A Meme Coin Honoring Peanut the Squirrel Gains Popularity

PNUT, a meme coin on the Solana blockchain, has quickly gained popularity, reaching a market cap of over $120 million within just three days of listing. Inspired by Peanut, a pet squirrel known for doing tricks in tiny hats on social media, the coin has struck a strong emotional chord with fans.

The coin's exposure grew with its listing on Bitget, and shortly after, Binance announced it would list PNUT, sparking even more interest. This led to a significant rise in its market cap, from $129 million to $447.5 million, before stabilizing around $422 million, with a current price above $0.41.

In addition to its growing popularity, Bitget is running a campaign where users can win $10–$20 worth of PNUT tokens by participating.

At its core, PNUT shows that cryptocurrency can be about more than just profit. It taps into cultural moments and brings people together over shared emotions, proving how meme coins can build strong communities.