Why is Coinbase listing the meme coin Peanut the Squirrel (PNUT) on Solana?
Coinbase has announced plans to list the meme coin Peanut the Squirrel (PNUT) on the Solana network. Trading is set to commence on January 14, 2025, at 9:00 am PT, provided liquidity conditions are met. The exchange has initiated token transfers for PNUT on both Coinbase and Coinbase Exchange, with availability subject to regional trading support.
PNUT is a Solana-based meme coin inspired by a viral internet squirrel named Peanut. The token was created to honor Peanut's memory after the squirrel was controversially euthanized by the New York State Department of Environmental Conservation. Since its launch in November, PNUT has gained significant attention, achieving a market cap exceeding $1 billion and entering the top 100 cryptocurrencies. Show Less
