PNUT is a Solana memecoin that emerged from one of 2024’s most viral and politically charged moments in the US: the government seizure and euthanization of “Peanut the Squirrel” — a pet squirrel raised by a New York man that state authorities declared a public health risk. The story went massively viral on October 30, 2024, with Elon Musk and other prominent figures tweeting outrage. Within hours, the PNUT token launched on pump.fun and skyrocketed thousands of percent within days, reaching a market cap of over $2 billion. PNUT became a symbol of “government overreach” sentiment and was one of the best-performing memecoins of the 2024 election cycle — capturing both the cultural moment and the political sentiment driving memecoin markets at the time.
| Stat | Value |
|---|---|
| Ticker | PNUT |
| Price | $0.06 |
| Market Cap | $56.55M |
| 24h Change | +27.0% |
| Circulating Supply | 999.84M PNUT |
| Max Supply | 1.00B PNUT |
| All-Time High | $2.44 |
| Contract (Solana) | 2qEHjD...pump |
How It Works
PNUT is a standard SPL token on Solana with fixed supply, no team allocation, and no utility:
Supply: 1,000,000,000 PNUT (1 billion)
Launch: Pump.fun fair launch — no presale, no team tokens
Network: Solana (fast transactions, near-zero fees)
Listing: Rapidly listed on Binance, OKX, Bybit, and major CEXes within days of launch
PNUT’s value derives entirely from meme virality, cultural relevance, and the Solana memecoin trading environment. The pump.fun launch model ensures no insider allocation, which has become a virtue signal for memecoin communities.
Use Cases
- Speculation — Riding viral news cycles
- Cultural expression — “Anti-government overreach” sentiment token
- Solana memecoin ecosystem — Part of the 2024 Solana memecoin supercycle
History
- Early 2024 — Mark Longo raises Peanut the Squirrel from infancy; the squirrel becomes an internet celebrity with millions of followers
- Oct 30, 2024 — New York DEC seizes Peanut citing no permit for a wild animal; Peanut euthanized; Mark Longo livestreams the seizure outcome; story explodes on social media
- Oct 30–31, 2024 — PNUT token launches on pump.fun; Elon Musk tweets about the story multiple times; token surges from zero to $200M+ market cap in 48 hours
- Nov 2024 — PNUT lists on Binance, OKX, and other major exchanges; peaks above $2B market cap; becomes top-20 crypto by market cap briefly
- Late 2024 — Price retraces from ATH but maintains significant market cap as a top memecoin
Common Misconceptions
“PNUT has utility beyond memes.” PNUT has no utility, no roadmap, and no team. It is a pure memecoin. Its value is 100% driven by cultural relevance and market sentiment.
“Governments or centralized entities control PNUT.” Despite the anti-government narrative, PNUT itself is permissionless and decentralized — launched via pump.fun, held by thousands of anonymous wallets, traded on DEXes and CEXes globally.