Memecoin Peanut The Squirrel (PNUT): Everything You Need to Know

Bittime - Peanut The Squirrel became popular after surged more than 800% within days of its launch. PNUT itself was created from the tragic story of a squirrel which attracted a lot of sympathy.

PNUT actually attracts investors because of its uniqueness and long-term potential. So, what exactly is PNUT and what caused its soaring popularity? Listen here!

What is PNUT?

Peanut the Squirrel (PNUT) is an internet phenomenon that has spread to the crypto world. Peanut the Squirrel (PNUT) is a new memecoin based on Solana.

This token is a memecoin inspired by the tragic story of a pet squirrel named Peanut. This story went viral on social media and sparked public sympathy and anger.

This token aims to leverage community support and meme trends in the crypto world to achieve high market value. 

With a wide fan base, PNUT is gaining attention not only as a potential investment but also as a symbol of the crypto community.

Read also: Alasan Peanut the Squirrel (PNUT) dan Act I : The AI Prophecy (ACT) Viral dan Trending

History of Peanut the Squirrel

Peanut the Squirrel is a pet squirrel who has become famous on social media platforms such as TikTok and Instagram. 

His story begins when he was rescued by his owner, Mark Longo, after an accident. Longo takes care of Peanut and shares cute and adorable moments of the squirrel on social media.

However, the story took a tragic turn when the New York State Department of Environmental Conservation seized and euthanized Peanut. This decision sparked controversy and public anger, especially among Peanut fans.

The Birth of the Popularity of the PNUT Token

As a form of solidarity and respect for Peanut, the internet community created the PNUT crypto token. The token was launched in November 2024 and quickly caught the attention of crypto enthusiasts.

One of the factors that contributed to the increase in PNUT prices was a tweet from Elon Musk. In the tweet, Musk uploaded an AI image featuring a squirrel with the name "PNUT". 

While not directly promoting the PNUT token, this tweet has sparked interest and speculation among investors.

Price Token PNUT

Since its launch, the price of PNUT has soared by 800% in a week, attracting huge interest from traders. 

Currently, the market capitalization of this token continues to grow rapidly, making it one of the best performing memecoins on the Solana blockchain. 

Will this news affect Solana conversion today? Continue to monitor price movements via the Bittime market.

With high price volatility, PNUT continues to attract speculation, although traders are advised to exercise caution given the potential for large fluctuations in the token price.

This rapid growth is a bit much caused by the following things:

Virality of the Peanut Story: Peanut's tragic story captured the attention of millions of people around the world, raising awareness about the PNUT token.

Community Support: A large and active crypto community supports the PNUT token, driving demand and price.

Listing on Leading Exchanges: PNUT tokens have been listed on several leading exchanges, increasing liquidity and accessibility.

Conclusion

The PNUT token is an interesting example of how a viral story on the internet can impact the crypto world. 

The token may continue to attract attention for its emotional impact and unique connection to figures like Elon Musk, providing both opportunities and risks for those jumping into the memecoin trend.

While this token has potential, it is important to remember that the crypto market is highly volatile. Before investing, always conduct in-depth research and consider the risks involved.

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Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.