Peanut the Squirrel

Peanut the Squirrel (PNUT) is a meme coin on the Solana blockchain, inspired by a rescued squirrel named Peanut. The token gained attention following Peanut’s controversial euthanization by the New York State Department of Environmental Conservation. PNUT has been listed on exchanges such as KuCoin and Poloniex.

Background

Peanut was a rescued squirrel who became an internet sensation, amassing over a million followers on platforms like TikTok and Instagram. He resided at P’Nut’s Family Freedom Farm Animal Sanctuary, a nonprofit shelter founded by Mark Longo to care for neglected and homeless animals. In 2024, Peanut was seized and euthanized by the New York State Department of Environmental Conservation, sparking widespread outrage and leading to the creation of the PNUT token.

Token Details

PNUT is a meme coin operating on the Solana blockchain. It has a total supply of 1,000,000,000 tokens. The contract address has been renounced, and the liquidity pool tokens have been burned, indicating that the developers no longer have control over the contract and that the liquidity is locked. The token operates with zero transaction taxes.

Exchange Listings

Following its launch, PNUT was listed on several cryptocurrency exchanges:

KuCoin: Trading began on November 11, 2024, with the PNUT/USDT pair.
Poloniex: Deposits opened on November 4, 2024, with trading commencing shortly thereafter.

These listings contributed to a significant increase in the token’s market capitalization and trading volume.

Market Performance

As of December 5, 2024, PNUT is trading at approximately $1.10 USD, with a 24-hour trading volume nearing $900 million. The token’s market capitalization is approximately $1.1 billion, placing it within the top 100 cryptocurrencies by market cap.

Acquisition Process

To acquire PNUT tokens, users can follow these steps:

Install a Solana-Compatible Wallet: Download a wallet such as Phantom from the official website or browser extension store.
Obtain Solana (SOL): Purchase SOL directly within the wallet, transfer from another wallet, or buy on an exchange and send it to the wallet.
Access a Decentralized Exchange: Navigate to platforms like Raydium.io or Jup.ag to swap SOL for PNUT.
Execute the Swap: Paste the PNUT token address into the exchange interface and swap SOL for PNUT.

This process allows users to acquire PNUT tokens seamlessly.