Coinbase Adds Peanut the Squirrel to Asset Roadmap, Boosting Visibility for Meme Coin

Peanut the Squirrel, a popular meme coin, has been officially included in Coinbase’s asset roadmap. This move signals a potential future listing on the platform, pending further evaluation and approval.

According to current data, PNUT has a circulating supply of 100 million tokens and a market capitalization of approximately $1,324,835,062. The announcement has triggered significant price volatility, with PNUT currently trading at $1.34.

What Does Coinbase’s Roadmap Inclusion Mean?

Coinbase’s roadmap inclusion often draws attention to smaller projects, potentially boosting their visibility and market adoption. However, listing on the exchange is not guaranteed, as assets must meet specific compliance and technical standards.

PNUT’s Viral Backstory

PNUT is a Solana-based meme coin inspired by a viral internet squirrel named Peanut. Launched in November, the token was created to honor Peanut’s memory after being seized by the New York City Department of Environmental Conservation.

PNUT was built on the Solana blockchain, allowing animal lovers to contribute to animal rescue initiatives. However, it has quickly become a viral meme coin.

Coinbase’s Meme Coin Trend

Coinbase has recently joined the meme coin trend with various listings, including MOOD and MOG. PNUT’s inclusion in the asset roadmap may indicate a growing interest in meme coins.

**Tips for Investing in Meme Coins:**

  • Conduct thorough research on the project’s backstory and community.
  • Understand the token’s use case and potential for adoption.
  • Keep an eye on market trends and volatility.
  • Never invest more than you can afford to lose.

Stay up-to-date with the latest cryptocurrency news and trends on Global Crypto News.

**Key Statistics:**

  • Circulating supply: 100 million tokens
  • Market capitalization: approximately $1,324,835,062
  • Current price: $1.34

**Related Terms:**

  • Meme Coin: a type of cryptocurrency inspired by internet memes or viral content.
  • Asset Roadmap: a list of potential assets for listing on a cryptocurrency exchange.
  • Coinbase: a popular cryptocurrency exchange platform.
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