Peanut the Squirrel (PNUT)

Overview

Peanut the Squirrel (ticker: PNUT) is a community-created meme token on the Solana blockchain. It was launched in late 2024 as an internet-native tribute to “Peanut” (often styled “P’Nut”), a social‑media‑famous squirrel whose story drew wide public attention. PNUT is an SPL token, which is Solana’s token standard—similar to ERC‑20 on Ethereum—so it works with common Solana wallets, decentralized exchanges, and developer tools. The commonly referenced contract address for PNUT on Solana is 2qEHjDLDLbuBgRYvsxhc5D6uDWAivNFZGan56P1tpump. Multiple exchange listings and wallet guides also point to this address. (okx.com)

From a design point of view, PNUT is simple: a fixed‑supply token with no built‑in complexity such as staking logic or programmable cash flows. Its draw comes from culture and community. The token lives entirely on Solana, benefiting from fast confirmation times and low network fees, which helps with small transfers, tipping, and frequent trading. PNUT’s popularity has also been fueled by a wave of social media interest around Peanut’s story and subsequent coverage in mainstream outlets. (solflare.com)

History & Team

Origins and cultural moment

The cultural spark behind PNUT was a widely covered incident in New York State. In October 2024, state conservation officers seized Peanut, and later euthanized the squirrel for rabies testing after a reported bite during the seizure; tests later came back negative. The event triggered a large public reaction, extensive news coverage, and significant online activism. Peanut’s owner, Mark Longo, drew additional attention through interviews, posts, and fundraising for his animal sanctuary. (apnews.com)

Public figures amplified the moment. Elon Musk posted multiple times about Peanut, which further boosted visibility of the broader “Peanut” meme online and, indirectly, the token that arose around it. Newsrooms documented Musk’s comments and the political discourse that followed. (ndtv.com)

Launch and anonymity

In the weeks after the incident, PNUT was created on Solana via pump.fun—a popular, no‑code launchpad for meme tokens. Like many meme projects, the creators chose anonymity and a “community‑first” approach rather than a named, venture‑backed founding team. The launch method and timing are consistent with pump.fun’s typical fair‑launch mechanics. (builtin.com)

Exchange availability

As interest spread, centralized exchanges began supporting PNUT deposits and spot trading. Public notices confirm listings or support on OKX (November 11, 2024), Kraken (December 18, 2024), Binance.US (January 2025), and Coinbase (trading support beginning January 14, 2025, subject to liquidity). These announcements cemented PNUT’s presence beyond Solana’s decentralized exchanges. (okx.com)

Technology & How It Works

Built on Solana as an SPL token

PNUT adheres to Solana’s SPL token standard. SPL defines how tokens are minted, transferred, and managed on Solana. Two concepts often discussed with SPL assets are the “mint authority” (who can create more tokens) and the “freeze authority” (who can freeze accounts). Many community tokens revoke these authorities to signal a fixed supply and reduce administrative control. That pattern is documented in Solana’s own token authority guidelines and widely discussed in the Solana developer and trader communities. (solana.com)

Pump.fun launch mechanics

Pump.fun uses a bonding‑curve model: when a new token is created, buyers purchase from a curve where the price rises slightly with each buy and falls with sells, providing immediate liquidity without a traditional order book. Historically, once a token reached a set threshold, it “graduated” off the curve to trade on an automated market maker (AMM). In 2025, pump.fun directed graduates to its own PumpSwap rather than always migrating to third‑party DEXs, though many tokens—including PNUT—also trade on major Solana DEXs like Raydium and Orca or via the Jupiter aggregator. (solflare.com)

Wallets and interoperability

Because PNUT is an SPL token, it is compatible with popular non‑custodial wallets including Phantom and Solflare. Wallet providers publish simple “add custom token” guides that use PNUT’s contract address, and these apps integrate natively with Solana DEXs for swaps. Hardware wallets can be used by connecting through Solana‑compatible software. (solflare.com)

Tokenomics & Utility

Supply and contract

Exchange listing pages identify PNUT’s total supply as 999,858,912 tokens, matching the token’s canonical Solana address. This aligns with pump.fun’s typical “around 1 billion” fixed‑supply pattern for meme launches. Community pages also describe a renounced/locked approach, but those statements come from third‑party sites rather than an official technical whitepaper. Always rely on the on‑chain data and reputable explorers or exchange listings for canonical supply and contract information. (okx.com)

What PNUT is used for

• Cultural currency: PNUT functions as a social token tied to a viral story. Supporters use it to rally around a narrative, tip creators, and coordinate online campaigns. This is typical for meme tokens, where identity and culture are the utility. (solflare.com)
• Trading and experimentation: On Solana DEXs, PNUT is actively traded, giving retail users a way to participate in trend‑driven markets with low fees and quick settlement. (solflare.com)
• Community initiatives: Peanut’s story motivated donations and activism around animal welfare, documented across mainstream coverage and fundraising pages. While broad fundraising often occurs in fiat via platforms like GoFundMe, the PNUT community also frames the token as a symbol around which charitable or awareness efforts can form. (nypost.com)

PNUT does not embed protocol revenue, staking, or governance features at the token‑contract level. Any benefits or campaigns tend to be social and community‑organized rather than enforced by code. (builtin.com)

Ecosystem & Use Cases

On‑chain activity

• Trading venues: PNUT trades on Solana AMMs and aggregators, which route orders across pools for best execution. Users commonly access liquidity through Raydium, Orca, and Jupiter. (solflare.com)
• Wallet support: Phantom and Solflare support custom SPL tokens like PNUT and offer integrated swap flows. This makes it easy to move from SOL to PNUT within the same interface. (solflare.com)

Off‑chain reach

• Exchange listings: Support on Coinbase, Kraken, OKX, and Binance.US expanded access for newcomers who prefer custodial exchanges and fiat on‑ramps. These listings also help with discoverability for users who primarily interact through centralized platforms. (cryptobriefing.com)
• Media and social momentum: Coverage by mainstream media and high‑profile posts on social platforms shaped awareness, which is central to any meme token’s lifecycle. PNUT’s story is an example of how culture and headlines can create a self‑reinforcing community narrative. (apnews.com)

Advantages & Challenges

Advantages

• Solana performance: Low fees and fast finality make small transfers and frequent swaps practical, which suits meme token culture and micro‑tipping. (solflare.com)
• Simple design: Fixed supply and a straightforward SPL implementation reduce technical complexity. Users can focus on community actions rather than protocol mechanics. (solana.com)
• Broad availability: Support by major exchanges and top Solana DEXs improves access and liquidity paths for a wide range of users. (cryptobriefing.com)
• Cultural resonance: A strong meme and clear story help communities self‑organize, raise awareness, and coordinate digital campaigns. (people.com)

Challenges

• Narrative dependence: Meme tokens rely heavily on social attention. Interest can fade as trends move on, which affects engagement and ecosystem activity. This is an inherent feature of culture‑driven assets. (builtin.com)
• Copycats and confusion: Multiple “Peanut/Pnut” themed tokens exist across chains and domains. Users should reference the established Solana address for PNUT to avoid confusion with lookalikes. (okx.com)
• Holder concentration: Third‑party trackers have, at times, shown a high share of supply among top wallets—a common trait in meme launches that started on bonding curves. Concentration can influence market dynamics until it disperses. (memetrends.com)

Where to Buy & Wallets

Peanut the Squirrel can be purchased on Coinbase, Kraken, OKX, and Binance.US. PNUT is also available on Solana decentralized exchanges, including Raydium and Orca, and through the Jupiter aggregator. Use the Solana contract address 2qEHjDLDLbuBgRYvsxhc5D6uDWAivNFZGan56P1tpump to verify you are selecting the correct token. (cryptobriefing.com)

PNUT can be stored in Solana‑compatible wallets. Phantom and Solflare both support adding PNUT as a custom SPL asset and provide built‑in swap features. Hardware wallets can be used by connecting through these wallet apps for transaction signing. (solflare.com)

A simple purchase flow is:

1. Create or open a Solana wallet (Phantom or Solflare).
2. Acquire SOL for fees and swaps.
3. On a CEX, buy PNUT directly; or on Solana, swap SOL for PNUT via Raydium/Orca/Jupiter using the contract address. (cryptobriefing.com)

Regulatory & Compliance

PNUT is a utility‑less meme token with a cultural theme and no built‑in claim on revenue or governance. In the United States, how a crypto asset is classified can depend on specific facts and circumstances; there is no single rule that automatically labels every token. Major exchanges listing PNUT apply their own asset‑review processes and operate with AML/KYC programs, which is why access may vary by region and account verification status. None of this amounts to a legal determination about PNUT; it simply reflects each platform’s listing and compliance policies. (cryptobriefing.com)

From an Islamic finance perspective, there is no single, authoritative ruling that declares PNUT halal or haram across the board. Some scholars view many cryptocurrencies as permissible property (maal) that can be traded, provided the activity avoids fraud and gambling‑like behavior. Others object to meme tokens because their value is mostly speculative and not clearly tied to productive utility, which can raise concerns about excessive uncertainty (gharar) or gambling (maisir). Because PNUT functions as a community meme token without explicit real‑world claims, its Shariah assessment often depends on the evaluator’s school of thought rather than on a statement by the project. In short, there is no official PNUT‑specific ruling; interpretations differ across scholars and communities.

Future Outlook

PNUT’s trajectory is tightly linked to culture. On‑chain, it benefits from Solana’s speed and inexpensive fees, plus wide wallet and DEX support. Off‑chain, listings on several major exchanges have already made access straightforward for mainstream users. If creators, influencers, and community organizers continue to build content, charity drives, or lightweight utility (for example, tipping bots, merch tie‑ins, or NFT cross‑overs), that activity can help sustain attention around the token.

Technology trends also matter. Pump.fun’s evolution—from bonding‑curve launches to directing “graduates” toward its own AMM—has reshaped how new Solana memes trade. PNUT already sits downstream of that culture: easy wallets, fast swaps, and aggregator routing make participation simple. The more Solana’s user base grows and its tooling improves, the easier it becomes for PNUT’s community to coordinate campaigns and experiments. (solflare.com)

At the same time, meme markets are cyclical. Engagement ebbs and flows with news cycles and social media trends. PNUT’s long‑term footprint will likely depend on whether its community keeps finding positive, creative ways to channel Peanut’s story into on‑chain activity and off‑chain projects people care about. (people.com)

Summary

Peanut the Squirrel (PNUT) is a Solana‑based meme token created in the wake of a widely reported real‑world event. It uses Solana’s SPL standard, runs with a fixed supply tied to the contract address 2qEHjDLDLbuBgRYvsxhc5D6uDWAivNFZGan56P1tpump, and sits comfortably in the Solana tooling stack—Phantom and Solflare for wallets, Raydium/Orca/Jupiter for swaps, and listings on several centralized exchanges for straightforward access. Its core “utility” is cultural: a symbol around which people coordinate, converse, and sometimes fundraise. For learners, PNUT offers a clear look at how memes, media, and markets intersect on Solana—simple token mechanics powered by social momentum and easy‑to‑use infrastructure. (okx.com)