Peanut the Squirrel /PNUT

What is PNUT the Squirrel (PNUT) Crypto?

PNUT The Squirrel Crypto is a memecoin Built on the Solana blockchain with PNUT as its Native Coin. If you have a quick look at the world of cryptocurrency then you will realize that although it is a place for innovations where every minute something new & trend comes around it, nonetheless PNUT the Squirrel (PNUT) is one of the few meme coins amongst the coins. It is a community that is changing the world by fusing the human heart and blockchain technology through a viral real-life story, and with community support driven by decentralized networks.  The crypto was launched on 1st  NOVEMBER 2024

The idea behind the coin was inspired by Peanut, an adopted squirrel, who later became a sensation on the internet. Where other meme coins are inspired by funny and trendy, funny and speculative buzz, PNUT is the first to make one out of real-world projects relating to compassion towards a small squirrel and intra-body harmony together with its holders, supporters, and good hearts toward the peaceful and kind world.

PNUT the Squirrel: The Heartwarming Tale Behind the Viral $PNUT Memecoin

Peanut the Squirrel is probably better known by her nickname, P'Nut, or even PNUT for that matter. Peanut was an Eastern grey squirrel, who rose to fame on the internet, mainly because she had a fantastic rapport with her rescuer, one Mark Longo. Mark saved Peanut from certain death in 2017 after the mother of the squirrel was killed in front of her in New York City. Though initially supposed to be released back to nature, Mark ended up keeping her when an attempt to do so left her injured.

Peanut, who had over 600,000 Instagram followers, is a memorable example of resilience and delight due to her antics and personality. She was therefore the driving force behind the establishment of the much-needed "Peanut's Freedom Farm," which is currently home to more than 300 animals. Peanut served as the farm's mascot and stood for the principles of compassion and animal care.

Unfortunately, in October 2024, Peanut's life took a turn for the worse. More specifically, NYSDEC seized Peanut and Fred, the raccoon, from Mark's home on suspicion of breaking laws that forbade the harboring of wildlife as pets. Although the streets were crowded with New Yorkers, both animals were ultimately put down when rabies tests came back negative.

Peanut's death has become the grounds for numerous petitions, outrage, and the introduction of "Peanut's Law," which was supposed to prevent the same from happening. Peanut's fame will forever be carried through the $PNUT meme coin launched on the Solana blockchain in memory of her plight to reflect and advocate for animal rights.

Peanut is now, in fact, a very worthy representation of love and advocacy and an even deeper bond between humans and animals which have changed the laws regarding wildlife protection.

Elon Musk and the PNUT Movement: A Billionaire’s Unexpected Support

Social media went up in arms when Mark Longo, owner of Peanut, released the heartbreaking details of this unfortunate incident. These comments grew into political debates with heavy hitters like Elon Musk and Donald Trump weighing in.

In common public censure of the actions of the New York State Department of Environmental Conservation on X (formerly Twitter), Musk and Trump judged it governmental overreach. Musk's clear support exploded in reach, turning Peanut into a symbol of compassion and advocacy in global proportions.

The momentum inspired the launch of PNUT, the meme coin that caught fire right after Musk embraced it, growing its market cap from $3 million to $140 million within 24 hours, with further backing from a Binance listing.

And this story has flipped from being a rescue story to being a worldwide movement, uniting millions in the animal welfare fight, while really creating a legacy of Peanut like never before.

Explaining PNUT The Squirrel(PNUT) Tokenomics and Coin History.

History

$PNUT, which came in the form of a meme coin associated with Peanut the Squirrel, was born on the Solana blockchain and took birth from a somewhat touching but tragic story about Peanut the Squirrel. Designed to capture the spirit of community and humor, $PNUT became popular as more people identified with Peanut's story.

It was introduced with a "fair release" and was meant to be a token with equitable distribution among supporters and self-imposed engagement. The adventure started on decentralized exchanges (DEXs) such as Raydium and Orca, and because of its viral story and community fervor, the coin's market valuation skyrocketed to over $120 million in a matter of days.

An important event for $PNUT was the listing on Binance, which arguably is the largest cryptocurrency exchange. In less than two days, the listing drove its market cap to just over a billion dollars; its price surged by 280% in a day and over 1,100% in a week.

PNUT Tokenomics

The total supply of $PNUT is 999,856,448 tokens, befitting a meme coin, lighthearted and approachable. Distribution was based on community engagement and didn't pre-mine or have any private sales before launch so that it could be purely open and fair.

What is PNUT coin ALL-time-HIGH and LOW?

The price of the '$PNUT Coin' has fluctuated greatly since its debut 

The price of $PNUT peaked on November 14, 2024, rising to an all-time high of $2.47.

On November 5, 2024, only a week after its debut, $PNUT hit its lowest point ever, $0.03128.