Donald Trump’s 2024 U.S. election win has fueled a huge surge in Trump-themed meme coins, with Peanut the Squirrel (PNUT) taking the lead. In just 24 hours, PNUT’s value has soared by an impressive 320%, boosted by election excitement and fresh listings on major exchanges like Binance and Crypto.com.
But the story doesn’t stop at PNUT; Trump’s crypto portfolio is now filled with other intriguing tokens, and even Elon Musk has jumped into the mix with an unexpected endorsement. Let’s dive into the story – shall we?
The recent PNUT listings on Binance and Crypto.com have driven a major price increase. Following these announcements, PNUT’s value jumped sharply, with Binance’s listing alone helping the token soar by 320%.
Currently trading at $0.5157, PNUT has seen a 1300% rise over the past week, pushing its market cap from $95 million to $517 million, making it the 215th largest cryptocurrency.
Adding to the hype, Trump himself received a donation of 1.7% of the PNUT supply. Soon after Binance’s listing, this donation fueled additional excitement, sending PNUT’s price even higher with a surge of around 300%.
Elon Musk also voiced his support for PNUT during a recent podcast appearance with Joe Rogan. His endorsement, along with the U.S. election buzz, has helped drive PNUT to new highs, attracting more attention to the token.
Aside from PNUT, Trump’s crypto holdings have grown to include other major tokens according to Arkham Intelligence. His wallet holds 495.535 Ethereum (ETH) worth about $1.65 million and 478.7111 Wrapped Ethereum (wETH), valued at around $1.59 million. Trump also owns around 579.29K MAGA tokens, worth $1.04 million, and 137K of the stablecoin USDC, valued at approximately $137K.
One of Trump’s newest holdings is TROG, a frog-themed meme coin inspired by his persona. Trump owns approximately 210.345 billion TROG tokens, valued at nearly $994,930, adding a unique twist to his crypto assets.
With Trump-themed tokens gaining traction, the market is closely watching to see if this trend will continue. The excitement might just be beginning.
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