$Pnut's market value once exceeded 100 million, the death of the internet celebrity squirrel Peanut, supported by Musk, has sparked a political movement in the U.S.

Author: Nancy, PANews

Last weekend, the MEME coin Pnut became a hot topic among degens, with its market value surpassing 100 million dollars in just one day. This craze is related to the news that the American internet celebrity squirrel Peanut was 'captured' and subsequently euthanized, with public sympathy for Peanut's unfortunate fate spreading across the internet, especially under the 'stirring the pot' of public figures like Musk, turning this incident into a political movement in the U.S., igniting strong outrage and widespread condemnation online.

Pnut's market value peaked at over 100 million, the deployer only earned 73,000 dollars.

In recent days, the MEME coin market on Solana has seen a resurgence of cash dog projects, with the squirrel-themed MEME coin 'Pnut' being rapidly spread as a MEME satire culture. Dex Screener data shows that starting November 2, the price of MEME coin 'Pnut' began to skyrocket, peaking at over 6600 times its initial listing price, with its market value also surpassing 110 million dollars on November 3. As of the publication of this article, Pnut's market value has fallen back to about 55 million dollars.

Under the hot narrative, there are smart money making significant profits, as well as early sellers who left the market. According to @ai_9684xtpa's monitoring, the smart money GmM5U…Hu9vB, which built a position in $Pnut at a low point, with a cost of 44,851 dollars, has made a profit of 1.64 million dollars, with a return rate of 3668%, and has sold nearly 90% of its position. According to Onchain Lens, a user spent 8 SOL (1392 dollars) to buy 19.4 million Pnut, then sold it for 4.09 SOL (711 dollars), losing 681 dollars, with the value of these tokens once exceeding 1.85 million dollars; according to Lookonchain, it was also monitored that an address sold 19.1 million Pnut at a loss, which is now worth over 1.6 million dollars. The address spent 11 SOL (1882 dollars) to buy 19.1 million Pnut, and finally sold it for 4.57 SOL (783 dollars), losing 1,099 dollars.

It is worth mentioning that Lookonchain's data detection shows that the deployer of Pnut withdrew 2 SOL from Coinbase to issue Pnut and quickly sold all of his Pnut, and two other wallets associated with it have also sold all Pnut, with total profits of only about 73,000 dollars.

After Pnut became popular, the MEME market's attention refocused on some similar concept animal MEME coins such as raccoons and large elephants, but currently only Pnut maintains a certain level of market heat.

The arrest and execution of the internet celebrity squirrel has stirred controversy, escalating into a political weapon of struggle.

The attention surrounding MEME coin Pnut is related to the incident of the internet celebrity squirrel 'Peanut' being arrested and euthanized.

More than seven years ago, mechanical engineer Mark Longo witnessed a mother squirrel tragically die in a car accident by chance. Out of compassion, he took the lonely little squirrel home and named it 'Peanut.' During the care process, Mark Longo shared countless interesting interaction videos between him and Peanut on his social media account, quickly attracting the attention of hundreds of thousands of fans, and Peanut became an animal internet celebrity.

According to Mark Longo, as his love for animals deepened, he resolutely devoted himself to wildlife conservation last year, founding a non-profit animal sanctuary called 'P’Nuts Freedom Farm Animal Sanctuary,' which currently houses over 300 animals, including horses, goats, and llamas.

However, a sudden storm disrupted the peaceful life of Mark Longo and Peanut. According to an Associated Press report, on October 30, officials from the New York State Department of Environmental Conservation (DEC) broke into Mark Longo's home without a search warrant and arrested Peanut. "The treatment I received was as if I were a drug dealer; the officials' actions seemed to be looking for drugs and guns." Mark Longo revealed that the Environmental Protection Agency received multiple complaints from the public stating that Peanut was a wild animal and worried that it could spread rabies and other diseases.

As a result, Mark Longo had to launch a petition on social media, which quickly received active responses and signatures from tens of thousands of fans. However, the situation did not develop as everyone hoped. Mark Longo subsequently announced heavily that Peanut had been euthanized by the relevant authorities for being identified as an 'illegally kept wild animal.' The DEC stated that Peanut bit an investigator, and this squirrel and another raccoon named Fred were euthanized for rabies testing.

This news instantly triggered a huge uproar across the internet, with countless netizens expressing strong dissatisfaction and anger, and the DEC also found itself in the whirlpool of public opinion.

"The way New York City treats the squirrel Peanut is as cruel as how they treated Harambe (the gorilla that was shot by a zoo in the U.S. to save a boy)." The memecoin project Dogecoin (DOGE) wrote on Twitter.

Elon Musk also joined the memorial event, continuously posting multiple tweets supporting Peanut and Mark Longo, "The government should not be allowed to invade your home and kill your pets! This is terrible. Even if keeping squirrels is illegal (which it shouldn't be), why kill Peanut instead of returning it to the forest?" "The government is a heartless killing machine, Trump will save the squirrels, rest in peace Peanut." The satirical news site Babylon Bee stated, "Radical squirrels wearing MAGA hats are starting a rebellion."

"If you strike me down, I will become more powerful than you could possibly imagine" Obi PNut Kenobi pic.twitter.com/dD2Xo0fSkr

— Elon Musk (@elonmusk) November 2, 2024

At the critical juncture of the U.S. presidential election, this incident regarding Peanut has escalated into a movement against the Democratic Party, even being used as a political weapon of public opinion.

(The above content is excerpted and reprinted with permission from the partner PANews, original link)

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"$Pnut's market value once exceeded 100 million, the death of the internet celebrity squirrel Peanut, supported by Musk, has sparked a political movement in the U.S." This article was first published on (Block客).