Peanut the Squirrel (PNUT)

Community and Awareness

Peanut the Squirrel is a meme coin on the Solana blockchain created to honor the story of a real squirrel named Peanut. It aims to build a strong community around the token and raise awareness for animal rights.

Fundraising

The token helps raise funds to support animal welfare causes, connecting crypto users with charitable efforts related to animals.

Blockchain Features

Built on Solana, Peanut the Squirrel benefits from fast transactions and low fees, making it easy to use for trading and transfers.

Social and Cultural Impact

The project combines humor, social commentary, and digital assets, engaging a wide audience inspired by Peanut’s story and viral social media presence.

Pros

• Built on the Solana blockchain, offering very low transaction fees and fast processing.
• Strong community support and fan engagement, driven by the emotional story behind Peanut the Squirrel.
• Listed on major crypto exchanges like Binance, making it easy to buy and sell.
• Affordable entry point for new users interested in meme coins.
• Gained viral popularity quickly due to social media and celebrity attention, boosting visibility.

Cons

• Highly volatile price, with large and rapid changes common.
• Lacks strong real-world utility beyond being a meme coin and community symbol.
• A significant portion of the token supply is controlled by a small group, which can affect market dynamics.
• The project is largely driven by social and emotional factors, which may impact long-term stability.
• Some controversy around the use of Peanut’s story has affected public perception.

Founders

Peanut the Squirrel was conceptualized and officially launched in 2022 by Eli Oakfield.

Owner

Mark Longo is the owner of the real Peanut the Squirrel and has been involved in legal actions related to the use of Peanut's image and story in the crypto space.

Additional Notes

The creator(s) of the PNUT token remain anonymous, following a common trend in meme coins where the community is the focus rather than the founders.

Investors in Peanut the Squirrel

Peanut the Squirrel has attracted a wide range of investors, including:

• Crypto Community and Retail Investors: Many individual investors and meme coin enthusiasts have bought PNUT tokens, drawn by the story and community vibe.
• Donors: The owner, Mark Longo, received about $50,000 worth of PNUT tokens as donations from supporters.
• Public Figures: Elon Musk indirectly promoted the token, which helped boost interest and investment.
• General Market Participants: PNUT is traded on major platforms like Binance, Coinbase, and Robinhood, allowing everyday crypto traders to invest.

The project is community-driven, with investors motivated by the story behind Peanut the Squirrel and the token’s presence on popular exchanges.

Halal Status of Peanut the Squirrel

• Yes or No: There is no clear, official ruling available online that confirms Peanut the Squirrel is halal.
• Reason: Peanut the Squirrel is a meme-based cryptocurrency created as a tribute and community token on the Solana blockchain. Its halal status depends on individual interpretation of Islamic finance principles, which are not explicitly addressed by the project or recognized Islamic authorities.