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Written by: Deng Tong, Bitchain Vision
At around 9:00 on November 14, Beijing time, the market showed that PNUT (Peanut the Squirrel) broke through US$2.5 in a short period of time, at US$2.4158, continuing to hit a record high, with a 24-hour increase of 422.3%.
This is not the first time that PNUT has used its upward trend to attract attention.At around 20:00 on November 13, PNUT broke through $1.5 in a short period of time, at $1.515, an increase of 247.41% in 24 hours; on November 11, PNUT hit $0.28 in a short period of time, 1The increase within the hour was 141.15%.
But the story of squirrel is much more than that. In addition to the rise and fall of Meme coins, this squirrel is related to too many labels – the US election, Trump, Musk, euthanasia… More stories need to be fromLet’s talk about it before the US election.
Previous life – Internet celebrity squirrel caused political interlude during election
The story of the little squirrel can be traced back to seven years ago, when Mark Longo rescued the squirrel when he saw Peanut’s mother get hit by a car.Due to injuries, Longo believes that Peanut cannot survive in the wild.Therefore, Peanut takes care of it and becomes its caregiver.
Owner Longo often shares its daily life on Instagram.Not only did Mark use these videos to attract fans, he also founded an animal rescue agency under the name of Peanut to raise funds for animals in need.
But on October 30, the New York State Department of Environmental Protection (DEC) took Peanut away and detained him after receiving an anonymous report.Longo told the media: “They treated me as a terrorist, and the whole raid seemed to be drug control. My house was turned into a mess, my wife was even asked about my immigration status, and I was accompanied by the police when I went to the bathroom to check the toilet.Are there any hidden items behind it?”
Mark launched a petition calling for the release of the squirrel who had spent seven years with him, attracting a lot of supporters’ attention.
Then, on November 2, news of Peanut being euthanized, sparking intense anger on the Internet.”It’s a horrible nightmare for me,” Longo said on social media.Members of the community condemned the DEC’s violent law enforcement and compared the incident to the 2020 “Black Lives Matter” movement, proposing the slogan “Rat Lives Matter is Rats”.The DEC Director was ridiculed as “Karen” for his tough attitude, and the Democratic government has become the focus of public opinion, and has been accused by countless voters of “the government has the resources to kill a squirrel, but cannot repair the bridge on the street?”
Musk also joined the memorial service and posted several tweets in support of Peanut.
It was already a white-hot stage of the US election. On November 4, Musk topped the X social platform and said, “For PNut!, for freedom, vote.”According to data, Peanut’s current market value is $53.97 million.
Because the New York EPA is under the control of the Democratic Party, many people condemn the authorities for abuse of power.The Trump campaign also took this opportunity to speak out many times:
Trump said: If the squirrel came from Mexico, the government would arrange hotels and shopping cards for it.The Democratic government’s approach to the little squirrel is a waste of resources.
Trump’s eldest son, Trump Jr., said: Peanut’s death should catalyze real changes and kick the current administration away with votes.
On November 3, Vance said at a rally in North Carolina that Trump was “unstoppable” at the squirrel’s death and said “Peanut”’s death has brought questions about the administration’s prioritiesitem.“It’s crazy that the government doesn’t care about the thousands of illegal immigration criminals entering our country, nor do we want us to have pets.”
The Democratic Party’s slutty operations and Trump’s statements have obviously aroused the people’s election sentiment, and some people even called for voting for Trump on social media to avenge Peanut.
(The picture is roughly meaning: Kamala’s party executed a cute pet squirrel named Peanut this week because they are lunatics, and voted Trump to avenge Peanut! Serious Note: If Trump is in a speechJoin Peanut and put RIP graphics behind him, and the game is officially over. We want to give justice to Peanut! )
At this point, Peanut represents a spirit of struggle that yearns for freedom and democracy. The fate of this little squirrel has been bound to the US election and has become another dimension for Trump’s team to criticize Harris’ team.
In this life – creating sky-high wealthPNUT
The US election has come to an end, but the story of this little squirrel is still continuing.In the crypto world, this little squirrel has become the Meme coin PNUT, which is sought after by people and has set off the most fanatical Meme coin trend.
As mentioned at the beginning of this article, PNUT has soared in recent days. According to Coingecko data, PNUT’s price reached its recent peak around 9:00 today, at $2.27, with a 24-hour trading volume of $5.501 billion.
PUNT is the Meme coin launched on the Solana blockchain. The story behind it is regrettable and resonates on social media.In addition to the continued call of Musk and Trump, the top brothers in the list, the crypto whale first smelled the opportunity to make a profit:
On November 5, according to Lookonchain monitoring, a whale spent 13,642 SOLs (US$2.22 million) to purchase Pnut, FRED and OPK in the past three days, and currently has a floating loss of US$1.44 million.Of these, 7,142 SOLs ($1.16 million) were spent to purchase 14.46 million Pnuts, and now it shows a loss of $553,400 (-48%).
On November 6, according to ai_9684xtpa monitoring, as PNut violently rebounded 127% in the past 24 hours, the mysterious giant whale that spent 11,600 SOLs heavily in Pnut, FRED, and OPK, narrowed from US$1.48 million to US$183,000.Close to paying off.
On the same day, a trader created a new wallet and spent 15,132 SOLs ($2.8 million) to buy Pnut and FRED in the past 2 hours.Spend 11,582 SOLs ($2.14 million) to buy 17.35 million Pnuts for $0.12.
On November 10, according to Solscan data, the js5Lja opening address has accumulated about 28.83 million Pnuts (valued over 2.4 million US dollars) in the past 6 days, becoming the largest holder.
On November 11, there was news that the giant whale was buying. Subsequently, exchanges such as Binance and OKX launched PNUT. The market trend of Meme Coin PNUT gradually became crazy, and the daily increase was not surprising.
Based on the $0.128 before the market took off on November 11, the highest point of $2.27 was around 9:00 this morning. In just 4 days, PNUT has soared by 1673%.
So, why has PUNT soared recently?
First of all, against the backdrop of Trump’s victory, the overall crypto market has risen, and the former president, who is about to return to the White House, is excited by crypto investors.Musk, who has been calling for Dogecoin, will take office as the “Ministry of Government Efficiency” during Trump’s administration. The abbreviation of “Ministry of Government Efficiency” is also renamed with Dogecoin DOGE, the first Dogecoin Meme coinThe currency has ushered in a brand new market cycle, and it is reasonable to see the surge in PUNT, which has been supported by Musk.
On November 13, Musk directly called for PUNT:“A squirrel and a Meme coin saved the United States!”Driven by Musk, the top brother of Trump, PUNT soared into the sky.
Secondly, PUNT’s recent surge is related to the overall Meme market.In this round of crypto bull market, the Bitcoin and Meme sectors are the most impressive.According to SoSoValue data, the Meme sector overall rose 11.90%.In addition, the Trump theme concept sector performed well, with an increase of 189.05%. Among them, Peanut the Trump (PNUT) performed well, with an increase of 324.49% in 24 hours and a trading volume of more than US$6 billion.In terms of overall market trading volume, the Meme project continues to attract a lot of liquidity.Among the top 10 currencies in the crypto market (excluding stablecoins) trading volume in the past 24 hours, there are as many as 6 Meme coins, namely DOGE, SHIB, PEPE, WIF, BONK and PNUT.
Memecoin’s influence goes far beyond merely attracting crypto enthusiasts – they have become the most powerful portal for introducing crypto to newbies.PUNT repeatedly breaks new highs and once again demonstrates the unique charm of Meme coins – they deliberately get rid of traditional cryptocurrency narrative games, embrace the basic values of the community and entertainment, and express the appeals of the general population in a free atmosphere.
Summarize
From a internet celebrity squirrel who lives happily to a political role supported by storm figures such as Musk and Trump, to creating billions of dollars in Meme coins, the fate of this little squirrel may have been rescued 7 years agoThat moment is destined to be unique.
Peanut may be a victim of the US election, but it has inspired people’s spirit of resistance and expressed ordinary people’s yearning for freedom and fraternity.In the future, PUNT may continue to replace Peanut and last forever in the crypto world. I hope that people will occasionally remember this tree elf who once stopped in the world in the joy of gaining wealth.
