PNUT Skyrockets 170% in 7 Days—Is This Squirrel Memecoin the Next Big Thing or Just Another Nutty Pump?

Peanut the Squirrel (PNUT) just ripped past meme coin gravity, surging 170% in a week while Bitcoin flatlined. Retail traders are piling in—but will this rally outlast the average squirrel’s attention span?

The Nutty Details: PNUT’s volume spiked 400% as degenerate gamblers chased the green candles, bypassing ’boring’ fundamentals like utility or tokenomics. Classic crypto.

What’s Next? Watch the $0.0015 resistance level. Break that, and PNUT could moon toward its ATH. Reject? Enjoy the 80% drop back to acorn valuation.

Pro tip: If your portfolio strategy involves cartoon rodents, maybe—just maybe—reconsider your life choices. Or double down. This is crypto, after all.

PNUT on the Run

The past week has been quite successful for the meme coin sector, whose total market capitalization soared by over 40% and surpassed $80 billion. Countless tokens witnessed gigantic price surges during that timeframe, with Peanut the Squirrel (PNUT) being an evident example. 

The meme coin currently trades at approximately $0.42 (per CoinGecko’s data), representing a whopping 170% increase on a seven-day scale. Moreover, the valuation climbed to $0.46 on May 13, the highest point since January this year.

Somewhat expected, the impressive rally caused multiple market observers on X to speculate on PNUT’s next potential moves. 

CRYPTO SHERIFF is among the optimists, predicting that the token could be “one of the strongest meme coins of the new era” and claiming it still has a 100x potential. Earlier this week, the X user revealed being a PNUT investor, saying their initial target was $0.50. 

“Yes, my initial target was $0.50, but that doesn’t mean I’ll sell at $0.50! Because PNUT’s true place is in the billions! I can’t wait to see where this will be at the peak of the bull run,” the analyst added.

Another X user claimed that the squirrel-themed meme coin “keeps proving it’s the real MVP” despite the fact that new tokens pop up quite frequently. They believe the asset is backed by “a solid community, steady gains, and strong momentum.”

The Bearish Scenario

There seems to be no specific catalyst that has propelled PNUT’s impressive rally. Apart from the overall revival of the entire cryptocurrency sector, of course, where Bitcoin (BTC) surged well above $100,000 and Ethereum temporarily spiked beyond $2,700.

The X user crypto Jobs warned that just because the whole market is green doesn’t mean assets can’t plunge. As such, the analyst warned about a possible 20-30% dip for Peanut the Squirrel in the short term. 

“Don’t be late, play smart, and don’t FOMO,” they concluded.