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Hassan Shittu
Journalist
Hassan Shittu
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Peanut the Squirrel (PNUT), a viral meme coin, was recently featured in a Coinbase tutorial video for its new Apple Pay integration, fueling speculation of a potential Coinbase listing.
The 15-second video prominently featured the PNUT token, sparking excitement among crypto enthusiasts that it might soon be listed on a cryptocurrency exchange.
Spotlight on PNUT: Did Coinbase Just Tease Its Next Big Listing?
On December 2, Coinbase announced the full integration of Apple Pay into its Onramp app services. The integration, which requires no action from app developers, is now live for all users.
The addition is designed to streamline fiat-to-crypto conversions, making the process faster and more user-friendly.
Coinbase created the above 15-second video introducing its new product to its audience.
In the final seconds of Coinbase’s tutorial video, the iPhone screen prominently displays Peanut the Squirrel (PNUT) as the top trending token under the “spotlight” tag.
The video also reveals PNUT’s price page, featuring a glowing green chart showing upward momentum.
This subtle detail did not go unnoticed by traders on X (formerly Twitter), who quickly interpreted it as a potential hint of an upcoming Coinbase listing for PNUT.
“List Coinbase soon. PNUT $30B $50B,” one user commented.
The token’s price has surged in recent days, reflecting the growing hype.
According to data from Coinmarketcap, PNUT has risen by nearly 12% in the past 24 hours, 11.3% over the past week, and an astounding 981.41% in the past month.
The token currently has a market capitalization and a fully diluted valuation of $1.2 billion.
Apple Pay, which has over 60 million active users in the United States and more than 500 million globally as of 2023, will significantly expand accessibility for Coinbase users.
Coinbase Tease Fuels Hype: Could FRED Join PNUT in the Crypto Spotlight?
In addition to PNUT, traders noticed the inclusion of another Solana-based meme coin in the tutorial video.
This sibling token, named First Convicted Raccoon (FRED), pays tribute to Fred the raccoon, Peanut’s viral internet counterpart.
Some traders believe this could also indicate a potential Coinbase listing for FRED.
One trader wrote on social media,
“The possibility of #Fred being listed on Coinbase excites me more. If Moodeng is listed, #Fred is not a dream.”
PNUT and FRED, Solana-based meme coins, were launched in November to commemorate Peanut the Squirrel and Fred the Raccoon.
The pair gained internet fame through an Instagram account run by Mark Longo, who rescued Peanut after a car accident.
However, their story took a tragic turn when the New York City Department of Environmental Conservation confiscated the animals following anonymous complaints.
The department allegedly euthanized Peanut and Fred, sparking public outrage and criticism of government overreach. Among the critics was Elon Musk, who weighed in on the situation.
The crypto community responded by creating these meme coins as a tribute to the two iconic animals, ensuring their legacy lives on in digital form.
