Fake News: Trump is not the largest holder of Peanut the Squirrel (PNUT)
On Monday, November 11, the crypto news outlet CoinTelegraph posted on X, claiming that President-elect Donald Trump was the largest holder of the meme cryptocurrency Peanut the Squirrel (PNUT), allegedly possessing 1.7% of its total supply. BREAKING: Donald Trump becomes largest holder of $PNUT after receiving 1.7% of its supply, with price surging 300% after Binance listing announcement. pic.twitter.com/iDcEbpFTL1 — Cointelegraph (@Cointelegraph) November 11, 2024 Peanut the Squirrel did, however, experience a 300% price surge following the announcement of PNUT’s listing on Binance. #Binance will list Act I : The AI Prophecy $ACT and Peanut the Squirrel $PNUT with Seed Tag Applied. Read more https://t.co/CmJRyTaS8I pic.twitter.com/1XHISDTOY9 — Binance (@binance) November 11, 2024 However, data from Arkham Intelligence appears to refute this story. According to data on Arkham, a prominent blockchain Analysis platform, Trump does not hold any...