PNUT meme coin soars amid Coinbase listing news

Peanut the Squirrel (PNUT) has jumped more than 30% in the past 24 hours, bouncing from under $1 amid positive news.

The PNUT meme coin price hovered near $1.29 on Wednesday afternoon, up from lows of $0.98. Bulls saw its value rise to intraday highs of $1.38.

Coinbase adds PNUT to roadmap

PNUT price spiked more than 30% on Dec. 11 after US-based crypto exchange Coinbase announced the inclusion of Peanut the Squirrel on its listing roadmap. The Solana-based meme coin rose in the wake of the announcement, with broader surges for top coins adding to the upside pressure.

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

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

Peanut the Squirrel, which went viral in November amid uproar over the killing of Peanut, a squirrel that had become an internet sensation, hit its all-time high of $2.44 on November 14, 2024.

While it pared nearly half of these gains afterwards, PNUT price at the time of writing was up over 3,900% since its lows of $0.03 on Nov. 4.

Coinbase listing will add PNUT to another leading crypto exchange after the world’s largest by trading volume Binance added spot trading. Like it happened then, PNUT price is soaring.

Peanut the Squirrel is currently the 116th largest cryptocurrency and eighth largest meme coin by market cap with over $1.2 billion. In the past 24 hours, the meme coin has recorded a daily volume of over $1.7 billion, with this representing a more than 14% spike.

As well as PNUT, Coinbase has in recent weeks added meme coins such as Moo Deng, DEGEN and Mog Coin.