Peanut the Squirrel: The Story Behind the Meme Coin
Peanut the Squirrel is the inspiration for a viral cryptocurrency, $PNUT, which launched on Binance in November 2024. The coin stems from the story of a squirrel named Peanut, whose controversial euthanasia by NYC authorities sparked public outrage and online discourse.
The incident became a symbol of unnecessary bureaucracy, gaining significant media attention and rallying internet users who shared memes and tributes to the squirrel. This momentum led to the creation of $PNUT, a cryptocurrency that combines meme culture with a nod to activism.
Why $PNUT?
The project uses Peanut’s story to create an engaging narrative for its community. As a meme coin, $PNUT focuses on fostering humor, connection, and potential for viral growth, akin to other successful meme coins like Dogecoin. Its tokenomics aim to sustain this buzz while offering incentives for participation and investment.
Peanut’s legacy lives on, not just as a story of public sentiment but also as a digital asset aimed at uniting like-minded investors. Whether $PNUT becomes a staple in the meme coin space remains to be seen, but its unique origin gives it a compelling edge.
