PnutPrice

(PNUT)

PNUT is a meme coin launched on the Solana blockchain, inspired by the viral story of "Peanut," a pet squirrel euthanized by New York state authorities in late 2024. Beyond being a digital asset, the token serves as a tribute to the animal and a symbolic protest against perceived government overreach. It has quickly become a cultural phenomenon within the crypto space, representing a movement centered on individual rights and animal welfare.

No, the PNUT token is not an official project by Mark Longo, Peanut's owner. While Longo is aware of the token’s existence and the massive community support it has garnered, the project was launched anonymously via decentralized platforms. It is primarily a community-driven initiative where enthusiasts and supporters manage its narrative and growth rather than a centralized team led by the original owner.

The project’s visibility skyrocketed due to two main catalysts. First, high-profile figures like Elon Musk shared several posts regarding the squirrel and government overreach, which the community viewed as a significant endorsement. Second, the token's rapid listing on major global cryptocurrency exchanges, such as LBank, provided the necessary liquidity and accessibility for a broad range of global investors to participate in the movement.

Currently, PNUT is classified as a pure meme coin, meaning it does not possess technical utility such as native staking, governance rights, or integrated decentralized applications. Its value is derived from social sentiment, community engagement, and its status as a cultural asset. While there is no official team-led roadmap, the community frequently discusses potential future developments, including charitable partnerships for animal rights or potential integration into Web3 gaming environments.

PNUT is frequently grouped within the PolitiFi (Political Finance) sector because its origin story coincided with major political events. The incident involving the squirrel was used by various political figures to critique government regulations and administrative actions. Consequently, the token is often associated with other politically themed assets as it serves as a decentralized medium for expressing political and social dissent.

Investors can trade PNUT on major centralized exchanges like LBank, as well as various decentralized platforms on the Solana network. To ensure safety and avoid scams, users should always verify the official contract address (CA) before trading. The verified contract address for the Solana-based PNUT token is: 2qEHj6n2WUd2XstS9Tkkmdf5M08p9kI7GvY79Rpump. Additionally, the token typically features a 0% buy and sell tax, facilitating easier trading for the community.