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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Nov 18, 2024 09:26 UTC
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Peanut the Squirrel’s Tragic Story Drives $1.9B PNUT Coin Surge
A tragic incident involving a beloved pet squirrel sparked a massive online movement and led to the creation of the PNUT token.
The outpouring of grief and anger over the squirrel's death fueled a massive social media campaign.
The PNUT token's rapid rise in value and popularity showcases the power of community-driven initiatives in the crypto space.
What started as a tragic loss quickly transformed into one of the most unexpected crypto stories of the year. Peanu the Squirrel, a beloved pet with a massive online following, became the face of a meme coin that soared to a staggering $1.9 billion market cap in just days.
How did such a massive change happen? It’s all a beautiful blend of community, emotion, and a story that captures hearts and wallets.
The Viral Story of Peanut
Peanut was more than just a pet—she became a symbol of justice. Her sudden death, which many called a “murder,” shocked the internet and sparked widespread outrage. The hashtag #JusticeForPeanut quickly spread across social media, rallying people to demand answers.
Things took an even bigger turn when high-profile figures like Elon Musk and Donald Trump voiced their support for the cause. Their involvement turned the incident into a national discussion, just days before the U.S. elections, and brought even more attention to Peanut’s tragic story.
The Creation of PNUT: A Coin for Justice
In response to the public outcry, the PNUT token was created in Peanut’s memory. It was launched on November 12, 2024, and quickly gained momentum after being listed on the HTX exchange. In just 48 hours, trading volume surged to over $230 million, and the price jumped more than 2,900%, reaching a high of $1.91.
The coin’s market value skyrocketed to $1.9 billion, placing it among the top 60 cryptocurrencies.
PNUT’s Rapid Rise
PNUT launched in early November 2024 on the Solana blockchain and saw massive growth in just a few weeks. It was listed on major crypto exchanges like HTX, Bitgert, OKX, and Bybit.
What’s more interesting is the backing PNUT has received from large whales. One whale alone holds a massive 27 million tokens, worth around $51 million.
Adding to the excitement, Elon Musk’s tweets have famously shaken crypto markets, and PNUT was no exception. Musk’s support brought even more attention to the coin, similar to the impact he had on Dogecoin.
What began as a heartbreaking tragedy has now become a testament to the unexpected ways in which the digital world can turn pain into power.
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