Peanut the Squirrel (PNUT) Meme Coin Review & Analysis: Next Big Meme Coin To Explode?

Amid the competitive meme coin landscape, Peanut the Squirrel (PNUT) has gone viral since its launch. Peanut the Squirrel (PNUT) is a Solana-based meme coin inspired by the tragic story of Peanut, a pet squirrel seized from its owner and euthanized in early November 2024.

Then, what is Peanut the Squirrel (PNUT)? Is it a good investment in 2024? Next, let’s take a close look at this innovative meme coin project.

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Table of Contents

What is Peanut the Squirrel (PNUT)?

Peanut the Squirrel (PNUT) Price History

Peanut the Squirrel (PNUT) Price Prediction

Is Peanut the Squirrel (PNUT) a Good Investment?

How to Buy the PNUT Token?

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What is Peanut the Squirrel (PNUT)?

Peanut the Squirrel (PNUT) is a Solana-based meme coin inspired by the tragic story of Peanut, a pet squirrel seized from its owner and euthanized in early November 2024. This sparked outrage online, and one anonymous meme coin creator saw an opportunity.

They launched PNUT on Pump. fun, a platform for creating tokens on Solana, right when the story was making headlines worldwide. Like most popular meme coins, PNUT doesn’t really have any utility. It’s purely about community engagement and speculation.

Initially, PNUT was solely tradable on Solana-based decentralized exchanges (DEXs). However, Elon Musk’s tweet about Peanut’s captivating story propelled the token into the limelight, paving the way for its listing on prominent centralized exchanges (CEXs) like Binance. This helped PNUT get listed on major CEXs (like Binance), making it much easier for people to buy and sell.

PNUT has a fixed supply of 999.85 million tokens, and they’re all in circulation. This means it avoids the pitfalls of other cryptocurrencies that have an unlimited supply, such as inflation.

PNUT USDT-margined perpetual futures contracts with a leverage of up to 50x are available on BTCC platform. If you are interested, click the button below to buy PNUT⇓

Peanut the Squirrel (PNUT) Price History

The price trajectory of Peanut the Squirrel’s token, PNUT, has been nothing short of WILD—even by the standards of meme coins. Its journey began on October 31st, with its debut on Solana’s Raydium DEX, coinciding with the media frenzy surrounding the demise of the real-life Peanut the Squirrel.

The momentum was swift and fierce. Within a mere 24 hours, PNUT’s market capitalization soared to $140 million in just 24 hours, with its price hitting $0.13 by November 3rd. Following this initial surge, the market experienced a brief lull, giving investors time to catch their breath. Little did they know that this was merely the calm before the storm.

On November 10th, PNUT’s price skyrocketed, surging over 400% in a single day. This bullish trend persisted, culminating in PNUT reaching an all-time high of $2.49 on November 13th—a staggering 2,200% increase in just three days. At that point, many hailed PNUT as the preeminent Solana meme coin on the market.

However, since then, the excitement has waned somewhat, with PNUT currently trading at around $1.22. This represents a significant decline from its peak, yet its volatile journey continues to captivate the crypto world.

As of writing this article, PNUT is traded at $1.23, boasting a market cap of $1,234,002,970, and witnessing a hefty 24-hour trading volume of $2,138,720,614. PNUT saw a 24-hour price change of +10.1%, with minor fluctuations of -1.4% in the past hour.

The following sets forth the PNUT to USD Chart

Peanut the Squirrel Price

Peanut the Squirrel (PNUT) Price Prediction

The crypto market’s volatility demands a forward-looking approach, allowing investors to anticipate potential price movements and position themselves strategically. Therefore, before deciding whether Peanut the Squirrel (PNUT) is a good investment, predicting the future prices of Peanut the Squirrel (PNUT) is crucial for investors to make informed decisions.

Peanut the Squirrel (PNUT) Price Prediction 2024

Peanut the Squirrel’s token, PNUT, has already carved a niche in the meme coin landscape, yet it lags behind prominent names such as FLOKI and POPCAT in terms of market capitalization, which still exceeds PNUT by hundreds of millions of dollars. This disparity hints at the potential for PNUT to be currently undervalued.

Moreover, the meme coin sector appears poised for another surge, as evidenced by the increasing interest from top centralized exchanges (CEXs) in this market segment. Coupled with PNUT’s rapidly expanding community, these factors create an opportunity for the token to climb higher in the final weeks of the year.

Therefore, in terms of Peanut the Squirrel (PNUT) price prediction for 2024,$PNUT is predicted to hit a maximum price level of $2.80. However, under a bearish circumstance, it is projected that $PNUT would drop to a lowest price level of $0.95, resulting an average trading price of $1.50.

Peanut the Squirrel (PNUT) Price Prediction 2025

As we look ahead to 2025, PNUT possesses several strengths that could propel its growth. The creators have ensured stability by burning the liquidity pool and renouncing the contract address, thereby preventing anyone—including the creators themselves—from tampering with PNUT’s code or functionality.

Furthermore, PNUT is investor-friendly, with no transaction taxes or hidden fees. However, what truly sets the token apart is its association with a noble cause. Although not officially linked, numerous PNUT holders have embraced P’Nut’s Freedom Farm—an animal sanctuary named in honor of the token’s namesake.

Taking all these factors into account, our price prediction for Peanut the Squirrel’s token in 2025 anticipates a maximum price of $2.53.  Although there’s likely to be volatility ahead, PNUT’s genuine community purpose could help it keep moving forward. However, under a bearish circumstance, it is projected that $PNUT would drop to a lowest price level of $1.66, resulting an average trading price of $2.09.

Peanut the Squirrel (PNUT) Price Prediction 2030

The future of PNUT appears promising, particularly as meme coins gain wider acceptance in mainstream circles. Leading exchanges such as Binance and Coinbase are beginning to embrace these coins, and this shift in attitude could positively impact PNUT in the coming years.

Crucially, statistical data supports this optimism. The global cryptocurrency market is forecasted to grow at a compound annual growth rate (CAGR) of 11.1% from now until 2028. As the market expands and attracts more participants, many will be drawn to meme coins due to their vibrant communities and less intimidating nature.

With all these in mind, our $PNUT price prediction for 2030 is a potential all-time high of $39.83.  However, under a bearish circumstance, it is projected that $PNUT would slump to a lowest price level of $4.95, resulting an average trading price of $15.36.

Here’s a quick overview of our PNUT price predictions for 2024,2025 and 2030

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Is Peanut the Squirrel (PNUT) a Good Investment?

Meme coins are known for their ability to gather large communities. These tokens often take advantage of viral trends, Internet culture and social media craze to attract attention. PNUT, like other meme coins, harnesses the power of community and humor, making it ideal for the meme coin space.

The squirrel peanut story, the controversial euthanasia, Binance’s listing, combined with Musk’s tweets provide the perfect model for PNUT to grow. It combines an emotional backstory with the comedic and whimsical nature that the meme coin is known for. This emotional connection to Peanut, combined with Musk’s influence, has made PNUT one of the most talked-about memes in recent days.

Looking ahead, the future of PNUT remains uncertain, but exciting. As more investors join the community and Peanut’s story continues to draw social media attention, the value of this meme coin is likely to grow further.

However, as with all meme coins, PNUT prices can fluctuate wildly due to social sentiment and external factors such as celebrity endorsements or viral trends.

In addition, the squirrel “peanut” story may have limited popularity. Not only that, we don’t know if the cryptocurrency market will maintain investor interest if it cools. The lack of any technical documentation or white paper explaining what PNUT is or what it does can put off more serious investors.

To sum up, while PNUT cryptocurrency price forecasts are generally positive, before you decide whether or not to invest in PNUT, you must do your own research to make sure you never invest more money than you can afford to lose.

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How to Buy the PNUT Token?

PNUT USDT-margined perpetual futures contracts with a leverage of up to 50x are available on BTCC platform. If you are interested in PNUT and want to buy the token, you can start by signing up for BTCC platform.

The following sets forth the guidance for trading PNUT futures on cryptocurrency exchange BTCC:

Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.

Step Two: on the BTCC official homepage, choose “Deposite”, and then fund your account with your preferred method (fiat deposit, crypto deposit or convert).

Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find PNUT crypto trading pair.

You can also click the button below to directly enter PNUT trading page⇓

Step Four: choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.

• Market Order: users place orders at the best price in the current market to achieve fast trading.
• Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
• SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Step Five: adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance level.

Step Six: choose the lot size and set the SL/TP price .

Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Step Eight: click the buy or sell button, and PNUT futures contract order is completed.

That’s all information about Peanut the Squirrel (PNUT). If you want to know more information about Peanut the Squirrel (PNUT) and other cryptocurrencies, please visit BTCC Academy.

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