PNUT/USD (-11.03%)
PNUT the Squirrel is a memecoin born out of the need to protect the rights of animals. It runs on the Solana network with about 1 billion tokens in circulation. The owners have renounced the code. So, there are no more coins that can be produced. This token is actively listed on several crypto exchanges like Gete.io, OKX, Kucoin, and Binance. Additionally, there are no taxes charged on users who swap the Solana token to PNUT. The idea of protecting the rights of animals has been the biggest mover for the coin's reputation and is expected to gain more followers soon.
A Bit About Peanut the Squirrel
Peanut the Squirrel (PNUT) can be described as a memecoin with a focus on human rights. Although the names behind the projects are not publicly disclosed, the coin was created by a group of developers who wanted to ingrain the animal rights movement into a crypto project. It was inspired by past meme trends that gave rise to big coins like Shiba Inu and Dogecoin.
PNUT token stands for freedom, equal rights, and fun. It also advocates for affordability, ease of use, and healthy social interactions. These three have been achieved by launching on the Solana blockchain, receiving support via an active online community, and being listed on several crypto exchanges across the internet.
Pour out some liqor for the little squirrel and get in on the hottest meme coin!CryptoLists.com
Peanut the Squirrel is a memecoin project that runs on the Solana blockchain. Solana supports the launching of different coins on its network as well as DeFi programs. PNUT uses Solana’s security features and enjoys both high-speed transfers and low costs. Besides, you can swap your Sol tokens into PNUT without paying any taxes or other costs.
The Solana blockchain uses Proof of History mechanisms when validating transactions. This security feature adds timestamps to each transaction on PNUT to prevent double-spending. There is also a network of decentralized validators that process transactions. These validators have a stake in the network to act in the best interests of the blockchain.
Utility of Peanut the Squirrel?
As of now, PNUT is just a memecoin. It is used by the members of the community as a way of interacting and buying and selling goods and services within the ecosystem. Holders trade with the coin on different cryptocurrency exchanges where it is listed to earn from the increase in prices. However, we expect the coin to grow into other uses in the future due to its advantages like cheap transaction costs, no tax swaps with Solana, and the ability to be used on DeFi programs on Solana.
Holders of the coin already have several benefits. First, they can trade with PNUT on the Peanut the Squirrel network with ease and at low costs. Second, they can swap the coin with a Solana coin with no charges. Third, this coin has been appreciating over some time, and holders will earn more from their existing coins. If in the future new utilities like staking or DeFi products come up that accept the coin, the users will transact with it with ease.
Peanut the Squirrel Price details
SOL Contract address: 2qEHjDLDLbuBgRYvsxhc5D6uDWAivNFZGan56P1tpump›› Details & Tokenomics
›› PNUT tokenomics and social media
Advantages of Peanut the Squirrel
+ Holders enjoy low transaction fees on Solana+ Very fast rising coin due to political events and internet meme culture
+ PNUT is listed on major crypto exchanges for easy access
+ The coin provides an affordable entry point for new users
+ PNUT has strong community support and fan engagement
Disadvantages
- The growth of this token is highly influenced by movements on social media- PNUT still receives competition from other well-established meme coins like Shiba Inu
- There are no staking rewards that holders get with this token
- Price volatility is expected as has been with other meme coins
- PNUT has limited use cases beyond trading on crypto exchanges
Costs
▪ Rated at 9.5/10PNUT enjoys low transaction costs on the Solana blockchain, which are usually less than a cent in most transactions. Since Solana facilitates seamless exchange of coins, you do not incur extra costs for transferring your coins into and from Solana. Launching it on Solana gave PNUT cost advantages over similar meme coins on Ethereum and other larger blockchains.
The exact fee you pay will remain low, but may vary depending on the crypto exchange that you are transacting from. Solana has not had issues with network congestion. So, there is no likelihood that the cost of the transaction will be going up any time soon.
Reputation and Buzz
▪ Reputation rated at 7.5/10▪ Buzz rated at 10/10
PNUT has enjoyed huge airplay since the story of Peanut the Squirrel was aired on social media networks. The idea of rescuing and saving the animals grew a following of over 600,000 members, many of whom were ready to jump on board when PNUT was announced. The conversation was so big that it pulled heavyweights like Elon Musk and President Donald Trump in support of the movement. Today, members of the community share graphics and messages of goodwill on Reddit, Twitter, and Facebook, adding to the publicity.
Consequently, the buzz has led to a rapid price increase on the memecoin. It's launching on the Solana blockchain has given it more authenticity and increased trust among users.
FAQ
Can you stake your PNUT coin?
No, at the moment, PNUT is not available for staking. Keep checking the internet to know when such opportunities may appear and evaluate them. Such pools may give users passive income if they align with users’ financial goals.
Can I use fiat currency to purchase PNUT?
Most platforms require users to trade other cryptocurrencies for PNUT. Fiat purchases are not widely supported. However, you can always buy other cryptocurrencies using fiat money, as many exchanges accept cards and bank transfers. If you exchange the Sol token with PNUT, you won’t be charged any commission.
What blockchain is PNUT based on?
PNUT is built on the Solana blockchain. Users enjoy low transaction costs, fast processing times, and high-level security on this blockchain.
History of Peanut the Squirrel
December 2017 - Peanut the Squirrel was found injured and rescued by Mark Longo who took care of it and shared information on his social media handles.
October 2024 - The New York State Department of Environmental Conservation seized the squirrel and euthanized it since it was suspected to have rabies.
October 2024 – A meme coin project is started on Solana in honor of the euthanized squirrel, and a community grows championing the rights of such animals.
November 2024 – PNUT is launched on the Solana blockchain.
November 2024 – Peanut the Squirrel is launched on CoinW Exchange, Binance, and other crypto exchanges. Users can join its bounty program to share the 5,000 USDT rewards on the exchange.
Screenshots from Peanut the Squirrel
More sites where to buy/sell/trade Peanut the Squirrel
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
