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Elon Musk Drops Epstein ‘Peanut’ Bomb — PNUT Coin Explodes 10%

  • Elon Musk's social media post criticizing US authorities for ignoring names on the Jeffrey Epstein 'client list' led to a surge in Solana's PNUT token value.
  • Musk's post, referencing a squirrel named Peanut, coincided with a 10% increase in PNUT token's value, reaching $0.23 at one point.
  • The token's trading volume spiked by 80% to $215 million, with its market cap nearing $224 million amid a trading frenzy driven by Musk's viral meme.
  • While PNUT's value rose rapidly following Musk's post, caution is advised as meme tokens like PNUT lack fundamentals and their gains could reverse quickly.

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