jakiro
Source: PUNT official website, Twitter, Business 2 Community
On November 11, 2024, Binance announced that it was launched at 18:00 Peanut the Squirrel (PNUT) and opened USDT spot transactions.Once the news came out, PNUT touched 0.28 USDT in the short term, and rose 141.15%within 1 hour, which rose more than 3 times in 10 minutes.The market value rose from $ 100 million to $ 362 million.
According to DEX Screener data, as early as November 2nd, the price of PNUT began to skyrocket, the highest was over 6600 times compared to the launch, and its market value also exceeded $ 110 million on November 3.As of 20:00 on the 11th, PNUT’s market value has reached $ 451 million.
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What is PNUT?
PUNT is MEMECOIN launched on the Solana blockchain. It was born in an unexpected and heartbreaking real world event. The incident resonated in social media.PNUT tries to guide the love and advocates into the movement of protecting small animals.This coin represents the mission of sympathy, commemoration and change in the cryptocurrency world, and combines the community spirit with an influential cause.
Internet red squirrel peanut tragedy
PNUT is a mysterious coin inspired by squirrel Peanuts.Peanut is a net red squirrel living in the United States. The owner Mark often shares its daily life on Instagram.Mark not only used these videos to attract fans, but also founded animal rescue agencies in the name of Peanut to raise funds for animals that need to be rescued.
On October 30, after receiving an anonymous report, the New York State Environmental Protection Agency (DEC) took Peanut away and detained.Mark initiated a petition to call for the release of this squirrel that had been for 7 years with him, which aroused the attention of a lot of supporters.
However, on November 2nd, the news of Peanut was euthanized, causing strong anger on the Internet.The community condemned DEC’s violent law enforcement, and compared the incident with the “Black’s Life is also a life” movement in 2020, and proposed the slogan of “rats and preciousness”.DEC was ridiculed as “Karen” for his tough attitude, and the Democratic government became the focus of public opinion.
Musk also joined this mourning event and released multiple tweets to support Peanut.
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Behind the incident, the PNUT tokens gradually became a symbol of protests. Supporters used PNUT to express their support for animal equity, while protesting the government’s improper disposal.
PNUT’s social meaning and investment value
The birth of PNUT reflects the public’s attention to animal rights and dissatisfaction with the government’s law enforcement, and has caused the “precious mouse life” social movement.Through PNUT, supporters not only express their condolences to Peanut, but also regard this as a way to protest the government.The rapid popularity of PNUT shows the deep blending of cryptocurrencies and social topics.Not only investing in products, but also a reflection of social emotions.PNUT supporters use this to express their care of animal life and criticism of the government.
With the diversity of currencies, more similar cryptocurrencies may occur in the future, combined with social topics and political emotions, continue to lead investors and the public to participate.This type of mini currency may continue to develop into a carrier of social movement and political stance.Not only do they have market potential, they can also effectively reflect social opinions and become a new way for the public to express their demands.
