The new Solana meme coin, Peanut the Squirrel (PNUT), shows no signs of slowing down its rally since the Binance listing.
This milestone propelled PNUT’s price to a record high, reaching a $2 billion market cap and securing its place among the top 50 cryptocurrencies and trending coins on CoinMarketCap.
Could this hint at more meme coin listings as the market’s bull cycle gains momentum?
Binance lists Peanut the Squirrel (PNUT)
Binance announced on November 14 that it will expand its offerings for specific tokens, starting November 15 at 08:00 UTC. The exchange will add The AI Prophecy with FDUSD and USDC trading pairs.
At the same time, Peanut The Squirrel will be available for spot trading in BTC, FDUSD, and USDC pairs. Binance will also enable spot Algo Orders for ACT in FDUSD and PNUT in BTC, FDUSD, and USDC pairs.
#Binance will list Act I : The AI Prophecy $ACT and Peanut the Squirrel $PNUT with Seed Tag Applied.
Read more 👉 https://t.co/CmJRyTaS8I pic.twitter.com/1XHISDTOY9
— Binance (@binance) November 11, 2024
The announcement boosted market confidence in these tokens’ prices as the market remains bullish. Getting listed on a major exchange like Binance often costs projects a lot, but Binance has waived listing fees to simplify the process for new tokens.
Binance Co-Founder Yi He confirmed on X that both Peanut the Squirrel and Act I: The AI Prophecy were listed for free. PNUT and ACT’s listings surprised the market, as PNUT held a market cap of $122 million and ACT only $19 million before listing.
Binance has recently added numerous low-cap meme coins, with a suggestion to hold onto a portion of any position rather than selling it all. Coinbase, meanwhile, is focusing on big-cap meme coin listings but may also become more open to low-cap listings in the future.
Peanut the Squirrel (PNUT) price prediction
Both meme coins have surged in price since their listings. PNUT is now trading at $2.04, up 15% today and 1391.04% this week, with a $2 billion market cap and $4 billion in 24-hour trading volume, making it the 7th most-traded meme coin.
Despite its price rally, PNUT’s community remains small, with limited social media followers. This modest community could restrict its future growth, as active communities often help drive meme coins’ long-term momentum. If PNUT builds a bigger following, it could strengthen its market position.
In the short term, though, investors may stay cautious due to its recent sharp gains. Indicators show the 40-day moving average as key support, with the token holding strong at this level. For those interested in buying, a pullback to around $1.34 could offer a good entry.
Alternatively, a break above recent highs could confirm continued bullish momentum, suggesting a potential entry for long-term investors.
Bitcoin’s price at $91,500 has broken key resistance levels, signaling positive momentum that influences PNUT and other coins, creating opportunities across the altcoin market. If Bitcoin continues upward, altcoins may see further gains.
With a positive market outlook, smart entry points and key technical levels will be important for capturing opportunities in PNUT and other trending altcoins.
Could this low cap meme coin Crypto All-Stars be next to explode?
The rise of PNUT shows the huge potential for low-cap meme coins. Binance often looks for strong, active communities, and Crypto All-Stars fits the bill. It’s currently in presale, offering everyone a fair chance to buy at a set price.
The presale has raised over $3.6 million, a strong start. With a token price of $0.0015618, it’s affordable for early adopters who want to tap into the meme staking trend and hold a unique crypto asset. For those looking to purchase the $STARS token, check out our guide on how to buy Crypto All-Stars.
Getting involved is simple. Investors can buy with crypto or a credit card, needing only a crypto wallet to start. Once the presale ends, investors are expected to be able to claim their tokens around the time they’re listed on a DEX.
While exact dates aren’t out yet, the excitement is building. To gain insights into the future potential of this project, check out our comprehensive analysis on Crypto All-Stars (STARS) price prediction for 2024–2030.
Crypto All-Stars is launching MemeVault, a powerful staking app specifically for meme coins, inspired by Lido. Instead of just staking ETH, holders can stake Dogecoin, Pepe, or other top meme coins all in one place.
The best part? Investors earn $STARS tokens as rewards. MemeVault stands out by using the ERC-1155 standard, which lets it handle multiple tokens more efficiently than typical staking apps.
$STARS not only strengthens the Crypto All-Stars ecosystem but also has its own staking protocol, which many presale investors are already using. The $STARS staking protocol currently offers a 451% APY, doubling holdings in less than three months, with over 1.6 billion tokens staked.
Crypto All-Stars’ strong start has caught attention. YouTubers like ClayBro predict $STARS could soar in the next bull run in 2025, especially with MemeVault as a standout feature.
These endorsements boost credibility for new crypto projects. They show that $STARS is gaining attention from key influencers, which could lead to wider adoption. While Binance’s next listing remains uncertain, Crypto All-Stars has promising potential ahead.
To take part in the $STARS token presale, visit cryptoallstars.io.
