On December 3, 2024, the cryptocurrency community buzzed with excitement when Coinbase showcased the viral meme coin Peanut the Squirrel (PNUT) in a brief Apple Pay tutorial. This 15-second video, designed to help users navigate crypto purchases, has ignited rumors that a listing for PNUT on Coinbase may soon become a reality.
During the final moments of the tutorial, viewers caught a glimpse of Peanut the Squirrel, a popular meme coin currently absent from Coinbase’s offerings. Intriguingly, the token was highlighted as the number one trending asset, which has led traders and enthusiasts alike to speculate about its potential inclusion on the exchange. This observation was bolstered by the appearance of PNUT’s price chart, which exhibited a vibrant green uptick, suggesting robust market activity.
Many in the crypto community quickly voiced their excitement on various platforms, positing that the exposure in the tutorial was a significant indicator of upcoming listings. One user commented, “List Coinbase soon. Pnut 30B$ 50B$,” while another urged others not to miss out on this moment, stating, “Big win for $pnut but don’t sleeep, 24 hour left in our drop.” The rapid increase in PNUT’s price—up nearly 12% in the last 24 hours and an astonishing 981.41% in the past month—only adds to the mounting anticipation.
According to the current market metrics, PNUT boasts a market capitalization of $1.2 billion and is following a remarkable trajectory. Interestingly, the video also featured PNUT’s counterpart, FRED (First Convicted Raccoon), named after another meme coin inspired by a viral internet character with a story of its own. Traders have expressed excitement about the possibility of both tokens being added to Coinbase, with comments reflecting an optimistic outlook on their growing popularity.
The origins of these tokens are steeped in a poignant backstory. Launched in November, both PNUT and FRED are Solana-based meme coins that pay tribute to a squirrel and a raccoon, respectively. Tragically, the animals were confiscated due to regulatory actions, and their fate sparked widespread outcry, including reactions from high-profile individuals. The crypto community took it upon themselves to immortalize these characters through cryptocurrency, turning their story into a symbol of resilience and creativity within the meme coin market.
As the crypto world watches the developments unfold, the potential listing of Peanut the Squirrel on Coinbase could signify a new chapter for meme coins, transforming them from trendy novelties to mainstream assets within digital currency trading.
