Peanut Coin (PNUT) is a unique memecoin on the Solana blockchain. It was launched on November 2, 2024, as a tribute to Peanut, a famous pet squirrel with a tragic story.
Description
Here's how it works:
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Tribute to Peanut: PNUT honors Peanut, an orphaned squirrel turned social media star. His death in a controversial government raid sparked outrage, making him a symbol of freedom and animal rights.
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Built on Solana: The coin uses Solana, known for low fees and fast transactions. This makes trading PNUT easy and affordable for users.
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Viral Popularity: Social media and big names like Elon Musk and Joe Rogan boosted PNUT. Their attention helped it go viral, blending humor and advocacy.
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Skyrocketing Value: After its Binance listing, PNUT's value surged. It reached a $2 billion market cap, showing how stories can drive market interest.
In summary, Peanut Coin mixes emotion, advocacy, and tech to create a unique memecoin. While some see it as a bubble, its story-driven success proves the power of community and purpose in crypto.