Interesting developments continue to occur in the cryptocurrency market under the influence of Elon Musk.
Currently, the political agenda in the US is the case of a pet squirrel, especially known in the internet world, being put to sleep by the authorities because it is wild. Donald Trump supporters are blaming the Biden and Kamala Harris administration for this incident.
As a Trump supporter, Elon Musk also began to talk about this incident frequently.
However, with this incident coming to the fore, a memecoin called “Pnut” was launched in the cryptocurrency market, inspired by the name of the squirrel named “Peanut”. Interestingly, after the launch of this memecoin, Elon Musk also referred to this squirrel as “Pnut” in his statement, which caused a sudden increase in the price of the memecoin.
When the data detected by Arkham is examined, it is seen that a cryptocurrency whale bought $95,400 worth of Pnut yesterday. This whale lost almost 50% of this altcoin after a while after purchasing, but did not sell. With Elon Musk mentioning Pnut's name in his Tweet, the value of the tokens in the whale's hand jumped to $1.3 million.
*This is not investment advice.