A tragic story turned into a cryptocurrency revolution—Peanut the squirrel (PNUT), a beloved pet and internet celebrity, became the face of a meme coin, with its market cap soaring to 1.9 billion dollars. The PNUT token was launched in early November 2024, capturing the hearts and wallets of people, showcasing the power of community and the cryptocurrency market.
The Peanut viral story
Peanut is not just a pet, it has become a symbol of justice. However, her tragic death, which many call a 'murder', caused an upheaval on the internet and even shook the cryptocurrency market. After her sudden passing, social media was flooded with the hashtag #JusticeForPeanut.
When high-profile figures like Elon Musk and Donald Trump expressed their support for the cause, the situation took a bigger turn and transformed the event into a national debate ahead of the U.S. elections.
The public outrage and emotional response led to the birth of PNUT, a token issued in memory of Peanut. The token quickly gained popularity after it was listed on the HTX exchange on November 12.
In just 48 hours, trading volume soared to over 230 million dollars, and the price skyrocketed over 2900%, reaching a high of 1.91 dollars. Its market capitalization surged to 1.9 billion dollars, making it one of the top 60 cryptocurrencies.
The rapid rise of PNUT
PNUT was launched on the Solana blockchain in early November 2024 and achieved significant growth in just a few weeks. It was listed on major cryptocurrency exchanges like HTX, Bitgert, OKX, and Bybit.
Interestingly, PNUT has gained support from large holders. Just one major holder owns 27 million tokens, worth about 51 million dollars.
Even more exciting is that Musk's tweet shook the cryptocurrency market, and PNUT was no exception. Musk's support brought more attention to the token, just like his influence on Dogecoin.
A tribute to Peanut's legacy
Peanut's story is not just a tragedy; it proves that even small lives can inspire great change. The cryptocurrency world turned her memory into a movement that blends finance, culture, and innovation.
