Elon Musk’s $PNUT Meme Sparks Price Surge – What It Means for Top Meme Coins in 2025
Meme coins are back in the spotlight, and this time, all it took was one post from Elon Musk.
The billionaire tech mogul posted a meme on X that caused meme token Peanut the Squirrel ($PNUT) to spike by over 10%, before cooling slightly to still maintain a solid 5.42% gain.
But how did this happen?
It all started when the FBI and Department of Justice (DOJ) released a statement on the Jeffrey Epstein case files, confirming that no evidence of a client list was found during their review. “This systematic review revealed no incriminating “client list“. There was also no credible evidence found that Epstein blackmailed prominent individuals as part of his actions. We did not uncover evidence that could predicate an investigation against uncharged third parties”
This came as a shock to many, especially considering how several high-profile figures, including former President Donald Trump were previously linked to Epstein. Elon Musk hit back with a tweet
Elon Musk, who once clashed online with Trump and even hinted that his name appeared in Epstein’s records, didn’t let the update pass without a jab. Although that particular post was later deleted, Musk has now responded again, this time, with a meme.
The meme referred to Peanut the squirrel and his sidekick Fred the raccoon, animals that became social media sensations but were eventually euthanized by U.S. state authorities. The post, while satirical, was clearly aimed at the current administration suggesting a cover-up.
Whether it was Musk’s influence or the power of meme culture, the result was immediate. The squirrel-themed meme coin $PNUT jumped to $0.2379 before settling at $0.2250. As of now, it holds a market cap of $222.58 million and boasts a 24-hour trading volume of $259.26 million.
This isn’t the first time a meme coin soared after Elon Musk mention it, remember DOGE? But what makes this moment stand out is how quickly $PNUT capitalized on the attention, showing just how powerful celebrity influence remains in the crypto space and communities trusting the meme.
It also reinforces the trend: top meme coins are no longer jokes. Since 2024, many have evolved from playful experiments into serious market contenders, drawing heavy volumes and real community investment.
As we move through 2025, $PNUT’s recent climb is a reminder that in the world of meme coins, news, memes, and influence still drive markets, especially when the name Elon Musk is attached. Let’s hop in when the alpha calls begin
