Peanut the Squirrel (PNUT) is a memecoin operating on the Solana blockchain, created in memory of a squirrel named Peanut whose euthanasia by the New York State Department of Environmental Conservation (NYSDEC) sparked public outcry. The cryptocurrency aims to honor Peanut's legacy and advocate for individual freedoms and pet rights.

Overview

Peanut the Squirrel (PNUT) is a decentralized digital asset built on the Solana blockchain, categorized as a memecoin. Its creation was inspired by the story of a squirrel named Peanut, who gained online popularity before his death. The project positions itself as a symbol of second chances and hope, aiming to inspire action and compassion in response to perceived governmental overreach regarding pet ownership. The token is designed with zero transaction taxes and its liquidity pool (LP) has been burned, indicating a commitment to decentralization and security ^[1].

History

The inspiration for the PNUT token originated from the story of a squirrel named Peanut. For seven years, Peanut was a popular online sensation, known for his innocent and playful nature, featured in numerous videos. He resided at P’Nut’s Family Freedom Farm. However, Peanut was reportedly taken from his home by the NYSDEC and subsequently euthanized. This event led to significant public outrage and a demand for reform, particularly concerning government intervention in private pet ownership, and became a topic of discussion during a presidential election.

Following Peanut's death, the PNUT cryptocurrency was launched to commemorate his life and serve as a symbol for the fight for freedoms. The project's official X (formerly Twitter) account was established in August 2024, further promoting Peanut's memory and the associated cause. The token experienced its all-time low price in early November 2024, shortly before reaching its all-time high later that same month, indicating rapid market activity following its launch. ^{[2] [3]}

Technology

PNUT is deployed on the Solana blockchain, a high-performance network known for its speed and low transaction costs. As a token on Solana, it benefits from the network's scalability and efficiency, making transactions quick and affordable for users.

To acquire PNUT tokens, users typically follow a multi-step process:

• Wallet Setup: Users first download a Solana-compatible cryptocurrency wallet, such as Phantom, which is available as a mobile application or a browser extension.
• Acquire Solana (SOL): Solana's native cryptocurrency, SOL, is required to facilitate transactions on the network. Users can purchase SOL directly through their wallet, transfer it from another wallet, or buy it on a centralized exchange and send it to their Solana wallet.
• Swap SOL for PNUT: Once SOL is acquired, users can connect their wallet to a decentralized exchange (DEX) on Solana, such as Raydium or Jupiter. They then paste the PNUT token address into the DEX interface and swap their SOL for PNUT. The project emphasizes that there are zero taxes on these transactions. ^{[2] [3] [1]}

Tokenomics

The tokenomics of Peanut the Squirrel (PNUT) are designed with a fixed supply and a focus on community-driven distribution.

• Token Symbol: PNUT.
• Network: Solana.
• Total Supply: The maximum supply of PNUT tokens is capped at 1,000,000,000 (1 billion) PNUT.
• Circulating Supply: As of July 2025, the circulating supply is approximately 999,858,912 PNUT, indicating that nearly the entire supply is available in the market.
• Max Supply: The maximum number of tokens coded to exist is 999,858,912 PNUT, aligning closely with the total and circulating supply.
• Liquidity Pool (LP): The project states that the liquidity pool has been "burnt," which typically means the LP tokens have been permanently removed from circulation. This action is often taken to prevent rug pulls and ensure long-term liquidity for the token
• Transaction Taxes: There are no taxes applied to PNUT transactions, aiming to encourage free trading and reduce barriers for users.

PNUT is available for trading on numerous centralized and decentralized exchanges. Major centralized exchanges where PNUT can be traded include:

• Binance;
• MEXC;
• Gate;
• LBank;
• BTSE;
• OKX;
• DigiFinex;
• Coinbase Exchange;
• BitKan;
• Bybit;

The project has also highlighted its availability on platforms like Revolut App, allowing users to on-ramp into PNUT directly within the banking platform. The token's price has been influenced by social media activity, including posts from figures like Elon Musk, which have contributed to its viral spread and market surges.

The PNUT project emphasizes its community-driven nature, positioning itself as more than just a cryptocurrency but a symbol of a broader movement. The narrative centers on Peanut the squirrel as a figure representing second chances and hope. The project aims to inspire kindness, compassion, and action among its supporters. ^{[1] [2] [3]}