Just in: Peanut (SOL: $PNUT) Gets Listed on MEXC & LBANK In an intriguing turn of events, Peanut the Squirrel ($PNUT), a community-driven cryptocurrency inspired by the famous Instagram squirrel, has been making headlines. As of today, $PNUT saw a listing on two renowned centralized exchanges, MEXC and LBANK, without the team paying any listing fees. This rare occurrence underscores the strong community backing and potential of this token, which has traders buzzing.
Market Performance & Technical Analysis
At the time of writing, $PNUT is trading up by 9.16%, with a Relative Strength Index (RSI) of 44, indicating neutral momentum. Earlier, $PNUT surged to an impressive market cap of $130 million before cooling off and consolidating around $59 million. Despite this retracement, the token’s price pattern suggests bullish potential. It appears to be forming a presumed falling wedge, a bullish reversal setup. If Bitcoin ( CRYPTOCAP:BTC ) manages to stage a comeback amidst current market consolidation, $PNUT could potentially follow suit, giving investors reasons to stay hopeful.
Trading Volume & Popularity
The daily trading volume of $PNUT stands at $187,876,966, though it has seen a decrease of 42.60% in the past 24 hours, reflecting some ebb in market activity. Despite this, the coin continues to outperform its peers, especially in the meme cryptocurrency segment, even as the broader crypto market has struggled.
Exchanges & Accessibility
$PNUT is widely accessible, being traded on both decentralized and centralized platforms. The most active market remains Raydium, where the PNUT/SOL pair has amassed a trading volume of $134,905,786 in the last 24 hours. Other notable exchanges for $PNUT trading include Raydium (CLMM) and Meteora, alongside the new listings on MEXC and LBANK.
Key Metrics & Price Highlights
- All-Time High: The highest price recorded for $PNUT was $0.1279, achieved on November 3, 2024, marking a significant milestone for the token. However, it is currently 53.63% below this peak.
- All-Time Low: The lowest recorded price was $0.04452, observed on November 4, 2024, with the current price now 33.24% higher.
- Market Cap & FDV: The current market cap of $59,447,124 places $PNUT at #592 on CoinGecko. The fully diluted valuation (FDV) mirrors this figure, based on the 1 billion tokens circulating today.
Community Power & Celebrity Influence
What makes $PNUT more than just another meme coin is its emotional and social impact, stemming from the story of Peanut the Squirrel. The tragic and widely publicized euthanization of Peanut, owned by digital creator Mark Longo, has galvanized a passionate community. Figures like Elon Musk have even referenced the coin, using the ticker $PNUT in cryptic tweets, sparking waves of investor interest.
A Coin with a Mission
Beyond the financial allure, $PNUT embodies a movement against perceived governmental overreach, drawing on the powerful narrative of Longo’s loss and his dedication to animal welfare. With significant momentum, major exchange listings, and a loyal community, $PNUT stands as a testament to the strength of community-driven crypto projects.
Conclusion
With new exchange listings and a story that resonates deeply, $PNUT is positioned for further growth. However, as always, investors should proceed with caution, remembering that market dynamics can change rapidly. Is $PNUT a simple meme token, or does it have the potential to become a crypto legend? Time will tell.
*Disclaimer: This article is for informational purposes only and does not constitute financial advice.*
Peanutbutter
Bearish vibesWhen price closes below 145.00 il be expecting a bearish move down to 144.00 and 143.500 Shalom
GBPJPY oversold or still in downtrend? SELL GJ until 144.000
GBPJPY closed below 145.500 so price will be heading towards 144.000.
Price broke the 61.8 Fib level and is currently bearish heading towards fib level 78.6.
50 EMA still above 14 EMA confirming that the market is bearish.
ADX also confirms bearish nature of market with red line above 25 000 and yellow line above the red line confirming sells for a long time.
Look for sell entries in 15-minute time frame.
Do not forget to follow your trading plan and use proper risk management.
GBPJPY 146.000
Previous daily candle broke 146.250 heading down which could see price keep going to 146.000.
Previous 4H candle broke 146.250 which will see price heading towards 146.000. we are currently waiting for the next 4Hr candle to close, should price close below 146.250 go down into 15-minute chart and look for sell signals- we will sell until 146.000 if this happens.
If price closes above 146.250 find buy signals in the 15-minute time frame and target 10 pips within 146.250 and 146.500.
Bearish Vibes i added a little more detail to my last post enjoy, 145 is the target ,bearish is the vibe.all the best. Shalom
Bullish vibes im expecting a wick fill on the daily time frame when price closes above 153 on the 4h chart we should see a
bullish move to to the 500 and 154 creating a double top and
daily candle wick fill then we sit and watch what happens next
GBPJPY for Short or LongIf price breaks and closes below 150.500, price could push down further to retest the Bullish channel support, or even further down...If prices breaks and closes above 151.000, we could see a push up to 151.500 and above, even to continue to the resistance line of the Bullish channel at about 153.500 by the end of the day or in the next couple days.
