Memecoin PNUT Rips on Elon Musk’s Epstein Cue

cryptonews.net 09/07/2025 - 07:05 AM

‘Peanut’ the Squirrel is Dead, But the Meme Coin Named After Him is Still Mooning

A late-night post from technocrat Elon Musk slammed U.S. authorities for euthanizing the viral squirrel while failing to charge anyone from Jeffrey Epstein’s alleged client list, which led to a spike in trading volume and price for the meme coin named PNUT. Data indicates that speculative fervor remains strong in the market.

> (The “Epstein list” refers to high-profile individuals connected to Jeffrey Epstein’s sex trafficking network. No official, verified public list exists.)

Musk stated, “Government is deeply broken. They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list.”

Musk's Tweet

Within minutes, the Solana-based meme token PNUT spiked over 10%, driven by traders eager to capitalize on the name-drop.

PNUT, which has no affiliation with the actual squirrel or Musk, saw trading volumes surge over 120%, increasing from $65 million to $214 million in just 24 hours, according to CoinGecko. The token’s price briefly reached 23 cents before stabilizing.

With no protocol, utility, or roadmap, PNUT’s trading is based solely on cultural resonance and speculative interest, making it appealing to momentum traders. This token is one to watch as controversial topics circulate — especially on Musk’s platform, X.




Comments (0)

    Greed and Fear Index

    Note: The data is for reference only.

    index illustration

    Greed

    63