Solana-based Peanut the Squirrel (PNUT) Rises After Coinbase Adds Memecoin to its Listing Roadmap

One Solana (SOL)-based memecoin goes parabolic after US crypto alternate Coinbase added the digital asset to its itemizing roadmap.

Coin base announced by including Peanut the Squirrel (PNUT) to the roadmap, delivering a acquire of greater than 31% on Wednesday.

PNUT is buying and selling at $1.34 on the time of writing. With a market capitalization of $1.3 billion, the memecoin is the 111th largest crypto challenge.

Coinbase makes use of the itemizing roadmap for transparency and to forestall insider buying and selling of cash earlier than they’re listed. If the corporate is positioned on the itemizing roadmap, the corporate has decided that the asset is prone to be obtainable for buying and selling sooner or later.

PNUT is only one of many memecoins that Coinbase has listed on its buying and selling platform in current weeks. Others embody Gigachad (GIGA), a crypto asset impressed by Russian bodybuilder Ernest Khalimov’s picture shoot, Turbo (TURBO), a GPT-4 impressed memecoin, MOG Coin (MOG), a memecoin obtainable on each Ethereum (ETH) as Base blockchains and Moo Deng (MOODENG), a Solana-based memecoin.

Final month, the world’s prime alternate Binance listed PNUT for buying and selling and the memecoin rose greater than 320%.

PNUT is impressed by the squirrel rescued by a New York household named Peanut. The squirrel turned in style on the household’s TikTok movies and Instagram, however New York conservationists seized the animal underneath state legal guidelines that prohibit protecting squirrels as pets.

The squirrel was euthanized on October 30, which turned a viral incident.

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Featured picture: Shutterstock/Jorm S