Peanut the Squirrel (PNUT)

Overview

Peanut the Squirrel (PNUT) is a meme token on the Solana blockchain. It takes its name from Peanut, a rescued squirrel whose death in 2024 drew wide attention online. The token gives people a way to take part in a shared internet story: they can hold it, send it to others, or exchange it. Its main role is cultural rather than technical. It represents a community’s response to a real event, carried through a digital asset. (assets-cms.kraken.com)

Meme tokens often begin with a character, joke, or news story instead of a plan to build software. PNUT’s identity comes from Peanut’s life, the reaction to his death, and the people who kept discussing his story. Understanding that origin explains more about the token than its ticker alone. (assets-cms.kraken.com)

History & Team

From Peanut’s story to a community token

Mark Longo rescued Peanut in 2017 and shared videos of him online. In late October 2024, New York State wildlife officials seized Peanut from Longo’s home. Peanut was euthanized, and news of his death prompted a strong public response. PNUT appeared on Solana soon afterward, in early November 2024, as a tribute shaped by that response. (coingecko.com)

An anonymous user created the token through Pump.fun, a service that lets users launch coins. According to Kraken’s account of the project, community volunteers took over its organization on November 7, 2024. This history helps explain why PNUT has no named founder serving as a long-term project leader. Its public identity has instead been maintained through community activity and online channels. (assets-cms.kraken.com)

The distinction between Peanut’s story and the token’s organization matters. Longo’s role was caring for the real squirrel whose life inspired the project; the recorded token launch was carried out by an anonymous Pump.fun user. PNUT’s later activity reflects the efforts of people who gathered around the coin. (assets-cms.kraken.com)

Technology & How It Works

A token recorded on Solana

PNUT uses Solana’s token system. Each holder’s balance is recorded in a token account tied to a particular token mint. When someone sends PNUT, a Solana transaction updates the balances of the sending and receiving accounts. The network’s token program handles that transfer. This lets ordinary Solana wallets and applications work with the coin without a separate PNUT blockchain. (solana.com)

The token’s mint address is 2qEHjDLDLbuBgRYvsxhc5D6uDWAivNFZGan56P1tpump. A mint address identifies a specific asset on Solana. Names and tickers can be reused, but this address points to the PNUT token described here. It appears on the project’s website and in Binance’s listing announcement. (pnutsol.com)

Solana transactions require fees paid in SOL, the network’s native coin. A PNUT holder who sends tokens from a personal wallet therefore needs some SOL to pay the network fee. The fee belongs to the Solana transaction process; it is separate from the PNUT amount being sent. Solana’s design makes small transfers and wallet-based swaps practical for a token built around frequent online interaction. (solana.com)

Tokenomics & Utility

Supply and distribution

PNUT was created with a supply of about one billion tokens. Kraken’s project disclosure describes a community-managed supply with no pre-allocated pool or project treasury. The project website states a one-billion-token supply and says its liquidity-pool tokens were burned. Those features describe how the coin was launched and presented; they do not give holders a claim on a business or its income. (assets-cms.kraken.com)

The token’s everyday utility is straightforward. People can keep PNUT in a Solana wallet, transfer it to another wallet, or exchange it through services that support it. The project website also describes zero token transaction tax. Network fees and any fees charged by an exchange or swap service are separate from that project-level feature. (pnutsol.com)

PNUT’s economic model centers on circulation among holders rather than rewards earned by using a PNUT application. Its community can choose ways to use the token socially, such as sharing it among supporters, but those activities depend on the people involved. The token itself is mainly a transferable symbol of participation in Peanut’s online story. (assets-cms.kraken.com)

Ecosystem & Use Cases

PNUT’s ecosystem has two parts: the Solana tools that handle the asset and the online community that gives it meaning. Solana wallets hold the token, blockchain records show transfers, and exchange services let people swap it. The project website points users to community channels and to Solana-based swap tools. These connections make PNUT accessible through the wider Solana ecosystem without requiring a dedicated PNUT app. (pnutsol.com)

Community expression is its clearest use case. Holders can share images and messages about Peanut, discuss the event that inspired the coin, and use PNUT as a common sign of interest. The project presents Peanut as a symbol of rescue and compassion. Its website also connects his story to public discussion about the treatment of animals and the actions of wildlife authorities. (pnutsol.com)

A token transfer can serve a social purpose—for example, one person can send PNUT to another as a small gesture tied to the story. The same transfer works technically like any other supported Solana token transfer. What makes it meaningful to participants is the shared context around Peanut. (assets-cms.kraken.com)

Advantages & Challenges

PNUT has a recognizable origin. Peanut was a real animal with an existing online following, and the event behind the coin was widely discussed before the token gained attention. That gives the community a specific story to remember and talk about. Solana’s established wallet and token tools also make PNUT easy to transfer and integrate into common exchange workflows. (assets-cms.kraken.com)

The same simple design sets limits on what the token can do by itself. Holding PNUT does not provide a documented right to use a special service, receive project revenue, or vote through a formal on-chain governance system. Community organization rests largely with volunteers, so projects built around the token depend on people continuing to organize them. Its identity is closely tied to one event, making continued interest in that story important to its place in meme-token culture. (assets-cms.kraken.com)

These traits make PNUT a useful example of a community-led meme coin. Its blockchain functions are simple and well suited to transfers; its broader purpose comes from the choices and activity of its holders. (assets-cms.kraken.com)

Where to Buy & Wallets

Peanut the Squirrel can be purchased on Binance and Kraken, subject to each platform’s regional availability and account requirements. Binance announced its PNUT listing in November 2024, and Kraken provides a PNUT purchase service. PNUT can also be swapped through Solana tools such as Raydium or Jupiter, which the project website names in its wallet instructions. (binance.com)

Phantom is a Solana wallet that can hold PNUT. The project website uses it as an example for setting up a wallet and swapping SOL for the token. A personal wallet needs SOL for Solana transaction fees. When selecting PNUT in a wallet or swap tool, the mint address shown in the Technology section identifies the asset covered in this article. (pnutsol.com)

A centralized exchange holds assets in an account on the user’s behalf. A personal Solana wallet lets its holder control the wallet used to send tokens and connect to on-chain applications. Both routes offer access to PNUT, but they place the tokens in different kinds of accounts. (kraken.com)

Regulatory & Compliance

Rules affecting PNUT depend on where and how it is offered. In the United States, the Securities and Exchange Commission’s 2026 interpretation discusses meme coins within its framework for digital collectibles. The interpretation looks at an asset’s features and the circumstances in which it is offered; PNUT is not named in that guidance. In the European Union, the Markets in Crypto-Assets regulation sets requirements for crypto-asset offers, trading platforms, and service providers. In the United Kingdom, firms marketing qualifying cryptoassets to consumers must follow financial-promotion rules. These frameworks chiefly shape the obligations of businesses that offer or promote access to tokens. (sec.gov)

Islamic finance assesses digital assets through the nature of the asset and the terms of a transaction. Relevant principles include the treatment of interest, excessive uncertainty, and gambling-like activity. Malaysia’s Securities Commission Shariah Advisory Council has recognized that some regulated digital assets can qualify as assets under Shariah, while setting conditions for their use and trading. Its resolution applies to digital assets within that regulator’s scope. PNUT has no published project-specific Shariah certification or established halal ruling; an assessment of it would concern the token and its use, rather than the animal in its name. (sc.com.my)

Future Outlook

PNUT’s future role depends on whether its community continues to find meaning in Peanut’s story and ways to express that meaning online. Its existing design already supports holding, sending, and swapping the token. New community activities could develop around those basic functions, but no particular application is needed for PNUT to continue operating as a Solana token. (assets-cms.kraken.com)

The project’s history also shows how an internet event can become a lasting on-chain object. A story first shared through videos and public discussion was given a token that people can transfer between wallets. How much cultural life that token has over time will come from the people who keep using it. (assets-cms.kraken.com)

Summary

Peanut the Squirrel is a Solana meme token created in response to the death of a widely known rescue squirrel. An anonymous user launched it, and community volunteers later organized around it. PNUT’s core functions are simple—holding, transferring, and swapping—while its identity comes from Peanut’s story. It illustrates how a shared online memory can become a community-led digital asset. (assets-cms.kraken.com)