Share this article
Memecoin PNUT Rips on Elon Musk’s Epstein Cue
PNUT, which has no affiliation with the actual squirrel or Musk, saw trading volumes surge over 120% from $65 million to $214 million in a 24-hour period, according to CoinGecko.
Jul 9, 2025, 6:08 a.m.
What to know:
- Elon Musk criticized U.S. authorities for euthanizing a viral squirrel named Peanut while failing to charge anyone from Jeffrey Epstein's alleged client list.
- Following Musk's comments, the Solana-based meme token PNUT saw a significant spike in both price and trading volume.
- PNUT, unrelated to the squirrel or Musk, is known for trading on cultural trends and speculative interest.
‘Peanut’ the squirrel is dead, but the meme coin named after him is still mooning.
A late-night post from technocrat Elon Musk slamming U.S. authorities for euthanizing the viral squirrel while failing to charge anyone from Jeffrey Epstein’s alleged client list preceded a volume and price spike, data shows, showing speculative fervor is alive and well in the market.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
(The "Epstein list" refers to high-profile individuals allegedly connected to Jeffrey Epstein’s sex trafficking network. No official, verified public list exists.)
“Government is deeply broken,” Musk wrote. “They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list.”
Loading...
Within minutes, Solana-based meme token PNUT spiked over 10% as traders piled in on the name-drop.
PNUT, which has no affiliation with the actual squirrel or Musk, saw trading volumes surge over 120% from $65 million to $214 million in a 24-hour period, according to CoinGecko. The token’s price briefly touched 23 cents before cooling.
With no protocol, no utility, and no roadmap, PNUT trades purely on cultural resonance and reflexive speculation. That makes it a favorite for momentum hunters, and a token to watch for when controversial topics do the rounds — at least on Musk’s X.
Read more: Elon Musk Says America Party Will Embrace BTC as 'Fiat Is Hopeless'
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
U.S. bitcoin, ether ETFs see largest outflows since Nov. 20 as BTC declines
Monday once again emerges as a pressure point for bitcoin, aligning ETF outflows with recurring bitcoin lows.
What to know:
- U.S. spot bitcoin and ether ETFs recorded the largest net outflows since Nov. 20.
- Monday has been a consistent pressure point for bitcoin this year, with several major local lows occurring on that day, and Velo data showing Monday as the third-worst performing day over the past 12 months.
Top Stories
