Coinbase to list PNUT meme coin

Peanut the Squirrel, the viral meme coin, has been added to Coinbase’s asset roadmap.

PNUT has been officially included in Coinbase’s asset roadmap. This move most likely means a potential future listing on the platform is coming, pending further evaluation and approval. 

According to crypto.news data, PNUT (PNUT) currently has a circulating supply of 100 million tokens and a market cap of approximately $1,324,835,062. The announcement has triggered significant volatility in its price. PNUT is currently trading at $1.34.

It is currently trading at a price of $1.34.

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

Launched in November, PNUT is a Solana-based meme coin inspired by a viral internet squirrel named Peanut.

Mark Longo saved Peanut from a car accident and shared their experiences on an Instagram account dedicated to Peanut and another animal named Fred. However, the New York City Department of Environmental Conservation later seized the animals from Longo’s residence following anonymous complaints.

The PNUT token was created to honor Peanut’s memory. Built on the Solana (SOL) blockchain, it originally allowed animal lovers to contribute to animal rescue initiatives, but has quickly become a viral meme coin. 

Coinbase has recently joined the meme coin trend with various listings, including MOODENG and MOG.