his caretaker, Mark Longo, announced on social media that New York’s Department of Environmental Conservation (DEC) had taken Peanut and another pet, a raccoon named Fred, citing rabies concerns. Sparked by the tragic story of Peanut—a beloved pet squirrel seized and...
Alongside this, a pet raccoon called Fred—who lived in the same home as Peanut—was also seized and euthanized by New York also due to rabies concerns. On Tuesday, state officials confirmed that both Peanut and Fred did not ultimately have rabies.
Outraged by the news that both pet animals were killed without valid reason, a Solana meme coin called First Convicted Raccon (FRED)—yes, with the misspelling of “Racoon”—has leaped 383% over the past 24 hours—tipping a market cap of $129 million.
It’s not just these three deceased animals that the crypto community has rallied behind. Harambe on Solana (HARAMBE) is also up 92% over the past week, while classic internet meme Keyboard Cat on Ethereum layer-2 network Base (KEYCAT) has jumped 128%.
Other famous real-world animals have seen gains too, with viral pygmy hippopotamus Moo Deng (MOODENG) climbing 96% and Neiro (NEIRO) up 39% over the past 7 days.
Meme Coin Trader Who Turned $800 Into $10 Million Roundtrips Unreal Gains
When a meme coin based on a viral baby hippo in Thailand notches dizzying gains, those fortunes can melt away rather quickly. Simply look at an anonymous trader on Solana who has round-tripped millions of dollars in value these past few days. It’s the kind of luck that degens dream of: After investing $800 in Moo Deng, an allotment of 30.2 million tokens had swelled to $7.5 million in value late last month. The value of those tokens peaked at just over $10 million on September 28 when the price...
Meanwhile in the trenches, two tokens are battling it out over Jorgie Boy, a pet monkey that was seized by the police in Dallas. As reported by the Dallas Morning News, the monkey was taken away from his owner Brandi Botello, an Instagram influencer, following a car crash in which the driver faces charges of driving while intoxicated (DWI).
At the time of writing, two Jorgie-inspired tokens sit at respective market caps of $4 million and $12 million, both dedicated to Jorgie and claiming to be fighting for his freedom.
Edited by Andrew Hayward
