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The Peanut the Squirrel price surged 5% in the last 24 hours, trading at $0.2238 as of 3:47 a.m. EST, with trading volume jumping 143% to $251 million.
Elon Musk’s latest X post featuring Peanut the Squirrel in a meme referencing the Epstein case triggered a sharp spike in the PNUT price.
In the post, Musk draws a satirical comparison, questioning why authorities acted swiftly when they arrested Peanut the Squirrel while showing inaction in the Epstein investigation.
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
Can the price of PNUT continue soaring?
Peanut The Squirrel Price Aims For A Bullish Breakout
The PNUT price has been in a prolonged downtrend, forming a falling wedge channel pattern with strong resistance at approximately $0.50 and a support zone near $0.10.
The Peanut the Squirrel price has been making lower highs since its peak in late 2024, reflecting sustained bearish momentum.
Meanwhile, the 50-day Simple Moving Average (SMA) sits below the 200-day SMA, confirming the prevailing bearish trend, as GeckoTerminal data shows.
The Relative Strength Index (RSI) is currently at 47.99, indicating neutral momentum but with room for an upward move if buying pressure increases.
If the price of Peanut the Squirrel can hold above support and break above the descending resistance trendline, a rally toward the $0.50 resistance zone is likely in the short term.
However, failure to hold support could trigger another leg down below $0.10.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO crypto called Snorter Token (SNORT). According to Jacob Crypto Bury, a popular crypto YouTuber with over 56.9K subscribers, SNORT could soar 100X on launch.
Snorter Token Hits $1.6M In Fast-Growing Crypto Presale
The Snorter Token presale is generating strong interest, having already crossed the $1.66 million mark in early contributions.
Snorter Bot is a full-stack, Telegram-native trading assistant built to help everyday traders snipe high-upside meme coins the moment they launch, with the speed, automation, and protection that until now was only available to whales.
Its advanced algorithms help investors navigate volatile markets, automate risk management, and capitalize on opportunities faster than manual trading.
The bot is entering a space where most users currently favor Trojan and BonkBot, two bots that have gained prominence on the Solana blockchain for their affordable fees and secure transactions.
However, Snorter Bot beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other Telegram crypto trading bots.
In addition to its trading features, staking rewards currently sit at 220%, but this decreases as more investors join the ICO.
The presale is now live, and the token is selling at $0.0975. Tokens can be bought with SOL, ETH, BNB, or bank card, and staked directly on the official site.
Interested investors will want to buy before the next presale price hike in less than 1 hour.
Related News:
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