What PNUT Tells Us About This Market

By Don Kaufman of TheoTrade

Financial Services • Nov 13, 2024 at 4:50 PM EST

PNUT was all over the place today, hitting a $1 billion market cap after listing on Binance and getting the nod from Elon Musk.

person using MacBook Pro on table

Image Source: Unsplash

If you’ve never heard of Peanut the Squirrel… that’s okay. And if you’ve never heard of PNUT, the Peanut the Squirrel meme coin… well, lucky for you.

Because it was all over the place today, hitting a $1 billion market cap after listing on Binance and getting the nod from Elon Musk. If Elon Musk knows you exist, you’re hot - that’s how this market’s rolling right now.

It’s so perfectly indicative of the wild froth and bubble mentality out there.

Despite being completely ridiculous - Peanut the Squirrel coin for cryin’ out loud - it has big implications for us, the adults, trying to surf the waves of the S&P 500.

I’d even say this was a critical discussion for us - let’s go…

Video Length: 00:12:56

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Also Mentions:

TSLA GLD UUP FXB FXY SPY PNUT-X

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