What is Peanut the Squirrel?

Source: Peanut the Squirrel website

Most meme projects are jokes that went viral. But Peanut the Squirrel is different. It is a meme project that tries to fight the good fight for wildlife everywhere. While it is a meme coin, it has a touching backstory about a squirrel called Peanut, who is the Elon Musk of squirrels.

Over time, Peanut became a social media influence, gaining popularity through a life vlog about her relationship with her human, Mark Longo. Sadly, the PNUT project was created to pay tribute to her unfortunate demise at the hands of New York’s Department of Environmental Conservation.

This way, the community could not only honor the adorable squirrel mascot, but they can also fight the harmful regulations surrounding wildlife. The Peanut the Squirrel project is a very new project. It came out in November 2024, backed up by a strong community of animal lovers.

History of Peanut the Squirrel (PNUT)

The story of the Peanut the Squirrel project started with a small kindness. Mark Longo, a resident of New York City, found a squirrel that was the sole survivor of a car accident. He rescued the squirrel and named her Peanut.

Over the years, Peanut became a social media sensation, gathering over 600k followers globally. That fame also brought unwanted attention. On October 30, 2024, Peanut was seized by New York State officials who claimed Peanut was a health risk. She was later killed after a false report of having rabies.

This sparked public outrage, and interest in this pet peaked. Using it as a point of contact for other wildlife pets and regulations, they argued that the current legislature was too rigid on these lovely creatures. This even got the attention of Trump Junior and Elon Musk, who took to Twitter to condemn the execution of a pet.

The Peanut the Squirrel project was launched with this new passion and attention. In November 2024, a GoFundMe campaign raised $162,980 to support P’Nuts Freedom Farm Animal Sanctuary.

Peanut the Squirrel continues to develop, focusing on expanding P’Nuts Freedom Farm and advocating for animal welfare legislation.

Core Components: Solana Blockchain and Memecoin Smart Contracts

Solana Blockchain

The Peanut the Squirrel project is built on Solana, which is known as the breeding ground for some of the most viral memes in the crypto space. The blockchain’s high speed and transaction execution time make it conducive to meme projects.

It is also the foundational infrastructure for meme-focused exchanges and platforms, making it easier to trade PNUT tokens.

Memecoin Smart Contract

Like many other meme projects, the Peanut the Squirrel project is built using smart contracts. These smart contracts help manage token transactions, ensuring a decentralized and secure environment for trading and ownership.

Features of The Peanut the Squirrel Project Ecosystem: Social Media Engagement, Animal Sanctuary Initiatives, and Community Advocacy

Social Media Engagement

Peanut had a social media presence before its death. Her videos on Instagram gathered more than 600k followers, which isn’t easy to pull off. This means PNUT started with an already large community, which it is using to further its plans.

This also allowed the project to share content, discuss, and engage the community based on wildlife legislation. The social media engagement, coupled with videos of Peanut performing tricks and interacting with his owner, Mark Longo, helped the coin to maintain an active, supportive follower base.

Animal Sanctuary Initiatives

Source: P’Nut Freedom Farm Website

After the squirrel’s death, Mark Longo established P’Nuts Freedom Farm Animal Sanctuary, which is vital to the project. This sanctuary provides refuge for over 300 rescued animals and promotes animal welfare. A recent interview shows that the farm aims to create educational content around responsible pet ownership.

Peanut is the sanctuary’s mascot, symbolizing its mission to rescue neglected animals and advocate for their rights.

Community Advocacy

After the way Peanut was killed, the project emphasizes advocacy for animal rights and against government overreach in wildlife management. The community, as a whole, seeks to address wildlife ownership laws in New York State to prevent similar occurrences in the future. The PNUT project also raises awareness about animal welfare issues.

What is the PNUT Token?

Source: Peanut the Squirrel website

The PNUT token is the native token of the Peanut the Squirrel project. It’s a meme coin that was launched on Solana in November 2024. Peanut community members use the token for fun and engagement and to contribute to the project’s legacy.

The total supply of the PNUT token is 1 billion, with 999.8 million in circulation as of 27th November 2024. As a community-focused project, 100% of the token has been allocated to providing liquidity.

Is PNUT a Good Investment?

While PNUT is a Memecoin, it is a project with a touching history and statement. Within the short period of its launch, the PNUT token jumped to the 74th position on CoinMarketCap, showing massive growth potential.

The project is backed by a large community focused on preserving the wildlife ecosystem and ensuring their safety and living conditions. This implies that it would be attractive to conscientious investors or meme-focused traders who find such backstories appealing.

Risk Analysis

Advantages

The project is tied to a compelling narrative surrounding animal rights, particularly following the tragic story of Peanut the Squirrel. This emotional connection can enhance community loyalty and support for initiatives related to animal welfare.

It’s also heavily backed by social media content and tweets. This has gathered a large following and attention for the Peanut the Squirrel project on Twitter and Instagram. This popularity can attract new investors seeking high-risk, high-reward opportunities in the cryptocurrency market.

Disadvantages

Like many meme coins, PNUT is subject to extreme price fluctuations. These fluctuations are caused by market sentiments and social media trends, and they can threaten investors seeking price stability.

Also the token primarily exists as a meme coin, meaning it has little practical applications beyond trading and community engagement. This may repel traditional investors looking for projects with tangible use cases.

Challenges

PNUT could face regulatory challenges that may impact its operation and market acceptance as with many cryptocurrencies. And these changes, which could happen in different regions, could affect investor confidence.

Many trends come and go. Hence, maintaining community interest over the long term can be challenging, especially after initial hype fades. The project must continuously engage its audience to prevent a decline in participation and trading volume.

Competitive Analysis

The PNUT and FLOKI projects are two meme coins designed after popular pets.

While PNUT is designed after Peanut, the adorable squirrel with a tragic end, FLOKI is designed after Elon Musk’s pet, Floki.

PNUT takes advantage of Peanut’s social media following throughout its lifetime, while FLOKI takes advantage of DOGE’s community. Since both Doge and FLOKI are Shiba Inus supported by Elon Musk, FLOKI’s community is larger.

Another difference is their mission. FLOKI is focused on expanding its ecosystem to include gaming, NFTs, and DeFi use cases. PNUT, on the other hand, is focused on saving the wildlife population from mistreatment and execution.

So, while PNUT is designed with a unique story and background, FLOKI is taking advantage of an established trend in the crypto space. Shiba Inus are cute and loved by crypto, and so is FLOKI.

How Can You Own PNUT Tokens?

Users can follow the simple process outlined below to own PNUT tokens and join the Peanut the Squirrel ecosystem.

Setup a Wallet

One way to own PNUT tokens is to purchase them through an exchange. For this, the user can create a Gate.io account, complete the KYC process, and add funds to the account to buy the token.

Utilize the PNUT Tokens

Once users have acquired PNUT tokens, they can explore the Peanut ecosystem by participating in content creation and trading across Solana.

Take Action on PNUT

You can trade PNUT tokens here.