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Coinbase, the biggest crypto alternate in the USA introduced help for the favored Solana Memecoin Peanut the Squirrel (PNUT).
Coinbase introduced the event on X giving particulars on its itemizing whereas warning customers towards dropping their funds from fallacious operations.
“ Coinbase will add help for Peanut the Squirrel (PNUT) on the Solana community (SPL token). Don’t ship this asset over different networks or your funds could also be misplaced. Transfers for this asset can be found on @Coinbase & @CoinbaseExch within the areas the place buying and selling is supported.” Coinbase Tweeted
Coinbase joins the record of among the high crypto exchanges to formally again PNUT. The alternate introduced that buying and selling would start on 15 January if liquidity situations are met.
The announcement signed off with a tweet revealing the contact handle for Peanut the Squirrel.
PNUT’s Rise to Stardom
PNUT was a part of the breakout stars of the Donald Trump-induced bull run in November final 12 months.
PNUT was impressed by a real-life incident involving a pet squirrel named Peanut, who was reportedly taken from his caretaker by New York’s Division of Environmental Conservation.
This occasion garnered vital consideration, with public figures like Elon Musk criticizing the authorities’ actions. The widespread social media protection and public outcry created a fertile floor for the launch of the PNUT memecoin, which shortly developed a cult following on X.
PNUT surged by 300% after the launch
PNUT surged by over 300% after its launch making most individuals who backed the token early plenty of cash. PNUT, Chill Man, and Dogecoin had been among the greatest performers of the November Bull run within the memecoin class.
The crypto token misplaced some steam after its preliminary surge like all memecoins however Coinbase’s current announcement may spark some resurgence.
On the time of the report, PNUT is exchanging palms for $0.619 surging by 21.8% up to now 24 hours.
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