PNUT’s origins: 10 times in 3 days
PNUT tokens are actually related to a social event: the tragic experience of the American Internet celebrity squirrel “Peanut”. Peanut’s owner, Mark Longo, is a mechanical engineer who has shared interesting videos of the little squirrel on social media for many years and has accumulated a large number of fans.
However, in a dispute over “illegal breeding”, Peanut was arrested and euthanized by relevant departments, and the incident quickly aroused the anger of the entire network. Many netizens felt sorry for Peanut’s unfortunate experience, and public figures including Musk also participated in the support, and even pointed out the government’s radical measures in this incident. What followed was extensive discussion on social platforms and emotional fermentation. This incident gradually evolved into an accusation by American society against government agencies and even the ruling policies of the Democratic Party.
PNUT’s leverage
At the height of the US election, the PNUT token turned out, relying on public sentiment to “take advantage of the situation” all the way, quickly attracted a lot of attention, and successfully heated up the public opinion market. In addition, with the election of Trump of the Republican Party, PNUT once again ushered in a surge because of standing on the right team. As soon as Binance announced its launch, the market value of PNUT rushed to nearly 400 million. The super increase of social hot spots + political events can be said to have brought the characteristics of Meme coins "making quick money by hot spots" to the extreme. The rapid popularity of PNUT shows the deep integration of cryptocurrency and social topics. It is not only an investment product, but also a reflection of social sentiment.
With Musk and Trump's son supporting Peanut, the Meme coin PNUT appeared
The price of Pnut coin soared to $0.9 in a short period of time.
The controversy over Peanut was a big deal before Trump was elected. Musk came out to support it, and Trump's son used this incident to advocate "removing the Democratic government", so some people believe that Peanut helped Trump get elected. After Peanut was extinguished, a Meme coin with Peanut as the theme was born.
The website reads: "Dear squirrel Peanut was taken away and put down by NYSDEC. The rescued seven-year-old squirrel represents P'Nut Family Free Farm Animal Sanctuary, an organization dedicated to rescuing and rehabilitating injured and abandoned animals. He is no longer around, but he lives forever. Forever Peanut."
Meme coins were issued on Solana and quickly gained attention. This topic belonging to the American community quickly attracted the attention of cryptocurrency exchanges,
Many medium-sized exchanges have started trading; large exchanges Binance and OKX opened trading pairs within a week. The price of the coin soared rapidly after listing, and Musk's support just now will increase it again.
The birth of PNUT reflects the public's attention to animal rights and dissatisfaction with law enforcement, and has triggered the "Rat Life is Precious" social movement. Through PNUT, supporters not only express condolences for Peanut, but also regard it as a way of protest.
The rapid popularity of Pnut coin shows the deep integration of cryptocurrency and social topics. It is not only an investment product, but also a reflection of social sentiment. However, when investors pursue their investment value, they must also be wary of the risk of price fluctuations.
