Peanut ($PNUT) is a squirrel-themed meme coin project built on the Solana network. The meme coin was developed to honor Peanut the Squirrel, a viral squirrel that the New York State Department of Environmental Conservation seized from its seven-year owner, Mark Longo, and humanely killed. Describing itself as the people’s pet and the people’s peanut, $PEANUT seeks to uphold the squirrel’s legacy and support animals globally.
With a total supply of 1 billion tokens, $PNUT blends humor and creativity with blockchain technology, creating a unique user experience. A key feature of $PNUT is its lively and active community. The meme coin project touts itself as a movement for freedom, decentralization, and a fight against government overreach and injustice. Community members have resonated with this goal, stacking up big bags of the meme token. Today, the squirrel-themed project has amassed thousands of followers on its social media handles.
This is evidenced in the token’s market capitalization, which is currently above $618.8 million, ranking it among the top 20 meme coins. Today, $PNUT is tradeable on crypto exchanges like Binance, KuCoin, and OKX.
This is a (daily) in-depth analysis by Memecoin Season about the most promising and/or successful meme coin projects within the dynamic blockchain space. We first share this report with our invite-only community of investors and enthusiasts to study and potentially consider for their investment strategies. Then, the next day, we publish it for the general public. While we thoroughly pick and analyze strong contenders in the meme coin space, remember that we do not give here any investment advice. Always consider your own goals and analyze the risks inherent to meme coins before investing.