Elon Musk’s Tweet Sparks PNUT Speculation Amid Divergent On-Chain Signals

BTCC / BTCC Square / Global Cryptocurrency /

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2025-07-09 19:59:02

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Elon Musk's cryptic July 8 tweet about "Peanut" triggered frenzied speculation in PNUT markets, with the meme coin rallying 12% to $0.2398 within hours. Yet blockchain analytics reveal sophisticated traders capitalized on the HYPE cycle while retail investors chased momentum.

Exchange netflows turned positive hours before Musk's post, with $1.54 million PNUT deposited—a classic preparatory MOVE by informed participants. The subsequent $920,000 outflow coincided precisely with the local top, demonstrating textbook distribution patterns. Funding rates' convergence toward zero after weeks of negativity confirms this was a liquidity event rather than organic demand.

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