Elon Musk Sparks Rally in PNUT Memecoin With Epstein Allusion

Elon Musk’s Viral Post Sends PNUT Meme Coin Trading Volume Soaring

A late-night post by Elon Musk has catapulted Solana-based meme coin PNUT into the spotlight, with trading volume jumping over 120% in just 24 hours — from $65 million to $214 million — according to CoinGecko.

The surge came despite PNUT having no official link to Musk or the viral squirrel it’s named after. The price action was fueled purely by social media momentum and speculation.

From Squirrel Outrage to Crypto Frenzy

The real “Peanut,” a squirrel that once captivated the internet, was euthanized by U.S. authorities — a move Musk publicly condemned on X (formerly Twitter). In his post, he drew a sharp contrast between the government’s treatment of the squirrel and its inaction regarding alleged associates of Jeffrey Epstein.

“Government is deeply broken,” Musk wrote. “They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list.”

The so-called “Epstein list” refers to an alleged set of high-profile individuals linked to Epstein’s crimes. No official or verified list has ever been released.

No Roadmap, No Utility — Just Hype

Moments after Musk’s post, PNUT spiked more than 10%, briefly hitting $0.23 before pulling back. The token, like many meme coins, has no underlying project, protocol, or stated purpose. Its rise was powered purely by virality.

PNUT’s rally underscores the crypto market’s continued sensitivity to online culture and influential voices. With no fundamental value or long-term vision, its fate remains tied to the ebb and flow of internet attention — and the unpredictable tweets of Elon Musk.