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What Is Peanut the Squirrel?

Peanut the Squirrel (ticker PNUT) is a memecoin on the Solana blockchain, launched in late 2024 in response to a viral news story. It has no protocol, roadmap, or governance of its own; its value comes entirely from community, culture, and the emotional story behind its name. PNUT is a Solana SPL token.

Peanut, nicknamed "Pnut," was an orphaned eastern gray squirrel rescued and raised for roughly seven years by Mark Longo in upstate New York. Peanut became a social-media star with hundreds of thousands of followers across Instagram and other platforms. On October 30, 2024, the New York State Department of Environmental Conservation seized Peanut, along with a pet raccoon named Fred, from Longo's home and animal rescue. Both animals were euthanized shortly afterward to test for rabies, and both tested negative.

The killing triggered enormous public outcry and became a rallying symbol of perceived government overreach. It spread rapidly across social media in the final days before the 2024 U.S. presidential election and was amplified by prominent public figures. Out of that viral moment, the PNUT memecoin was created on Solana through the Pump.fun launchpad around October 31 and early November 2024.

PNUT rose explosively in the weeks that followed. It climbed from fractions of a cent to a market capitalization in the hundreds of millions of dollars, then multiplied again around its listing on major exchanges, briefly exceeding a billion dollars in market cap. It reached an all-time high of roughly $2.44 in mid-November 2024.

The token has a fixed supply of approximately 1 billion PNUT, essentially all of which is in circulation. It was launched via Pump.fun's standard bonding-curve mechanism, and the community reports that the liquidity pool was burned. There was no formal team allocation, presale, or fundraise in the traditional sense; the launch was the distribution.

It is important to be clear about what PNUT is and is not. It has no intrinsic utility, no rights, and no governance structure. It does not power an application or network beyond being a tradable token. Its price is driven by attention and sentiment around the "Justice for Peanut" narrative rather than by any underlying cash flow or product. Prospective buyers should treat it as a highly speculative cultural asset.

Unusually for a memecoin born from a single news cycle, PNUT has shown some durability. More than a year after launch it still trades as a small-to-mid-cap token and remains listed on major exchanges, rather than fading to nothing. That said, it is down heavily from its all-time high, and its history is one of extreme volatility.

Getting Started With Peanut the Squirrel

PNUT is a Solana SPL token, so getting started is the same as for any Solana asset:

  1. Step 1: Install a Solana wallet such as Phantom, Solflare, or Backpack.
  2. Step 2: Acquire SOL or PNUT on a supported exchange and withdraw to your Solana address.
  3. Step 3: Swap into PNUT on a Solana DEX aggregator such as Jupiter, or via Raydium.
  4. Step 4: Always confirm you are trading the correct token by checking the mint address, since memecoins attract copycats.

How to Get a Peanut the Squirrel Wallet?

Any wallet that supports Solana SPL tokens supports PNUT:

Phantom

Phantom is the most widely used Solana wallet, available as a browser extension and mobile app. It supports PNUT and other SPL tokens and includes a built-in swap feature.

Solflare

Solflare is an established Solana wallet with browser extension and mobile versions and strong staking, NFT, and SPL token support.

Backpack

Backpack is a Solana-native wallet from Coral that emphasizes a modern user experience and integrates with the Backpack Exchange. It supports PNUT and other SPL tokens.

Hardware Wallets

Ledger devices support Solana via the Solana app and can be paired with Phantom, Solflare, or Backpack to keep PNUT in cold storage.

Peanut the Squirrel Resources

How to Buy Peanut the Squirrel?

PNUT is listed on many centralized exchanges and trades on Solana DEXs.

Centralized Exchanges

PNUT trades on exchanges including Binance, Coinbase, Bybit, OKX, KuCoin, Gate, Bitget, and Crypto.com, typically against USDT or USD.

Decentralized Exchanges

On Solana, PNUT trades on Raydium with aggregated routing through Jupiter, which is the most common way Solana users acquire it. Before swapping, confirm the mint address (2qEHjDLDLbuBgRYvsxhc5D6uDWAivNFZGan56P1tpump) to avoid copycat tokens.

Latest Peanut the Squirrel News

After its late-2024 launch and rapid rise to an all-time high in November 2024, PNUT fell heavily through 2025 in line with the broader memecoin cycle. It has since stabilized as a small-to-mid-cap token, retaining listings on major exchanges, which is a notable degree of persistence for a memecoin tied to a single news event.

Because memecoin prices are driven by attention and can move violently in both directions, the official website and X account are the best places to follow the latest on the PNUT community. Always verify the token mint address before trading.