In his post, Musk stated: “They arrested (and killed) Peanut, but didn’t charge anyone on the Epstein client list. The state is already broken.” This sharp comment not only delivered a strong political message but also brought PNUT coin back into the spotlight. 

They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list.

Government is deeply broken. pic.twitter.com/YndRadQUBE

— Elon Musk (@elonmusk) July 8, 2025

Previously, Peanut coin had also seen sharp spikes due to Musk’s influence. Launched in October, PNUT reached a market cap of $120 million shortly after Musk’s earlier post. Investors made significant profits during this brief rally. 

Which Coins Did Musk’s Posts Skyrocket Before? 

Elon Musk’s influence on social media has frequently triggered sudden price movements in the crypto market. Projects like Dogecoin (DOGE), Floki Inu (FLOKI), and Grok (GROK) have soared with a single Musk tweet. 

For instance, in 2021, Dogecoin surged over 500% following his “Doge Barking at the Moon” post. Similarly, Floki Inu skyrocketed within days after Musk revealed his dog’s name was Floki. 

These examples clearly demonstrate how Musk’s online influence leads to rapid pricing shifts in the crypto space. 

Whale Activity and Past Volatility in PNUT Coin 

Historical price trends of PNUT show that investor behavior is often driven by Musk’s influence. According to Lookonchain data, a whale spent around 5,100 SOL to purchase 8.99 million PNUT tokens — a transaction worth $831,000. This major buy, along with Musk’s post, helped PNUT exceed a $120 million market cap in October 2024. 

However, as profit-taking continued, the market cap dropped from nearly $120 million to $58.6 million. According to CoinMarketCap, PNUT’s current market cap stands at approximately $227 million. 

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The post Elon Musk Posted, Market Shifted: Which Coin Was Affected?  appeared first on Coin Engineer.

Bitcoin Hits All-Time High, Institutional Demand Surges 

According to Binance Research, the crypto market grew by 10.3% in May. This growth was driven by Bitcoin (BTC) reaching a new all-time high (ATH) and strong capital inflows into ETFs. Although Ethereum (ETH) lagged in this bull run, it still gained 43.9% in May, continuing its upward trend from April. 

Meanwhile, increasing tariff tensions between the U.S., China, the European Union, and the United Kingdom caused uncertainty in the markets. Although tariffs were temporarily halted by a court ruling, the U.S. government later reinstated them. 

Despite ongoing macroeconomic uncertainty, institutional interest in Bitcoin accelerated. Companies began to view BTC as a long-term store of value. In total, 116 publicly traded companies hold 809,100 BTC in their treasuries. With increasing regulatory clarity, more companies have announced plans to purchase Bitcoin. Some firms diversified their holdings into assets such as ETH, XRP, and Solana (SOL). 

Binance Research stated: 

“The direction of institutional crypto assets will depend on macro conditions, regulatory developments, and market cycles. However, current momentum is strong. Bitwise projects that institutional treasuries could reach 1 million BTC by 2026.” 

DeFi Rises by 19%, Gaming Sector Lags Behind 

In May, the crypto sectors experienced capital rotation and structural divergence. The DeFi sector grew by 19%, fueled by new product launches and yield opportunities. Meme coins rose by 9.3%, AI-themed tokens gained 4.7%, and real-world assets (RWA) increased by 3.6%. However, the gaming sector and Layer-2 solutions showed weak performance. 

On the other hand, U.S. spot Bitcoin ETFs saw at least $5.2 billion in inflows—marking the highest level since November 2024. Toward the end of the month, rising uncertainty and profit-taking led to approximately $962 million in outflows. 

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The post Binance Crypto Report: DeFi, BTC, and ETFs Take the Spotlight  appeared first on Coin Engineer.