Peanut the Squirrel (PNUT), a meme coin based on Solana 
$189, has seen a price increase of 12% to $0.70 within the last 24 hours, fueled by whale accumulations. The coin has demonstrated a strong recovery from the $0.50 level and is now targeting a price of $1.
PNUT Price Surge and Whale Accumulation
PNUT gained significant attention during the recent U.S. presidential elections, reaching a market cap of $1 billion shortly after its launch. However, since then, its price has remained stable, with a recovery following a drop that tested the critical support at $0.50.
The blockchain analysis platform Spot on Chain detected significant accumulation activity in PNUT tokens. A whale wallet named “FFDAa” executed a transfer of 10 million PNUT tokens (valued at $6.1 million, approximately 1% of total supply) from Binance.
This transaction marks the whale’s first recorded accumulation of PNUT tokens. After the withdrawal, nearly all tokens were transferred to another w...
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