In the wake of Donald Trump’s significant victory in the 2024 U.S. election, meme coins themed around his persona have witnessed an extraordinary surge in value. Leading the charge, Peanut the Squirrel (PNUT) has skyrocketed by an astounding 320% within just 24 hours. This remarkable increase was driven not only by the election fervor but also by PNUT’s recent listings on major cryptocurrency exchanges such as Binance and Crypto.com.
PNUT Listings On Exchanges Propel Price By 320% in a Day
The strategic decision to list PNUT on prominent exchanges like Binance and Crypto.com has provided the token with a substantial boost. Following these pivotal announcements, PNUT’s price experienced a sharp rise. The listing on Binance alone catapulted the token’s value by an impressive 320%. Currently, PNUT is experiencing a remarkable price surge, reaching $0.5157 with a 320% increase in just one day and an astonishing 1300% rise over the past week. This surge has elevated its market value from $95 million to a staggering $517 million, making it the 215th largest cryptocurrency in the market.
PNUT Seeing Political Backing
Adding to PNUT’s momentum is its political backing. Donald Trump received a donation consisting of 1.7% of the PNUT supply, which coincided with the news of Binance’s listing, further propelling the token’s price by 300%. Enhancing the excitement, Elon Musk expressed his support for PNUT during an episode of Joe Rogan’s podcast. His endorsement, coupled with the recent buzz from the U.S. election, has driven PNUT to even greater heights.
Trump’s Expanding Crypto Portfolio
Beyond PNUT, Trump’s cryptocurrency portfolio has expanded to include several major tokens, as revealed by Arkham Intelligence. His wallet boasts an impressive 495.535 Ethereum (ETH), valued at approximately $1.65 million, and 478.7111 Wrapped Ethereum (wETH), worth around $1.59 million. Additionally, Trump holds approximately 579.29K MAGA tokens, valued at $1.04 million, and 137K of the stablecoin USDC, valued at approximately $137K.
The Rise of TROG: A Frog-Themed Meme Coin
One of the latest additions to Trump’s crypto holdings is TROG, a frog-themed meme coin inspired by his public persona. Trump now possesses around 210.345 billion TROG tokens, with an estimated value of roughly $994.93K. This addition further diversifies his crypto portfolio, reflecting the growing influence of meme coins in the market.
