Trader Turns $16 Into $3 Million With PNUT Meme Coin Surge

The rise of Peanut the Squirrel coin on Binance has catapulted its market cap, drawing attention across the crypto sphere.

Peanut the Squirrel (PNUT), a Solana-based meme coin, saw a dramatic increase in value, reaching a $2 billion market cap after its listing on Binance.
A trader who invested $16 in PNUT cashed out with $3 million, benefiting from the coin's explosive growth and strategic selling.
Elon Musk's endorsement and social media attention contributed to PNUT's popularity, helping it surpass other meme coins like Dogecoin and Shiba Inu in trading volume.
Despite the rapid gains, PNUT's community remains relatively small, which could impact its long-term growth unless it expands its follower base.
Binance has waived listing fees for PNUT, signaling potential for more low-cap meme coins to be listed as the crypto market experiences a bull cycle.