Peanut the Squirrel (PNUT) has emerged as one of the most talked-about meme coins on the Solana blockchain. With its playful branding and rapidly growing community, PNUT has carved out a niche in the competitive world of cryptocurrency. This article dives into the current price dynamics, market performance, supply structure, and broader context surrounding this digital asset—offering both new and experienced investors a comprehensive overview.
What Is Peanut the Squirrel (PNUT)?
Peanut the Squirrel is a meme-inspired cryptocurrency built on the Solana network. Like other popular meme coins such as Dogecoin or Shiba Inu, PNUT leverages internet culture and viral appeal to attract attention and build a loyal following. However, unlike older meme tokens running on slower blockchains, PNUT benefits from Solana’s high-speed, low-cost transaction environment—making it ideal for fast-paced trading and micro-transactions.
The project does not position itself as a utility-driven token with complex DeFi integrations. Instead, its value stems largely from community engagement, social momentum, and speculative interest. The mascot—a cartoon squirrel named Peanut—has become a symbol of fun and accessibility within the crypto space, resonating particularly well with retail investors.
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Market Performance and Key Metrics
As of the latest update, PNUT holds a market capitalization of approximately $218.74 million**, placing it among the top 250 cryptocurrencies by market cap. Its trading volume over the past 24 hours reached **$82.37 million, though this represents a decline of 32.4% compared to the previous period, indicating potential short-term cooling in investor activity.
All-Time High and Price Trends
PNUT achieved its all-time high of $2.43 on November 14, 2024. Since then, the price has corrected significantly, currently sitting at a level approximately 91% below that peak. While this may concern some investors, such volatility is typical for meme-based digital assets, which often experience rapid pumps followed by extended consolidation phases.
The FDV (Fully Diluted Valuation) stands at $218.74 million, aligning closely with the current market cap due to the fully circulating supply.
Supply Overview
One of PNUT’s defining characteristics is its fixed and fully circulating supply:
- Circulating Supply: 999.86 million PNUT
- Total Supply: 999.86 million PNUT
- Max Supply: Not applicable (effectively capped)
This means that no new tokens will be minted beyond the initial release, creating a deflationary-like structure despite the absence of active burn mechanisms. A high circulating supply relative to total supply enhances liquidity and reduces the risk of sudden large dumps from unallocated reserves—a common concern in newer crypto projects.
Exchange Listings and Trading Pairs
PNUT is listed across multiple major exchanges, reflecting strong institutional and user adoption. The primary trading pair is PNUT/USDT, available on platforms including Binance, MEXC Global, Gate.io, OKX, and Bitget.
Top markets by 24-hour trading volume include:
- Binance: $17.28 million
- MEXC Global: $9.83 million
- Gate.io: $5.28 million
- OKX: $5.12 million
- Bitget: $4.90 million
These listings ensure robust liquidity and ease of access for global traders. The widespread exchange presence also contributes to price stability and reduces susceptibility to manipulation.
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On-Chain Information
For transparency and verification purposes, the official contract address for Peanut the Squirrel on Solana is:
2qEHjDLDLbuBgRYvsxhc5D6uDWAivNFZGan56P1tpump
Users are encouraged to verify this address through trusted blockchain explorers before engaging in any transactions to avoid phishing scams or counterfeit tokens.
Core Keywords and SEO Optimization
To enhance discoverability and align with search intent, the following core keywords have been naturally integrated throughout this article:
- Peanut the Squirrel
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- Solana meme coin
- PNUT market cap
- PNUT trading volume
- PNUT circulating supply
- meme coin on Solana
These terms reflect common queries from users researching PNUT, ensuring relevance for both informational and transactional searches.
Frequently Asked Questions (FAQ)
What is Peanut the Squirrel (PNUT)?
Peanut the Squirrel is a meme coin launched on the Solana blockchain. It features a fun, community-driven theme centered around a cartoon squirrel named Peanut and thrives on social media engagement and speculative trading.
Is PNUT built on Solana?
Yes, PNUT operates entirely on the Solana network. This allows for fast transaction speeds and minimal fees, making it accessible for frequent traders and small investors alike.
How many PNUT tokens are in circulation?
There are currently 999.86 million PNUT tokens in circulation. This is also the total and maximum supply, meaning no additional tokens will ever be created.
Where can I buy PNUT?
You can purchase PNUT on several major exchanges, including Binance, MEXC Global, Gate.io, OKX, and Bitget. The most common trading pair is PNUT/USDT.
What was PNUT’s highest price?
PNUT reached an all-time high of $2.43 on November 14, 2024. As of now, the price remains significantly lower, reflecting typical post-pump correction patterns seen in meme coins.
Does PNUT have real-world utility?
Currently, PNUT functions primarily as a speculative and community-driven asset without direct utility in decentralized applications or services. Its value is derived from market sentiment and viral traction rather than underlying technological use cases.
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Final Thoughts
Peanut the Squirrel (PNUT) exemplifies how humor, timing, and community energy can converge to create meaningful movement in the crypto space—even without traditional utility. While it carries higher risk due to its speculative nature and price volatility, it also offers opportunities for those who understand market cycles and trader psychology.
As with any investment in digital assets—especially meme coins—due diligence is crucial. Monitoring trading volume trends, exchange listings, and community sentiment can provide valuable insights into future price direction.
Whether you're drawn to PNUT for its charm or its potential upside, staying informed through reliable data sources and secure platforms remains essential.