Tech mogul Elon Musk invoked a six-year-old meme to spotlight how pet squirrel ‘Peanut’s’ dying modified the course of the 2024 U.S. elections, inflicting the worth of the related meme coin to leap 11%.
What occurred: In an X put up on Tuesday night time, Musk wrote, “The prophecy has been fulfilled,” responding to an previous Reddit put up about squirrels.
The put up titled “In your darkest hour, the squirrel arrives” depicted a squirrel carrying an armor defend and portrayed as humanity’s savior.
Nicely, there are not any prizes for guessing; Musk’s point out was about late social media pet squirrel Peanut, whose dying grew to become a significant flashpoint earlier than the presidential elections.
Such has been the emotion, or hype, connected to the lovely 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 dying to focus on New York state officers who confiscated and euthanized Peanut resulting from potential rabies publicity.
“President Donald Trump will save the squirrels,” Musk mentioned in a condolence message for the squirrel.
Worth 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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