Peanut the Squirrel: Inside the Viral Meme Coin Surge

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Peanut the Squirrel, affectionately known as PNUT, has emerged as one of the most talked-about meme coins in the cryptocurrency space. With explosive price movements, celebrity attention, and major exchange interest, PNUT is more than just a viral sensation—it’s a case study in how community-driven digital assets can capture global attention.

This article dives deep into the rise of Peanut the Squirrel, analyzing its market performance, key news developments, and what makes it stand out in the crowded meme coin ecosystem.

The Meteoric Rise of PNUT

Over the past few months, Peanut the Squirrel (PNUT) has seen jaw-dropping gains that have drawn traders and investors alike. Despite broader market downturns on the monthly chart, PNUT surged 1,200% in just three months, building on earlier momentum from a 1,000%+ rally earlier in the year.

One pivotal moment came when a single whale wallet accumulated 1% of the total PNUT supply, triggering a 13% price spike. This level of concentrated ownership often signals strong confidence from deep-pocketed investors, fueling retail speculation and FOMO (fear of missing out).

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The token briefly reached an all-time high of $1.90** following its listing on **HTX (formerly Huobi)**—a move that amplified visibility and liquidity. At its peak, PNUT achieved a **market cap of $1.7 billion, cementing its status as a top-tier meme coin contender.

Exchange Momentum: Coinbase Listing Boosts Confidence

A major catalyst for PNUT’s sustained momentum was Coinbase’s December 11, 2024 announcement that it had added PNUT to its potential listing roadmap. While not an immediate listing, this signaled institutional interest and compliance scrutiny—key steps toward broader legitimacy.

The news sparked renewed investor enthusiasm, pushing PNUT up 20% in the days that followed. For many retail traders, a Coinbase listing is synonymous with safety, accessibility, and long-term viability.

This development also helped PNUT steal the spotlight from other meme coins like GOAT, which had previously dominated social sentiment. PNUT's superior social dominance and viral appeal allowed it to overtake rivals during a competitive phase in the meme coin rally.

Legal Drama: Creator Sues Binance Over IP Rights

Amid the price surges and exchange news, a legal battle unfolded that added another layer of intrigue. Mark Longo, the creator behind Peanut the Squirrel, filed a lawsuit against Binance, alleging intellectual property (IP) theft related to the brand image of the meme coin.

While details remain under legal review, the case highlights growing tensions between decentralized projects and centralized exchanges over branding, token usage, and community ownership. It also underscores the importance of IP protection in the Web3 space, where mascots and narratives are often central to a project’s identity.

Such legal actions may set precedents for how meme coins defend their creative assets in an environment where copying and forking are common.

Current Market Data: Where Is PNUT Now?

As of today, the live Peanut the Squirrel price stands at $0.23 USD**, reflecting a **4% increase** over the past 24 hours. The token maintains strong trading activity with a **24-hour volume of $89,115,326 USD.

Here’s a snapshot of PNUT’s current market position:

With nearly the entire supply already in circulation, PNUT operates under a deflationary-like model—especially if future burns or buybacks are implemented by the team.

PNUT Price Conversion Table

These multi-currency values make PNUT accessible to global investors across different regions, increasing its adoption potential beyond English-speaking markets.

Why Is Peanut the Squirrel Gaining Popularity?

Several factors contribute to PNUT’s rapid ascent:

  1. Strong Community Narrative: Built around a charismatic squirrel mascot, PNUT taps into internet culture and emotional engagement.
  2. Celebrity and Influencer Backing: Viral fame was accelerated by endorsements from online personalities.
  3. Exchange Listings: Appearances on HTX and potential Coinbase listing boost credibility.
  4. Whale Activity: Large accumulations signal confidence and trigger market reactions.
  5. Meme Coin Season Dynamics: Cyclical interest in humorous, low-cap tokens benefits projects like PNUT.

Unlike older meme coins that rely solely on nostalgia (e.g., Dogecoin), PNUT leverages modern social media mechanics—TikTok trends, meme templates, and real-time trading communities—to sustain momentum.

👉 See how emerging tokens gain traction through community-powered growth models.

Frequently Asked Questions (FAQ)

What is Peanut the Squirrel (PNUT)?

Peanut the Squirrel is a decentralized meme coin built on blockchain technology, featuring a playful squirrel mascot. It gained popularity due to viral marketing, whale accumulation, and exchange listing rumors.

Is PNUT available on major exchanges?

PNUT is currently listed on HTX and other decentralized platforms. It has been added to Coinbase’s potential listing roadmap, though not yet officially listed.

Who owns Peanut the Squirrel?

Mark Longo is publicly recognized as the creator of Peanut the Squirrel. He has taken legal action to protect the brand’s intellectual property.

What is the total supply of PNUT?

The maximum supply of PNUT is capped at 999,858,912.07 tokens, with nearly all already in circulation.

Can PNUT reach $1 again?

While past performance doesn’t guarantee future results, factors like exchange listings, community growth, and market cycles could influence a return to higher price levels—if broader crypto conditions improve.

Is investing in meme coins like PNUT risky?

Yes. Meme coins are highly speculative and volatile. Prices can surge or crash rapidly based on sentiment, news, or whale activity. Always conduct research and invest responsibly.

Final Thoughts: More Than Just a Meme?

Peanut the Squirrel exemplifies how modern crypto projects blend humor, branding, and strategic exchange positioning to create value—even in bearish markets. While rooted in meme culture, its journey reflects real dynamics: legal challenges, whale influence, and platform recognition.

For traders watching the altcoin space, PNUT serves as both an opportunity and a cautionary tale about the power—and unpredictability—of internet-driven finance.

Whether it evolves into a lasting ecosystem or fades as a flash-in-the-pan trend depends on continued innovation, transparency, and community trust.

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