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Crypto whales continue to show a positive trend towards newly listed tokens Peanut the Squirrel (PNUT) and Goatseus Maximus (GOAT) on the Binance platform. Over the past week, the price of PNUT surged by 2000%, while GOAT token gained 60% in value.
Significant Withdrawal of PNUT Token
According to Solscan data, a crypto whale transferred 3.848 million PNUT tokens from Binance to a personal address on November 16. This transfer was recorded at a total value of $7.12 million. The notable increase in PNUT’s price this week is striking, considering whales often signal market movements.
The same whale also invested in the GOAT token, acquiring 10 million GOAT tokens for approximately $6.1 million at an average price of $0.61. Reports indicate that GOAT experienced a 90% value increase during this period, earning the whale $5.5 million in profit.
Rise of Solana-Based Meme Coins
The surge in PNUT and GOAT tokens occurs alongside a broader upward trend in meme coins based on the Solana 
$171 blockchain. The Solana-based meme coin sector has gained momentum in the bull market, with tokens like ACT and PNUT reaching new peaks.
Currently, PNUT is trading at $1.85, fluctuating between a low of $1.63 and a high of $2.17 within 24 hours. It has shown a weekly gain of 2000% and a monthly increase of 3000%, with a trading volume of $2.88 billion.
Meanwhile, GOAT token is trading at $1.155, with expectations of reaching $5. In the last 24 hours, it saw a low of $0.899 and a high of $1.26, reflecting a weekly increase of 52% and a monthly rise of 300%. The daily trading volume is approximately $593.36 million.
These developments indicate a growing interest in meme coins, with traders seeking potential gains in such tokens. Solana-based meme coins continue to gain popularity as alternatives to Ethereum 
$2,651 due to lower transaction fees and faster processing times.
