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In the midst of fluctuations in BTC prices, many altcoins have suffered significant losses. However, there are notable exceptions. Recent tweets from Elon Musk, who has carved a niche for himself with D.O.G.E. under Trump’s cabinet, have been impactful on prices.
The Rise of PNUT Coin
During the U.S. elections, a squirrel that was forcibly taken from its owner and later died under suspicious circumstances became a hot topic. During this time, PNUT Coin gained popularity, as its association with the incident positioned it as a prospect for potential gains following Trump’s victory. The coin captured significant attention throughout the election period and surged to record levels.
Currently, following a spike in price triggered by Musk’s references to peanuts and PNUT Coin, it is striving to maintain its gains. The coin saw a remarkable rise of up to 16% fueled by Musk’s influence, coinciding with BTC nearing the $95,000 mark. Despite this, the popular meme coin has achieved significant profits.
Future Implications of Musk’s Influence
In the coming days, if Elon Musk continues to make references related to PNUT, the coin may experience a trajectory similar to Dogecoin 
$0.23873 in 2021. At the time of writing, BTC was priced at $95,500.
