A recent study by CoinGecko revealed that $PNUT is the fastest animal-themed memecoin to achieve a $1 billion market cap, reaching the milestone in just 11 days.
This feat outpaces its rivals $PEPE and $BRETT, which took 19 and 28 days, respectively, to hit the same mark.
$PNUT: The Squirrel That Soared
Built on Solana, $PNUT draws inspiration from a quirky mascot and the tragic story of a real-life squirrel. The memecoin skyrocketed to success thanks to Elon Musk’s endorsement on X and a Binance listing. These factors propelled $PNUT to a $1B market cap in record time, solidifying its status in the memecoin market.
$PEPE: A Social Media Sensation
Ranking second, $PEPE is an Ethereum-based memecoin modeled after Matt Furie’s iconic cartoon character. Launched in early 2023, $PEPE reached the $1 billion mark within 19 days, driven by viral social media campaigns and listings on major exchanges. Its connection to Furie’s popular creation helped it gain rapid traction.
$BRETT: Riding Base’s Popularity
Taking third place, $BRETT is a memecoin launched on the Base blockchain in May 2024. Also inspired by Matt Furie’s *Boys’ Club* comics, $BRETT reached a $1 billion market cap in 28 days. The memecoin’s success was boosted by the growing popularity of the Base network during its launch period.
Which animal memecoin was the fastest to reach a $1B market cap?
Our study shows that $PNUT became the fastest animal memecoin to achieve a $1B market cap, doing so in just 11 days, followed by $PEPE (19 days) and $BRETT (28 days).
Read the full study:… pic.twitter.com/nfUApRLI2m
— CoinGecko (@coingecko) December 7, 2024
These milestones highlight the growing influence of animal-themed memecoins in the crypto market. Whether fueled by celebrity endorsements, viral marketing, or blockchain innovation, memecoins like $PNUT, $PEPE, and $BRETT are redefining how quickly tokens can capture the market’s attention and reach astronomical valuations.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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