Peanut the Squirrel (PNUT) is a meme coin created on the Solana blockchain as a tribute to Peanut, a beloved pet squirrel that gained fame on social media. The token combines decentralised finance (DeFi) functionality with gaming elements, aiming to engage both casual investors and blockchain enthusiasts. PNUT is a community-driven cryptocurrency with a mission to promote animal welfare and advocacy.
PNUT operates on the Solana blockchain, leveraging its high speed, low transaction costs, and scalability. While the token itself doesn't detail unique consensus mechanisms, it likely utilises Solana's Proof of Stake (PoS) and Proof of History (PoH). PNUT can interact with Solana's smart contract capabilities, enabling its use in DeFi applications and potential future developments.
A key feature of PNUT is its allocation of a portion of transaction fees to fund animal welfare initiatives, creating a direct link between the token's activity and its mission-driven goals.
PNUT serves a variety of purposes, including:
PNUT is relevant across industries such as decentralised finance, gaming and gamification, animal welfare, and social media-driven community projects.
Peanut the Squirrel (PNUT) was launched in early November 2024 as a tribute to Peanut, a rescue squirrel whose story sparked widespread outrage and support for animal rights. The token was created anonymously, as is common with meme coins.
Key milestones include:
PNUT has rapidly evolved from a meme coin to a symbol of animal rights advocacy, gaining significant traction in the crypto community. Despite its volatility, it has become a notable player in the intersection of crypto and social impact.