One Solana (SOL)-based memecoin goes parabolic after high US crypto alternate Coinbase added the digital asset to its itemizing roadmap.
Coinbase announced including Peanut the Squirrel (PNUT) to the roadmap, triggering a greater than 31% achieve Wednesday.
PNUT is buying and selling for $1.34 at time of writing. With a market cap of $1.3 billion, the memecoin is the 111th largest crypto challenge.
Coinbase makes use of the itemizing roadmap for transparency and to stop insider buying and selling on cash previous to them being listed. Being positioned on the itemizing roadmap means the agency has decided the asset will probably be obtainable for buying and selling sooner or later.
PNUT is only one of a number of memecoins Coinbase has to its platform for buying and selling in current weeks. Others embrace Gigachad (GIGA), a crypto asset impressed by the photograph shoot of Russian bodybuilder Ernest Khalimov, Turbo (TURBO), a GPT-4 impressed memecoin, MOG Coin (MOG), a memecoin obtainable on each the Ethereum (ETH) and Base blockchains, and Moo Deng (MOODENG), a Solana-based memecoin.
Final month, the world’s high alternate Binance listed PNUT for buying and selling and the memecoin surged by greater than 320%.
PNUT is impressed by the squirrel rescued by a New York household named Peanut. The squirrel turned well-liked on the household’s TikTok movies and Instagram, however New York wildlife officers seized the animal based mostly on state legal guidelines that prohibit retaining squirrels as pets.
The squirrel was euthanized on October thirtieth, which turned a viral incident.
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Featured Picture: Shutterstock/Jorm S