Coinbase has announced its support for the Peanut the Squirrel meme coin.

The exchange said that trading support for Peanut the Squirrel (Girls(Symbol on Solana)Sol) The network will go live on January 14, 2025, at 9:00 AM PT if liquidity conditions permit.

“Once sufficient supply of this asset is established, trading on the PNUT-USD trading pair will be launched in phases. PNUT support may be restricted in some supported jurisdictions,” Coinbase said. books.

Meme token transfers are now available on both Coinbase and Coinbase Exchange, with access depending on regional trading support.

PNUT's listing on the US-based exchange comes about a month after Coinbase He added To the roadmap for inclusion. Exchange Hint On the menu in early December.

The Peanut the Squirrel meme came into the spotlight in November 2024, after a Controversial murder Of pet squirrel. The incident sparked outrage and disbelief, quickly leading to the meme, which created a storm on Twitter. PNUT reached an all-time high of $2.47 on November 14.

However, the token has seen a significant decline amid the recent downturn in the broader cryptocurrency market. On January 13, 2025, PNUT fell to lows of $0.46 as Bitcoin revisited the $90,000 level and Ethereum fell below $3,000 amid increasing selling pressure.

PNUT, which has lost 79% of its value since its all-time high, is down 13% over the past 24 hours and 30% over the past month. The meme coin traded at around $0.51 following the Coinbase announcement.