There has been noise in the crypto corner over Peanut the Squirrel (PNUT), a fresh memecoin launched on the Solana blockchain. The very special thing about this token is the heartwarming story behind it. PNUT was created after a sad event where a pet squirrel named Peanut was taken from its home by the New York State Department of Environmental Conservation on October 30.
Source: coinmarketcap
Reports say the squirrel was euthanized soon after, which led to outrage on social media and calls for justice. Beyond repping a meme, the token now symbolizes a collective stand for justice and a growing sense of community within the crypto space.
The owners of #Peanut the squirrel are going nuclear on government officials in New York, accusing the state of abusing power and wasting taxpayer funds to seize and kill their pet. Watch their full interview on @TMZLive here: https://t.co/1rXzVTABx1 pic.twitter.com/rtHpBOl14x
— TMZ (@TMZ) November 1, 2024
PNUT’s Current Market Snapshot and Growth Potential is Pretty Exciting
At present, exchanging at $0.00091929, PNUT has captured the eye of opportunistic crypto enthusiasts and speculators, even. Analysts predict the token could reach $2.16 by 2025, and if momentum continues, it might soar as high as $12.15 by 2030. These projections testify to the unique nature of memecoins, where community-driven hype and viral trends often sponsor dramatic price movements. Despite the token’s volatility, PNUT’s potential for growth has placed it firmly in the front view of traders looking for the next cool opportunity in the crypto market.
Predictions for PNUT’s Future Prices (2025-2030)
Looking ahead, PNUT’s journey through the next several years shows both promise and uncertainty. By the end of 2025, the token could reach a high of $2.16, though it might average $1.38 depending on market dynamics. In a worst-case scenario, it could fall to $0.60 if bearish sentiment takes over. Come 2026, experts suggest PNUT could climb to $4.43, with a bottom of $1.26 and an average price of $2.71. The following years could see consistent growth, with predictions of $5.76 in 2027, $7.08 in 2028, and $9.36 by 2029. By 2030, the token might hit a milestone of $12.15, although bearish trends could limit it to $3.85 with an average of $8.00.
The Memecoin Craze and PNUT’s Community Power
Peanut the Squirrel has become a standout in the crowded memecoin space, where timing and buzz often dictate success. The token’s current market cap of $648.72 million places it among the top 75 cryptocurrencies, with daily trading volumes exceeding $1.8 billion. Although PNUT is down 40% from its all-time high of $2.43 on November 14, its narrative continues to wow the crypto community. Its fully released supply differentiates it from many competitors, offering stability and mitigating the risks of sudden price drops caused by token releases.
Turning to the Technical Outlook and Sentiment of PNUT, There’s a 28.36% Hope
Despite the hype, PNUT faces challenges. The Fear & Greed Index currently shows a reading of 65 (Greed), indicating a mix of optimism and caution among investors. Over the past month, PNUT recorded 12 green days, with price volatility reaching 27.24%. Technical indicators lean bearish, with 15 signals pointing downward compared to just four bullish indicators. In the short term, PNUT’s price is expected to reach $0.903169 by January 4, 2025, representing a 28.36% growth from current levels. However, the token must overcome resistance at $0.625292 and maintain support at $0.529608 to sustain its upward momentum.
FAQs
1. What is Peanut the Squirrel (PNUT), and why was it created?
Peanut the Squirrel (PNUT) is a memecoin on the Solana blockchain created to honor a pet squirrel named Peanut, who was seized and euthanized, sparking outrage and calls for justice.
2. How high could PNUT’s price go by 2030?
Analysts predict PNUT could reach as high as $12.15 by 2030, though bearish trends might keep it lower around $3.85.
3. Why is PNUT gaining so much attention?
PNUT’s unique backstory and strong community support, combined with its potential for big gains, have made it stand out in the crowded world of memecoins.
The post Peanut the Squirrel (PNUT) Price Prediction, 2025-2030: Can This Viral Solana-Based Memecoin Really Soar to $12 And Make You a Fortune by 2030? appeared first on Coinfomania.
