Over the past four hours, Peanut the Squirrel (PNUT), a meme-based cryptocurrency on the Solana blockchain, has experienced a sharp decline. Its price dropped by approximately 7.76% in the last hour and 13.05% over the past 24 hours. Despite this, the token remains popular, currently ranked #68 by market capitalization, with a circulating supply of 999.85 million tokens out of a total 1 billion supply.
PNUT gained attention due to its backstory—a tribute to a viral pet squirrel named Peanut. Since its launch on November 5, 2024, the token has seen volatile trading, driven by social media buzz and public figures. However, its recent bearish movement aligns with broader market trends, as well as potential profit-taking following its earlier all-time high of $2.47 on November 14, 2024.
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