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One Solana ( SOL )-based memecoin is going parabolic after top US crypto exchange Coinbase added the digital asset to its listing roadmap. Coinbase announced adding Peanut the Squirrel ( PNUT ) to the roadmap, triggering a more than 31% gain Wednesday. PNUT is trading for $1.34 at time of writing. With a market cap of $1.3 billion, the memecoin is the 111th largest crypto project. Coinbase uses the listing roadmap for transparency and to prevent insider trading on coins prior to them being listed. Being placed on the listing roadmap means the firm has determined the asset will likely be available for trading in the future. PNUT is just one of several memecoins Coinbase has to its platform for trading in recent weeks. Others include Gigachad ( GIGA ), a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, Turbo ( TURBO ), a GPT-4 inspired memecoin, MOG Coin ( MOG ), a memecoin available on both the Ethereum ( ETH ) and Base blockchains, and Moo Deng ( MOODENG ), a Solana-based memecoin. Last month, the world’s top exchange Binance listed PNUT for trading and the memecoin surged by more than 320%. PNUT is inspired by the squirrel rescued by a New York family named Peanut. The squirrel became popular on the family’s TikTok videos and Instagram, but New York wildlife officials seized the animal based on state laws that prohibit keeping squirrels as pets. The squirrel was euthanized on October 30th, which became a viral incident. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Jorm S The post Solana-Based Peanut the Squirrel (PNUT) Soars After Coinbase Adds Memecoin to Listing Roadmap appeared first on The Daily Hodl .
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Bitcoin Bursts Back Above $101,000 As Ripple’s XRP, Dogecoin, And Cardano Stage Incredible Comeback
Bitcoin, the world’s oldest and largest cryptocurrency, rose back above the $101,000 level on Wednesday, clawing back most of its losses after a bruising sell-off earlier this week. BTC is currently trading for $101,301 after reaching an intraday high of $101,425, according to CoinGecko data. The asset’s market capitalization is now striving to reach the $2 trillion mark once again. Bitcoin surged came as fresh November CPI data released on Wednesday showed consumer prices rose as expected, keeping the United States Federal Reserve on track for another rate cut next month. In the altcoin market, XRP, the fourth-largest crypto by market cap, is enjoying the most gains: its price has been up by 18.4% over the last 24 hours, and it’s now trading for $2.43. The token rebounded after Ripple CEO Brad Garlinghouse announced Tuesday that the firm’s RLUSD stablecoin is launching soon after receiving New York regulatory approval. Elsewhere, Elon Musk’s favorite crypto, Dogecoin (DOGE), has jumped 7.3%, trading for around $0.4114. Meanwhile, Solana’s SOL is up more than 7.8% on the day at a current price of $228.76, while Cardano has spiked 12.4% to $1.08. BTC Price Shrugs Off Microsoft Snub Bitcoin had dipped below $95,000 on Tuesday, triggering a cascade of liquidations of long and short positions. The market correction came after news that software giant Microsoft had voted down a proposal to adopt a corporate BTC treasury. Crypto commentators slammed the decision as myopic. Michael Saylor, Executive Chairman of Bitcoin Development Company, who pitched a Bitcoin adoption strategy to Microsoft’s board of directors earlier this month, wrote in an X post: “In 5 years, they’ll understand. Everyone buys Bitcoin at the price they deserve. #BTC doesn’t wait. It simply transfers wealth to those who see.” Saylor came up with the idea of buying Bitcoin in 2020 to get the best return for shareholders during the COVID-19 pandemic. MicroStrategy now holds a total of 423,650 BTC — or around 2% of Bitcoin’s total supply — after its latest purchase. MicroStrategy’s multibillion-dollar Bitcoin gamble has paid off spectacularly. As of Dec. 11, the software intelligence company’s Bitcoin treasury is worth over $42 billion, accruing unrealized profits of around $16 billion. Suffice it to say that purchasing $42B worth of BTC was a no-brainer for Saylor. He believes the OG crypto will hit $13 million per coin by 2045 and considers $3 million a “bear case. The Daily Hodl
Riot Platforms completes $525M offering to buy Bitcoin
Riot completes a $525M offering to bolster Bitcoin acquisitions and operations, holding 12,000 Bitcoin, valued at $1.2B. The post Riot Platforms completes $525M offering to buy Bitcoin appeared first on Crypto Briefing . The Daily Hodl
