Solana meme coin $PNUT surges 20% on Coinbase listing news

Coinbase has announced plans to list PNUT meme coin, sparking a 20% price surge.

Assets added to the roadmap today: Peanut the Squirrel (PNUT)https://t.co/rRB9d3hSr2

— Coinbase Assets 🛡️ (@CoinbaseAssets) December 11, 2024

PNUT’s 24-hour trading volume reached $1.5 billion following the announcement, according to CoinGecko data.

PNUT gained initial attention after the New York Department of Conservation euthanized a squirrel mascot named Peanut, a controversial incident that went viral on social media.

The meme coin quickly developed a cult following on crypto Twitter, reaching a peak market cap of $2.4 billion.

Currently trading at $1.34 with a market cap of $1.34 billion, PNUT has overtaken other meme coins such as POPCAT and MOG COIN.

Coinbase’s decision to include PNUT reflects the platform’s broader strategy to tap into the growing popularity of meme coins, following its recent additions of MOG COIN, MOO DENG, and PEPE.

With its presence now solidified on both Binance and Coinbase, PNUT is positioned to potentially extend its rally into 2025.