What is Peanut the Squirrel (PNUT)? Why is it popular, and what's the story behind it?

Peanut the Squirrel (PNUT) is one of the latest projects launched on the Solana blockchain.

It quickly made waves by reaching a market cap of over $1 billion in less than 48 hours, with much of its growth attributed to its recent listing on Binance.

According to CoinGecko, the market cap of $PNUT was approximately $128 million before Binance announced the listing, but it skyrocketed by a factor of ten, ultimately reaching $1.3 billion.

At one point, PNUT’s price surged by over 300% within a single day, drawing significant interest and further solidifying its place as a high-profile meme coin in the crypto world.

Why was Peanut the Squirrel (PNUT) created? What is the background story?

It all started with a small act of kindness: Mark Longo found an injured squirrel, named her Peanut, and decided to care for her.

What began as a simple rescue quickly grew into something amazing—thanks to Mark’s care and affection, Peanut became an internet sensation.

With over 600,000 followers, her story touched many people’s hearts, turning her into a symbol for animal rights.

As the popularity grew, Peanut became the face of a nonprofit organization called "Peanut's Freedom Farm."

This organization provides a safe home for more than 300 animals, with Peanut as its mascot and a symbol of dedication to animal welfare.

But the story took a sad turn when New York’s Department of Environmental Conservation, citing health concerns, decided to confiscate Peanut.

Things became even worse when Peanut was put down due to concerns about possible rabies.

The news about Peanut spread like wildfire. Mark shared his story on social media, sparking an outpouring of reactions, support, and public outrage.

The story even sparked political debates, coming at a sensitive time right before the U.S. presidential election.

It didn’t take long for big names like Elon Musk and Donald Trump to join the conversation.

Through their posts on X, they criticized the actions of the Department of Environmental Conservation, calling the situation an example of government overreach.

This only drew more public attention to the heartbreaking end of a much-loved squirrel.

With so much public interest, launching a meme coin in Peanut’s honor seemed like a natural next step.

The meme coin, called PNUT, quickly gained traction, especially after Elon Musk posted about Peanut again.

In just 24 hours, PNUT’s market cap shot up from around $3 million to a staggering $140 million.

The story reached new heights when Binance announced it would list PNUT on its platform, driving even more demand for the token.

What started as a simple story of rescuing a squirrel turned into a global phenomenon, inspiring people all around the world.

What is the $PNUT Token?

$PNUT is a token on the Solana blockchain that has all the hallmarks of a meme coin—it’s designed mainly for fun and to encourage community interaction.

With a total supply of 999,856,448 tokens, it was launched through a "fair release" process.

The project has gathered a strong following, with over 17,000 Twitter followers who actively engage and share Peanut’s “heroic” story.

While $PNUT is focused on humor and community, it also functions as a cryptocurrency, using blockchain technology and smart contracts to add a layer of security and decentralization to its transactions.

How to Buy Peanut the Squirrel (PNUT)?

Buying PNUT tokens is a simple process that lets anyone interested become part of the community supporting this unique meme coin.

1. Create an Account on the Bitcoin Store Platform

To get started, you’ll need to create an account on the Bitcoin Store platform to buy and store PNUT tokens.

• Register: Visit the official Bitcoin Store website and click on “Register.” Enter your basic information and follow the instructions to confirm your account.
• Verify Your Identity: To gain full access to the platform’s features, complete the identity verification process as required by law.

2. Deposit Funds into Your Account

After verifying your account, you’ll need to deposit funds to use for purchasing PNUT tokens.

• Choose a Payment Method: The Bitcoin Store platform allows you to deposit funds via bank transfer, credit or debit card, or cash at one of their locations.
• Deposit Funds: Choose your preferred payment method, enter the amount you wish to deposit, and follow the platform’s instructions. Your funds will soon appear in your Bitcoin Store account.

3. Buy PNUT Token

Once your funds are in your account, you’re ready to buy PNUT tokens.

• Find the PNUT Token: In the Bitcoin Store platform search bar, type “PNUT” to find the token.
• Enter the Amount: Select the “Buy” option and enter the amount you wish to purchase in your local currency or in PNUT tokens. The platform will automatically calculate the equivalent amount of PNUT based on the current market price.
• Confirm the Transaction: Review the purchase details and click on “Buy” to complete the transaction. Once processed, the PNUT tokens will be added to your Bitcoin Store Wallet.

4. Safely Store Your PNUT Tokens

The Bitcoin Store platform offers secure storage for your PNUT tokens in your account, or you can transfer them to a personal wallet.

• Store in Bitcoin Store Wallet: You can choose to keep your PNUT tokens in the Bitcoin Store Wallet, where they’re secure and easily accessible for further transactions.
• Transfer to a Personal Wallet: For additional security, you may transfer your PNUT tokens to your personal wallet. Copy your wallet address and follow the platform’s withdrawal instructions.

You can find a detailed guide for creating an account and buying cryptocurrency in this article:

How to buy cryptocurrency?

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.