Coinbase Adds PNUT Meme Coin to Asset Roadmap

The Meme Coin Inspired by Peanut the Squirrel Joins Coinbase’s Roadmap

PNUT, a meme coin inspired by the internet-famous squirrel Peanut, has been added to Coinbase’s asset roadmap, signaling the possibility of a future listing. While a listing is not guaranteed, such inclusions often draw attention to new projects and boost their visibility.

The Present Market Position of PNUT

Since Coinbase’s announcement, PNUT has seen a 25.3% price surge and is currently trading at $1.34. With a circulating supply of 100 million tokens, the cryptocurrency’s market value now exceeds $1.32 billion, according to crypto.news. This spike reflects the volatility often triggered by such disclosures.

The History of the Viral Squirrel

Introduced on the Solana blockchain in November, PNUT was inspired by Peanut, a squirrel rescued by Mark Longo after a car accident. Longo’s viral Instagram posts documenting Peanut’s life brought widespread attention. However, following anonymous complaints, the New York City Department of Environmental Conservation removed Peanut and another animal, Fred, from Longo’s custody.

Initially designed to support animal rescue initiatives, the PNUT token has since evolved into a viral meme coin, showcasing the growing interplay between cryptocurrency and internet culture.

The Interaction of Coinbase with Meme Coins

Coinbase has been actively exploring the meme coin trend, adding assets like MOODENG and MOG to its platform. PNUT’s inclusion on the roadmap underscores the exchange’s interest in this growing market, though a full listing remains contingent on compliance with Coinbase’s technical and regulatory standards.

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