Musk’s Epstein Meme Sends Solana’s PNUT Token Soaring Over 10%

Once again, Elon Musk has shaken up the crypto markets—this time with a viral meme criticizing the justice system’s inaction regarding Jeffrey Epstein’s client list. Although he didn’t directly mention any token, traders quickly connected the dots: Solana-based meme coin PNUT surged over 10% in just 24 hours.

“They arrested Peanut but not Epstein’s clients” — PNUT Spikes In a Tuesday post on X, Musk shared a meme suggesting that more animals than Epstein-linked individuals had been arrested. He wrote: “They arrested (and killed) Peanut, but didn’t even try to charge anyone from Epstein’s client list. The government is profoundly broken.” Though Musk referenced a fictional squirrel named Peanut for satire, crypto traders interpreted the post as a wink toward the Solana meme coin PNUT. Within hours, the token’s price jumped to $0.2357, up more than 10% in a single day.

Its trading volume surged 80%, topping $214 million, with a market cap of $223 million.

Musk Has a History of Moving Meme Coins This is far from the first time Musk’s posts have sent crypto assets soaring: 🔹 Floki Inu (ETH) jumped 418% after Musk posted a photo of his dog “Floki” in 2023.

🔹 Dogecoin surged over 20% in 2021 following his tweet: “Dogefather SNL May 8.”

🔹 The meme coin Kekius Maximus skyrocketed 900% when Musk briefly changed his X handle to “Kekius Maximus” and used a profile pic of Pepe the Frog in Roman armor.

🔹 In January 2021, Musk added #bitcoin to his X profile. Shortly after, Bitcoin’s price rose from $32,000 to $38,000, adding over $111 billion in market cap. Clearly, even Musk’s humorous or satirical posts can spark major moves in crypto.

Musk Launches the ‘American Party’ Beyond memes and markets, Musk is making political waves. Following a public clash with Donald Trump over the “Big Beautiful Bill,” he unveiled plans to create a new political movement: the American Party. Billed as tech-forward, fiscally responsible, eco-conscious, and politically centrist, the party aims to appeal to both Democrats and Republicans disillusioned with the two-party system. Experts, however, caution that building a viable third party in the U.S. requires massive funding, state-level networks, and long-term dedication. Still, former Republican Congressman David Jolly believes Musk might just pull it off.

“The biggest challenge is having resources—and Musk clearly has them,” said Jolly.

#ElonMusk , #Pnut , #solana , #memecoin , #CryptoMarket

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