Peanut the Squirrel (PNUT) has experienced a notable price jump from $0.09 to $0.46 in a single day, fueled by its listing on Binance.?
CoinGecko data shows PNUT’s price has surged 827% over the past seven days, with Binance’s November 11 announcement acting as the main trigger.
PNUT reached its all-time high (ATH) at $0.464 on the same day.
Binance Adds PNUT and ACT
Alongside PNUT, crypto exchange Binance also listed Act I The AI Prophecy (ACT) on November 11.
#Binance will list Act I : The AI Prophecy $ACT and Peanut the Squirrel $PNUT with Seed Tag Applied.
Read more ?? https://t.co/CmJRyTaS8I pic.twitter.com/1XHISDTOY9
— Binance (@binance) November 11, 2024
Binance’s recent trend of listing new meme coins has led to substantial price increases. For example, Cow Protocol (COW) saw a 176% jump following its Binance listing on November 6.
According to CoinGecko, ACT’s price rose from $0.021 to $0.44 in 24 hours.
Act I The AI Prophecy increase outpaced PNUT, soaring 1,695% in a day.
Solana Meme Coin Market Sees Growth
PNUT and ACT, both part of the Solana (SOL) ecosystem, have contributed to a 21.5% increase in the market cap of Solana-based meme coins over the last 24 hours.
According to CoinGecko, both tokens have now entered the top 15 Solana meme coins by market cap, with PNUT ranked 9th at $453 million and ACT in 11th place at $386.2 million, just behind Moo Deng (MOODENG).
Notably, dogwifhat (WIF), Solana’s top meme coin by market cap, has also grown above $3 in the last 24 hours.