Dogecoin Disciples Take Off as PNUT, FRED Meme Coins Skyrocket

Dogecoin—the original meme coin based on a late, internet-famous dog—has been soaring over the past week. With this success, yet another fresh pack of Doge disciples has emerged and started to run up enormous gains themselves. They’re not all dog-themed coins, either.

Peanut the Squirrel is another real pet animal that also tragically died, as it was seized and euthanized by New York state authorities earlier this month citing rabies concerns. This story went viral with Elon Musk jumping on the story, making multiple posts on Twitter about the pet squirrel and getting it wrapped up in the election news cycle.

As such, a Solana meme coin called PNUT has taken off, getting listed by exchange Binance on Monday and soaring past a $1.5 billion market cap as a result. Over the past seven days, the token has skyrocketed by 1,524% to a current price of $1.65, according to CoinGecko. Alongside this, a pet raccoon called Fred—who lived in the same home as Peanut—was also seized and euthanized by New York also due to rabies concerns. On Tuesday, state officials confirmed that both Peanut and Fred did not ultimately have rabies.