$PNUT PNUT is a meme coin with the following background:

- Originated from the Internet celebrity squirrel incident: Peanut is an Internet celebrity squirrel living in the United States. Its owner Mark Longo often shares its daily life on Instagram and also uses it to establish an animal rescue organization to raise funds. On October 30, 2024, the New York State Environmental Protection Department detained Peanut after receiving an anonymous report. Mark initiated a petition. However, Peanut was euthanized on November 2, which aroused online anger. The community condemned the law enforcement department and even put forward the slogan "Rat life is precious". Public figures such as Musk also joined in the mourning.

- Born as a symbol of protest: In this context, PNUT was born as a meme coin on the Solana blockchain. It became a symbol of people's protest against the government's improper handling. Supporters expressed their support for animal rights and dissatisfaction with the incident by purchasing PNUT. Its market value increased significantly in a short period of time. The price began to soar only on November 2. After listing on Binance, it briefly reached 0.28 USDT, an increase of 141.15% in 1 hour, and more than 3 times in 10 minutes. The market value rose from US$100 million to US$362 million.

- Integration with social movements: The birth of PNUT reflects the public's emphasis on animal rights and dissatisfaction with government law enforcement, and has also triggered a social movement of "Rat lives are precious". It is not just an investment product, but also a reflection of social sentiment and a new way for the public to express their demands, reflecting the deep integration of cryptocurrency and social topics.