Saturday, January 18, 2025
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Peanut The Squirrel Surpasses Shiba Inu In Trading Volume: Is $1 Next?

Peanut The Squirrel PNUT/USD has rebounded with a 22% single-day surge but remains down 47% on the month, with traders questioning its near-term potential.

Cryptocurrency Price    Market Cap 24-Hour Trend 24-Hour Trading Volume
Peanut The Squirrel PNUT/USD  $0.6217 $621.6 million +24.8%  $572.8 million 
Shiba Inu SHIB/USD  $0.3519 $51.8 billion +8.1%  $371.9 million 
Dogecoin DOGE/USD  $0.00002138 $12.6 billion +4.9%  $3.2 billion 
Pepe PEPE/USD  $0.00001724 $7.3 billion +5.3%  $874.01 million  

Trader Notes: Crypto Bull expressed confidence in PNUT, predicting it’s time for the meme coin to reach $1 following its Coinbase listing.

Crypto Candy suggested that PNUT is nearing its bottom, with a massive breakout on the horizon.

Statistics: According to CryptoTalkMan, PNUT has officially surpassed Shiba Inu in trading volume, becoming the third-largest meme coin by volume—only behind Pepe PEPE/USD and Dogecoin DOGE/USD.

Community News: Coinbase Assets announced support for Peanut the Squirrel on the Solana network (SPL token).

Trading is set to begin on Jan. 14, pending liquidity conditions. However, trading will be restricted in certain jurisdictions.

The Coinbase listing has amplified community enthusiasm, as PNUT becomes more accessible to global traders. This, coupled with its recent performance, has bolstered expectations for the meme coin’s growth trajectory.

Read Next: 

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

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