Solana meme $PNUT coin goes up 20% on Coinbase listing news

Key Takeaways

PNUT went up 20% after adding Coinbase to its listed roadmap.
The meme coin's market cap reached $1.34 billion, surpassing POPCAT and MOG COIN.

Coinbase has announced plans to list meme coin PNUT, prompting a 20% price increase.

Asset added to the roadmap today: Peanut the Squirrel (PNUT)https://t.co/rRB9d3hSr2

– Coinbase Assets 🛡️ (@CoinbaseAssets) December 11, 2024

PNUT's 24-hour trading volume reached $1.5 billion after the announcement, according to CoinGecko data.

PNUT first gained attention after the New York Department of Conservation released a squirrel mascot named Peanut, a controversial event that went viral on social media.

The meme coin quickly developed a cult following on crypto Twitter, reaching a peak market cap of $2.4 billion.

Currently trading at $1.34 with a market cap of $1.34 billion, PNUT has overtaken other meme coins such as POPCAT and MOG COIN.

Coinbase's decision to include PNUT reflects the platform's broader strategy to tap into the growing popularity of meme coins, after MOG Recently added COIN, MOO DENG, and PEPE.

With its presence now consolidated on both Binance and Coinbase, PNUT is in a position to extend its collection until 2025.