Peanut The Squirrel Surpasses Shiba Inu In Trading Volume: Is $1 Next?

by Khyathi Dalal Benzinga Staff Writer

Zinger Key Points

Peanut The Squirrel surged 22% in a single day, overtaking Shiba Inu in trading volume to claim the third spot among meme coins.
Speculation rises as a crypto trader predicts PNUT could hit $1, fuelled by a Coinbase listing.
Get access to your new suite of high-powered trading tools, including real-time stock ratings, insider trades, and government trading signals.

Peanut The Squirrel PNUT/USD has rebounded with a 22% single-day surge but remains down 47% on the month, with traders questioning its near-term potential.

Cryptocurrency	Price	Market Cap	24-Hour Trend	24-Hour Trading Volume
Peanut The Squirrel PNUT/USD	$0.6217	$621.6 million	+24.8%	$572.8 million
Shiba Inu SHIB/USD	$0.3519	$51.8 billion	+8.1%	$371.9 million
Dogecoin DOGE/USD	$0.00002138	$12.6 billion	+4.9%	$3.2 billion
Pepe PEPE/USD	$0.00001724	$7.3 billion	+5.3%	$874.01 million

Trader Notes: Crypto Bull expressed confidence in PNUT, predicting it's time for the meme coin to reach $1 following its Coinbase listing.

$PNUT – Trend reversal 🤝

Coinbase listing and the chart is breaking out 🔥

Time to send it to $1 and beyond 🚀 pic.twitter.com/enjjpzdBo1
— Crypto Bull 🐂 ( Until 5th Sep 2025 ) (@holdersignals) January 14, 2025

Crypto Candy suggested that PNUT is nearing its bottom, with a massive breakout on the horizon.

$PNUT almost bottom out .. Breakout gonna huge.. pic.twitter.com/v2mU4rVgtk
— Crypto Candy🔥💎 (@cryptocandy24x) January 14, 2025

Statistics: According to CryptoTalkMan, PNUT has officially surpassed Shiba Inu in trading volume, becoming the third-largest meme coin by volume—only behind Pepe PEPE/USD and Dogecoin DOGE/USD.

Community News: Coinbase Assets announced support for Peanut the Squirrel on the Solana network (SPL token).

Trading is set to begin on Jan. 14, pending liquidity conditions. However, trading will be restricted in certain jurisdictions.

The Coinbase listing has amplified community enthusiasm, as PNUT becomes more accessible to global traders. This, coupled with its recent performance, has bolstered expectations for the meme coin's growth trajectory.

Read Next: