news 
Peanut the Squirrel: Could PNUT Token Price Hit a New All-Time High Soon?
Peanut the Squirrel, a Solana-based memecoin project inspired by a pet squirrel, has been making waves in the cryptocurrency market. Despite dropping more than 71% from its peak of over $2.4 last month, experts believe that PNUT token price may be poised to make a comeback and potentially hit a new all-time high.
The drop in price can be attributed to various factors such as Bitcoin’s (BTC) recent correction, causing a ripple effect across the altcoin market. Additionally, legal issues surrounding Mark Longo, alias the “Squirrel Dad,” have caused uncertainty among investors.
Despite these challenges, many experts believe that PNUT token is still an attractive investment opportunity due to its low market capitalization and potential for significant growth. The community has also been rallying behind the project, with some even speculating a possible rug-pull by Longo, which could negatively impact the price if true.
However, if PNUT can overcome these hurdles and continue on its current trajectory, it’s entirely plausible that it could hit an all-time high in the near future.
Source: coinpedia.org
