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Elon Musk’s Viral Meme Sends PNUT Soaring – What It Means for the Best Meme Coins in 2025

Elon Musk’s Viral Meme Sends $PNUT Soaring – What it Means for the Best Meme Coins in 2025

Nicola-Jane Ford
by Nicola-Jane Ford
2 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Tech billionaire, space adventurer, and aspiring President of the World, Elon Musk, has sent a meme coin soaring with just one post on his self-owned X platform. And as $PNUT sees a 153.9% spike in trading volume since yesterday, the market’s best meme coins in 2025 could go along for the ride.

Just how Musk sent $PNUT on an unintentional Tesla ride to the moon came about because of his take on the Epstein files. Go figure.

Proving that there’s never a dull moment when it comes to the US, the FBI and Department of Justice issued a statement on its review of the Jeffrey Epstein files. On a highly contentious note, however, the departments collectively state that they found no evidence of a client list.

A statement by the DOJ and FBI.
Source: Statement by the DOJ and FBI.

That, of course, is somewhat of a surprise to most, considering the many high-profile individuals – among them US President Donald Trump – who had reportedly been associated with Epstein over many years, before his suicide in 2019 while incarcerated.

And who could forget the cringy yet popcorn-worthy war of social media posts between Musk and Donald Trump, following the very public breakup of their bromance. At the time, the former head honcho of DOGE went as far as to allege that the President was mentioned in the Epstein files.

Musk's now-deleted post regarding Trump's mention in the Epstein files.

That specific post was subsequently deleted. But now that the DOJ and FBI have denied any evidence of a client list in the Epstein files, Musk has hit back with another post.

Musk's reference to Peanut the Squirrel.

This time, it’s a meme that refers to social media squirrel star Peanut and his raccoon sidekick Fred, who met their untimely demise through euthanasia at the hands of state authorities.

Musk Tweets, $PNUT Pumps

Of course, his X post is a jab at the US administration, pointing towards a cover-up. However, Musk’s mere mention of the dearly departed squirrel saw its eponymous meme coin – Peanut the Squirrel ($PNUT) – soar by 10% within a few short hours.

The $PNUT price spike.

$PNUT reached $0.2379, although it has since settled. At the time of writing, 1 $PNUT costs $0.2250. That’s still a 5.42% increase, however. And with a 24-hour trading volume of $259.26M $PNUT’s market cap is also up by 4.5%, at $222.58M.

One thing is clear. While meme coins were once dismissed as having no place among the OGs of the market, since 2024, the top meme coins have claimed their place as heavy hitters.

More Meme Coins Set to Explode?

It’s not only the likes of $DOGE, $SHIB, $PEPE, and $BONK taking the limelight. As $PNUT is also enjoying its time in the sun (thanks, Elon). And with a little viral nudge, more of the best meme coins of 2025, like the ones we’ve reviewed below, have the potential to prove their mettle.

1. Bitcoin Hyper ($HYPER) – An L2 Set to Revolutionize the Bitcoin Blockchain

Bitcoin Hyper ($HYPER) is the exciting new meme coin behind a Layer-2 Bitcoin ecosystem, designed to add much scalability to the platform. That’s big news because, while the Bitcoin blockchain is renowned for its security, it has some pitfalls.

For one, transactions are often pricey and, at the best of times, pretty slow compared to the Solana counterpart. Cross-chain compatibility is also a bugbear.

But that’s where Bitcoin Hyper steps in. It’ll enable fast, low-fee Bitcoin transactions. And, being a multi-chain platform, it’ll open the Bitcoin door to meme coins, DeFi, and dApps. That in itself is a biggie.

How $HYPER works.

$HYPER is currently in presale, which means you can buy it for just $0.0122 and stake it for an impressive 372% in rewards. Our guide to buying $HYPER explains how to do just that. Remember, though, $HYPER’s price will increase in stages. So the clock is ticking on this one.

2. Snorter Token ($SNORT) – The Telegram Bot for Instant, Easy Trading

Trading bots are becoming more and more en vogue as the crypto market attracts new investors and traders. The Snorter Bot, however, has a competitive edge – it’s native to Telegram. And powered by its native token, Snorter ($SNORT), this could be a game-changer.

That’s because the trading bot offers a fast, low-fee trading suite. That means $SNORT holders can automate swaps, execute copy trades, track their portfolios, set up stop-losses, and much more – directly from within their Telegram chat.

$SNORT features.

Whether you’re a degen or crypto newbie, the Snorter Bot pulls out all the stops to make investing and trading a cinch. And all the while employing high-grade rugpull and honeypot detection to keep you – and your crypto – safe from scams and fraud.

To explore what else this powerful little trading bot can do if you’re a $SNORT holder, take a look at our guide to buying Snorter Token. Like $HYPER, $SNORT is also in presale. It currently costs $0.0977, and you can stake yours for 220% APY.

3. America Party ($AP) – Trending on the Back of US Politics

In keeping with all things Elon and meme coins, the America Party Token ($AP) could be another one to watch. And its name is inspired by – you guessed it right – Musk’s new political party, which he announced he was launching in a July 5 X post.

To be clear, though, this meme coin is not Musk’s own pet project. But, according to the official $AP website, it is “inspired by the outspoken clarity of figures like Elon Musk, who champions truth over perception and action over rhetoric.”

The $AP token has recently been launched on DEXs.

That also makes the America Party meme coin very much a newcomer to the market. However, it has already been listed on DEXs and is available for trading.

While the future of $AP and indeed, Musk’s own political party, remains unclear, it’ll be interesting to see how this meme coin performs down the line. Especially considering that meme coins linked to – or mentioned by – Musk tend to get noticed.

Currently, $AP costs $0.002201, up 7979% since its launch less than two days ago.

The Space to Watch

When America sneezes, the rest of the world catches a cold, as they say. But if that results in Musk bolstering the meme coin market – albeit inadvertently – it’s a cold we don’t mind catching. Just ask $PNUT. It’s surely not complaining.

The rest of the meme coin market also stands to gain. That’s why we expect big things from top meme coins like $HYPER. As always, though, be sure to DYOR before making any investment. This, after all, is not financial advice, and the crypto market is unpredictable.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Nicola-Jane Ford

Nicola-Jane Ford

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Nicola-Jane is a writer for Bitcoinist whose career has seen more spins around the sun than she’d care to admit. This self-confessed word nerd prefers Mac over PC, much to the disgust of many of her colleagues. Her obsession with all things wordy began at an early age, after falling in love with Tolkien’s Lord of the Rings. A good few years later, and with a BA in English Lit and Psychology under her belt, she headed to the world of copywriting, with a little technical writing along the way. When an opportunity to work in publishing arose, Nicola-Jane took the leap and joined Condé Nast. From there on, editing and writing became the order of the day, moving from lifestyle magazines, to business publications and, now, the wonderful world of crypto and tech. Nicola-Jane lives in South Africa and is proud to call the Mother City her home, although she knows absolutely nothing about rugby. When not obsessing over crypto, she’s extremely fond of her four-legged kids, red wine, visiting faraway places and sudoku. She also believes a good horror movie is the best way to unwind after a long day of writing about crypto.

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