PNut is a Solana-based meme coin created in memory of Peanut the Squirrel, whose controversial euthanasia sparked online outrage in late 2024. While many meme coins fade quickly, PNut has kept a loyal following and remains active in the crypto market.
How Did PNut Start and Why Did It Go Viral?
Launched in November 2024. PNut rode a wave of viral publicity after Peanut's story spread online, amplified by public figures like Elon Musk. The token quickly appeared on major exchanges and reached a $2 billion market cap within weeks.
What Happened After the Hype Peak?
Like many meme coins, PNut's price corrected sharply after its all-time high of $2.47 on November 14. 2024. Legal disputes followed, including accusations from Peanut's owner that Binance used the squirrel's likeness without permission.
Is PNut Still Active Today?
As of mid-2025. PNut remains actively traded, with a market cap in the hundreds of millions. While far below its peak value, community support and occasional social media boosts keep it relevant. Analysts remain split — some see upside potential, others caution against its speculative nature.
Conclusion
If you're asking what happened to PNut and is it still alive, the answer is yes — though its future depends more on community sentiment and meme culture than technical innovation.
