The euthanasia of the internet-famous squirrel Peanut has sparked widespread controversy and political movements, while the meme coin Pnut has become the focus of speculation in this incident, with its market cap exceeding 100 million dollars in just one day.
Just this past weekend, the MEME coin Pnut became a hot topic among Degen traders, with its market cap surpassing 100 million dollars in just one day.
This wave is related to the news of the American internet-famous squirrel Peanut being 'arrested' and then euthanized. The public's sympathy for Peanut's unfortunate fate is spreading across the internet, especially with figures like Elon Musk 'fanning the flames', turning this incident into a political movement in the U.S., igniting strong outrage and widespread condemnation online.
Pnut's market cap peaked over 100 million, while the deployer only made 73 thousand dollars.
In recent days, the MEME market on Solana has seen a resurgence of the Golden Dog project, with the squirrel-themed MEME coin 'Pnut' quickly spreading as a satire of MEME culture.
Dex Screener data shows that starting from November 2, the price of the MEME coin 'Pnut' began to soar, peaking at over 6600 times its initial value, with a market cap exceeding 110 million dollars on November 3. As of the time of writing, the market cap of Pnut has fallen back to about 55 million dollars.
Amid the heated narrative, some savvy investors made significant profits, while others exited too early and missed out. According to @ai_9684xtpa monitoring, the smart money GmM5U…Hu9vB made a profit of 1.64 million dollars from buying $Pnut at a low point, with a cost of 44851 dollars, yielding a return of 3668%, and has sold nearly 90% of their position.
According to Onchain Lens monitoring, a user spent 8 SOL (1392 dollars) to buy 19.4 million Pnut, then sold it for 4.09 SOL (711 dollars), incurring a loss of 681 dollars, while the value of these tokens once exceeded 1.85 million dollars; Lookonchain also monitored that an address selling 19.1 million Pnut at a loss is now worth over 1.6 million dollars, having spent 11 SOL (1882 dollars) to buy them, and finally sold for 4.57 SOL (783 dollars), incurring a loss of 1099 dollars.
It is worth mentioning that Lookonchain data shows that the deployer of Pnut withdrew 2 SOL from Coinbase to issue Pnut and quickly sold all of their Pnut, with two other wallets associated with them already having sold all their Pnut, totaling a profit of only about 73 thousand dollars.
After Pnut gained popularity, the MEME market's attention shifted back to similar animal MEME coins featuring raccoons, elephants, and others, but currently only Pnut maintains a certain level of market heat.
The internet-famous squirrel was euthanized, sparking controversy and escalating into a political struggle as a tool of public opinion.
The attention surrounding the MEME coin Pnut is related to the incident of the internet-famous squirrel 'Peanut' being euthanized.
More than seven years ago, mechanical engineer Mark Longo witnessed a mother squirrel die in a car accident by chance. Out of compassion, he took the lonely little squirrel home and gave it a warm name 'Peanut'. During the care process, Mark Longo shared countless interesting interaction videos between Peanut and himself through his social media account, quickly attracting hundreds of thousands of followers, and Peanut became an 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 alpacas.
However, an unexpected storm broke the peaceful life of Mark Longo and Peanut. According to the Associated Press, on October 30, officials from the New York State Department of Environmental Conservation (DEC) entered 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 acted as if they were looking for drugs and weapons.' Mark Longo revealed that the environmental agency received multiple complaints from citizens claiming Peanut was a wild animal, fearing it could transmit rabies and other diseases.
To this end, Mark Longo had to initiate a petition on social media, which quickly garnered active responses and signatures from tens of thousands of fans. However, the development of the situation did not unfold as everyone hoped.
Mark Longo subsequently announced heavily that Peanut had been euthanized, as it was deemed an 'illegally kept wild animal'. The DEC stated that Peanut bit the personnel involved in the investigation, leading to the euthanasia of this squirrel and another raccoon named Fred for rabies testing.
This news instantly sparked a huge uproar across the internet, with countless netizens expressing strong dissatisfaction and anger, and the DEC has found itself in the whirlpool of public opinion.
'New York City's treatment of the squirrel Peanut is as cruel as the treatment of Harambe (the gorilla shot by the zoo to save a boy).' The meme coin project Dogecoin tweeted. Elon Musk also joined this mourning activity, posting multiple tweets supporting Peanut and Mark Longo, 'The government should not be allowed to invade your home and kill your pet! This is terrible.'
Even if keeping a squirrel as a pet is illegal (which it shouldn't be), why kill Peanut instead of releasing it back into the forest? 'The government is a heartless killing machine, Trump will save the squirrel, rest in peace Peanut.' As the American satire news site Babylon Bee stated, 'Radical squirrels wearing MAGA hats are starting a rebellion.'
Elon Musk supports Peanut.
Amid the final stages of the U.S. presidential election, the uproar over Peanut has fermented into a campaign against the Democratic Party, even being used as a tool of political contention.
