Nairobi (CoinChapter.com)— Today’s cryptocurrency market witnessed standout performances from Peanut the Squirrel (PNUT), XRP, and TRON (TRX), solidifying their positions as the day’s top crypto gainers.
PNUT Coin Explodes 91%
Peanut the Squirrel, PNUT, has surged by 202.81% in the last 24 hours, trading at $1.3, with a daily trading volume of $2.73 billion.
The catalyst behind PNUT’s rally was its Binance spot listing on Nov. 11, alongside its viral backstory tied to the late Instagram-famous squirrel. The animal’s euthanasia sparked outrage across social media, with Elon Musk and political figures leveraging the event to criticize state authorities. This narrative coincided with Donald Trump’s election victory, amplifying PNUT’s visibility.
The token has also benefitted from its association with the so-called “meme coin supercycle,” marking a 585% gain since Trump’s win. However, market experts remain cautious about sustainability, highlighting that Binance listings often signal local tops for meme coins.
Ripple (XRP): A Belated Entry to the Trump Rally
Ripple’s native token, XRP, showed a delayed but notable response to the bullish momentum ignited by Donald Trump’s U.S. presidential election victory. XRP gained 6.92% in the last 24 hours, climbing to $0.6604, according to data provided by cryptocurrency tracking service CoinMarketCap.
Earlier in the week, XRP appeared to lag behind other assets like Bitcoin and Solana, which posted stronger rallies. However, market analyst Zach Rector reported that Ripple CEO Brad Garlinghouse met with U.S. President-elect Donald Trump to discuss cryptocurrency regulations.
Rector claimed Garlinghouse indirectly confirmed the meeting by liking his earlier post on X, fueling renewed interest in XRP and contributing to its breakout during Tuesday’s session.
Ripple’s meeting with the Trump team fueled speculation about a possible end to the SEC’s appeal in the Ripple case.
TRON Breaks Barriers: Is $0.192 the Next Stop?
TRON (TRX) gained 5.28% in the past day, trading at $0.1775, with a daily trading volume of $2.37 billion, making it one of the most notable crypto gainers today.
Technically, TRX has broken above an ascending triangle formation, signaling the potential for a continued rally. The next resistance level stands at $0.18, and a breakout could push the price toward $0.192.
Since August, TRX inflow volumes have steadily risen, peaking in mid-August alongside price gains. After stabilizing in Sept. and Oct., volumes surged 88.33% over the past week and 9.56% in the last 24 hours, according to IntoTheBlock. This momentum could push TRX beyond its current range toward its 2018 all-time highs.
Additionally, TRX funding rates indicate heightened bullish sentiment. Coinglass data shows a shift toward positive funding rates, now at 0.04%, the highest since August.
PNUT, XRP, and TRX emerged as today’s top crypto gainers, each driven by distinct catalysts and bullish momentum.
