[PRESS RELEASE – Colorado, USA, November 13th, 2024]

The recent increase in the PNUT token (Peanut the Squirrel) on the cryptocurrency market reflects both user interest and BYDFi’s attention to market trends. In response to this interest, BYDFi moved to list PNUT, demonstrating its commitment to adapting to shifts within the crypto landscape.

PNUT Token’s Rise: From Personal Story to Market Frenzy

Mark Longo’s feelings about the confiscation of his beloved pet squirrel, Peanut, and his raccoon, Fred, by the New York State Department of Environmental Conservation (DEC) due to rabies concerns, shared across social media platforms. Widely circulated, the story of Peanut touched public concern and set off a reaction in the cryptocurrency markets. As an illustration of how personal stories can fuel market dynamics, the PNUT token has experienced growth within the context of social outrage and political expectancy. Besides, the token’s popularity gained further momentum with endorsements from influential figures like Elon Musk. Moreover, the atmosphere surrounding Donald Trump’s participation in the next US presidential election added another layer of speculation and interest in PNUT.

Current Statistics and Future Speculations

As of the most recent update, PNUT is priced at $0.423, with its 24-hour peak at $0.528. Its trading volume in the past day surpassed $1 billion, reflecting a substantial increase of 57.80% from the previous day. Market analysts are monitoring to see if PNUT can leverage its momentum and potentially reach the $1 milestone. Data from Dex Screener highlights an explosive rise starting November 2, with its market value increasing from negligible to over $451 million by the evening of November 11. Initially unnoticed, this Solana-based meme coin has now reached a trading volume surpassing $1 billion, indicating intense market engagement.

Exchange Listings and Insights from BYDFi

Significant crypto exchanges have quickly responded to PNUT’s rising star. Binance was fast to list Peanut the Squirrel (PNUT) and start USDT spot trading on November 11, lead