The price of PNUT jumps by more than 300% on Binance

Key Takeaways
  • Act I and Peanut the squirrel As of November 11, the AI prophecy can now be traded on Binance on a spot basis.
  • Over the previous week, Peanut the Squirrel has grown significantly—it has increased by 827%.
  • Act I The AI prophecy has increased by around 1,700% since the announcement of Binance’s listing.

Due to its launch on Binance, Peanut the Squirrel (PNUT) has seen a significant price increase, going from $0.09 to $0.46 in a single day.

According to CoinGecko data, Binance’s announcement on November 11 served as the primary catalyst for the 827% price increase in PNUT during the last seven days. That same day, PNUT hit its all-time high (ATH) of $0.464.

Binance Incorporates ACT and PNUT

On November 11, cryptocurrency platform Binance listed Act I, The AI Prophecy (ACT), in addition to PNUT.

Significant price rises have resulted from Binance’s recent practice of releasing new meme coins. For instance, after its November 6 debut on Binance, Cow Protocol (COW) experienced a 176% increase.

In a single day, ACT’s price increased from $0.021 to $0.44, according to CoinGecko. Act I: The AI Prophecy rise soared 1,695% in a single day, surpassing PNUT.

The Solana Meme Coin Market Expands

Over the past day, the market capitalization of Solana-based meme currencies has increased by 21.5% thanks to PNUT and ACT, two components of the Solana (SOL) ecosystem.

Both tokens have now made it into the top 15 Solana meme coins by market capitalization, according to CoinGecko. ACT is currently in 11th place at $386.2 million, just behind Moo Deng (MOODENG), and PNUT is in 9th place at $453 million.

Notably, in the past day, dogwifhat (WIF), the most popular meme coin in Solana based on market capitalization, has also risen above $3.

Leave a Reply

Your email address will not be published. Required fields are marked *