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With the end of March, Q1 2025 is also coming to a conclusion. This quarter was not the best for the crypto market, with its excessive losses and extreme volatility, similar to how meme coins operate.
The crypto market had a rather stable week, with the leader, Bitcoin, safe from witnessing any sharp rise or fall. This extended to the meme coins as well, with the lack of volatility resulting in altcoins taking a direction.
Is there a thing called the 'Robinhood effect?'
Key Highlights Meme coins – POPCAT, PNUT, and PENGU gained momentum after Robinhood announced their listing, driving investor interest despite broader market weakness. POPCAT surged 13.67% and is eyeing a breakout above $0.248, while PNUT saw an 8.50% rise, with holders and open interest surge.
Meme coins have struggled to regain momentum despite the recent listing of PENGU and PNUT on Robinhood. While these tokens were expected to surge, their price action has remained subdued, reflecting broader skepticism in the market, especially around meme coins.
Robinhood has expanded its meme token offerings by adding POPCAT, PENGU, and PNUT to its trading platform. The announcement follows previous listings of meme coins such as PEPE, BONK, WIF, and SHIB.
Robinhood confirmed the addition of Pudgy Penguins (PENGU), POPCAT, and Peanut the Squirrel (PNUT) to its trading app.
The sole plaintiff only lost $231 but is looking to represent a much larger group affected by the Peanut the Squirrel meme coin.
A United States legal firm has filed a class action lawsuit against Pump.fun, according to a Jan. 17 announcement. The law firm claims the platform caused financial losses for investors who traded the PNUT token.
Check out some of the potential factors fueling the resurgence in the meme coin niche.
A Solana (SOL)-based memecoin is surging after gaining support from top US crypto exchange Coinbase. In a post on the social media platform X, Coinbase announces the addition of Peanut the Squirrel (PNUT) to its platform for spot trading. Amid the news, Peanut the Squirrel is up 26.9% on the day.
The PNUT surge highlights the significant impact of major exchange listings on meme coins, driving investor interest and market volatility. The post Solana meme coin PNUT jumps 30% as Coinbase trading kicks off appeared first on Crypto Briefing.
PNUT went from under $0.5 to well over $0.6 within hours.
Peanut The Squirrel (CRYPTO: PNUT) has rebounded with a 22% single-day surge but remains down 47% on the month, with traders questioning its near-term potential. Cryptocurrency Price Market Cap 24-Hour Trend 24-Hour Trading Volume Peanut The Squirrel (CRYPTO: PNUT) $0.6217 $621.6 million +24.8% $572.8 million Shiba Inu (CRYPTO: SHIB) $0.3519 $51.8 billion +8.1% $371.9 million Dogecoin (CRYPTO: DOGE) $0.00002138 $12.6 billion +4.9% $3.2 billion Pepe (CRYPTO: PEPE) $0.00001724 $7.3 billion +5.3% $874.01 million Trader Notes: Crypto Bull expressed confidence in PNUT, predicting it's time for the meme coin to reach $1 following its Coinbase listing.
Coinbase, one of the top crypto exchange platforms, has said it will support Peanut the Squirrel (PNUT), a meme coin operating on the Solana network.
Peanut the Squirrel (PNUT), a Solana-based meme coin that emerged in 2024, will join Coinbase platform. Pending liquidity requirements, trading for the PNUT-USD pair is set to commence on January 14, 2025, at 9:00 AM PT.
Coinbase has announced support for the meme coin Peanut the Squirrel.
Coinbase will list the Peanut the Squirrel (PNUT) meme coin on the Solana network, with trading set to begin on January 14. However, this will be subject to liquidity conditions.
Cryptocurrencies display notable selling pressure after the failed Santa Claus rally. The crypto market cap plunged 1.45% in the past day to $3.24 trillion as Bitcoin hovers at $92.7K. While altcoins appear to suffer the most, some investors have capitalized on the discounted values to dip-buy.
Bearish signals persisted despite renewed whale interest in PNUT.
Speculation about possible listings on two major exchanges may have reignited whale interest, driving PNUT's recent rally. Peanut the Squirrel (PNUT) rose 15.4% over the past 24 hours, exchanging hands at $0.
Despite the downturn trajectory on the monthly frame, PNUT has seen incredible highs, skyrocketing by 1,200% in the past three months. Earlier this year, PNUT soared over 1,000%.
Solana meme coin Peanut the Squirrel (PNUT) is seeing huge whale accumulation thereby pushing the PNUT price up by 12% in the last 24 hours all the way to $0.70. PNUT meme coin has staged a strong recovery from the support of $0.50 and is eyeing a quick rally to $1 moving ahead, with a
The crypto market is exhibiting mixed signals at the moment, with most of the coins noting dormant or bearish movement owing to the uncertainty ahead of New Year 2025. However, other altcoins are making the most of the situation, leaving their mark.
