The story of Peanut the Squirrel (PNUT) was well received with the online animal lovers. A project that was released in the year 2024, this token rose in popularity in the year of its launch and it was dedicated to a squirrel known as Peanut, which is considered a tribute to the quote “gone too soon”.
It is not surprising that once PNUT became available to the dogs it was an instant success. Just 13 days after creation, Peanut the Squirrel broke its highest point ever with an astounding market capitalization of over $1.8 billion before reaching its current level of $333 million.
PNUT’s rise appears to be tightly cemented into the fast and cheap blockchain platform Solana for obvious reasons. Much like the rise of Popcat, a similar script played out with this coin and there were gains of 110.2% in the past two weeks.
PNUT’s background story, its recent price surge, and integration with Solana, three key points, come into one’s focus and due to these reasons it has become one of the three most popular meme coins.
