Tech mogul Elon Musk invoked a six-year-old meme to spotlight how pet squirrel ‘Peanut’s’ demise modified the course of the 2024 U.S. elections, inflicting the value of the related meme coin to leap 11%.
What occurred: In an X submit on Tuesday evening, Musk wrote, “The prophecy has been fulfilled,” responding to an previous Reddit submit about squirrels.
The submit titled “In your darkest hour, the squirrel arrives” depicted a squirrel carrying an armor protect and portrayed as humanity’s savior.
Properly, there aren’t any prizes for guessing; Musk’s point out was about late social media pet squirrel Peanut, whose demise turned a serious flashpoint earlier than the presidential elections.
Such has been the emotion, or hype, hooked up to the lovable creature {that a} Solana SOL/USD-based meme coin Peanut the Squirrel (PNUT) has skyrocketed 585% since Donald Trump’s victory. Its market cap has swelled to $482 million.
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Most Trump supporters, together with Musk, used the animal’s demise to focus on New York state officers who confiscated and euthanized Peanut because of potential rabies publicity.
“President Donald Trump will save the squirrels,” Musk mentioned in a condolence message for the squirrel.
Value Motion: On the time of writing, PNUT was exchanging arms at $0.4819, up 11.57% within the final 24 hours, in accordance to CoinMarketCap.
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