Musk's Criticism Fuels PNUT Token Surge

Edited by: Yuliya Shumai

In July 2025, Elon Musk criticized U.S. authorities for euthanizing Peanut the squirrel, sparking a reaction in the cryptocurrency market. (Source: AP News, July 2025)

Following Musk's remarks, the Solana-based meme token PNUT, named after Peanut, saw a surge in trading volume. The token's price briefly reached 23 cents before stabilizing. (Source: AP News, July 2025)

This event highlights how celebrity influence can significantly affect digital asset valuations. The incident underscores the intersection of social media and cryptocurrency markets. (Source: AP News, July 2025)

Sources

  • CoinDesk

  • Elon Musk Drags Internet-Famous Squirrel Into Epstein Drama

  • Inside the investigation, seizure and death of Peanut the social media star squirrel

  • Orphaned squirrel who became social media star was euthanized after being seized from home

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