Peanut the Squirrel ($PNUT ) coin, launched in November 2024, has rapidly gained attention within the crypto space, largely due to its viral meme appeal. The coin was inspired by a tragic story involving Peanut, a pet squirrel, and became a meme after the squirrel's euthanization following a controversial raid by the New York Department of Environmental Conservation. The token's price surged dramatically by 2,987% within weeks of its launch.