🚀 Elon Musk’s Epstein ’Peanut’ Mention Sends PNUT Coin Soaring 10%—Memecoins Eat Drama for Breakfast

When Elon Musk drops a single cryptic word—this time 'peanut' in an Epstein-related tweet—the crypto markets lose their damn minds. PNUT coin, a memecoin nobody took seriously yesterday, just ripped a 10% gain faster than a VC dumping tokens on retail.

The Musk Effect: Crypto's Most Volatile Liquidity Pump

No whitepaper? No utility? No problem. All it takes is a billionaire's offhand reference to turn a joke token into a 'fundamental play'—until the next shiny distraction. Meanwhile, Bitcoin hodlers sigh and check their cold storage for the 800th time today.

Peanut Gallery Economics

Let’s be real: 10% pumps on vapor narratives are why TradFi mocks us—until their interns start FOMO-buying. The real winner? Whoever front-ran Musk’s tweet and sold the top. Welcome to crypto, where the 'fundamentals' are vibes, and the vibes are made up.

Elon Musk Highlights Justice Concerns

Based on reports, Musk’s post racked up more than 13.7 million views within hours. Traders quickly linked “Peanut” to the PNUT ticker. Almost immediately, PNUT price ROSE from about $0.22 to $0.23.

The token’s 24‑hour trading volume jumped roughly 80%, crossing $215 million. Market watchers estimate PNUT’s market cap now sits NEAR $224 million, out of a total supply approaching 1 billion tokens.

Market Reaction Follows Viral Meme

Meme tokens often depend on hype, and PNUT was no exception. After Musk’s message spread, order books filled fast. Buy orders outnumbered sells, driving price momentum.

Crypto bots and retail traders piled in, hoping to catch the wave. Some investors told reporters they moved funds into PNUT within minutes of seeing Musk’s post.

They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list.

Government is deeply broken. pic.twitter.com/YndRadQUBE

— Elon Musk (@elonmusk) July 8, 2025

Solana’s speedy network helped too. Transactions cleared in seconds, letting traders react without delay. That low‑fee environment amplifies meme coin rallies: when HYPE hits, people can buy or sell without worrying about high gas costs. In this case, volume spiked from around $120 million to $214 million in under a day.

Despite the rush, crypto veterans warn that PNUT’s gains could reverse just as fast. Meme tokens lack fundamentals, and hype fades quickly. Traders could face losses if views shift or if Musk moves on to the next joke.

For now, Musk’s satirical jab has put Peanut the Squirrel on center stage. Whether PNUT can hold its gains may depend on more viral moments—and on whether investors remember to take profits before the next twist.

Meanwhile, according to a memo obtained by Axios, the Justice Department and FBI under US President Donald TRUMP found no evidence that convicted sex offender Jeffrey Epstein blackmailed powerful individuals, kept a “client list,” or was murdered.

Featured image from Meta, chart from TradingView